| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | REXR | LTIP Units | Options Exercise | $0 | -2,979 | -0.44% | $0.000000 | 680,507 | 22 Nov 2024 | Common Stock, par value $0.01 | 2,979 | Direct | F1, F2, F3 | |
| transaction | REXR | Operating Partnership Units | Options Exercise | $0 | +2,979 | +3.9% | $0.000000 | 79,362 | 22 Nov 2024 | Common Stock, par value $0.01 | 2,979 | Direct | F2, F3, F4, F5 | |
| holding | REXR | Operating Partnership Units | 49,277 | 22 Nov 2024 | Common Stock, par value $0.01 | 49,277 | See Footnote | F3, F4, F6 |
| Id | Content |
|---|---|
| F1 | Represents LTIP Units, a class of limited partnership units of Rexford Industrial Realty, L.P. (the "Operating Partnership"), issued as long term incentive compensation subject to time-based vesting pursuant to the Second Amended and Restated Rexford Industrial Realty, Inc. and Rexford Industrial Realty, L.P. 2013 Incentive Award Plan. Initially, the LTIP Units do not have full parity with common units of limited partnership interest ("OP Units") with respect to liquidating distributions. However, upon the occurrence of certain events described in the Operating Partnership's partnership agreement, the LTIP Units can over time achieve full parity with the OP Units for all purposes. If such parity is reached, vested LTIP Units may be converted into an equal number of OP Units on a one for one basis at any time at the request of the Reporting Person or the general partner of the Operating Partnership. The 2,979 LTIP Units referred to herein have vested and reached such parity. |
| F2 | Reflects the conversion of 2,979 vested LTIP Units into 2,979 OP Units in accordance with the Operating Partnership's partnership agreement. |
| F3 | n/a |
| F4 | Represents OP Units in the Operating Partnership. The Issuer is the general partner of the Operating Partnership. OP Units are redeemable for cash equal to the then-current market value of one share of common stock, or at the election of the Issuer, for shares of the Issuer's common stock on a one for-one basis. |
| F5 | The Reporting Person also owns the following securities: (i) 528,547 Performance Units, a class of limited partnership units in the Operating Partnership and (ii) 64,038 shares of common stock of the Issuer, of which 13,575 shares are held by the Schwimmer Family Irrevocable Trust (the "Family Trust") of which the Reporting Person is a trustee. The Reporting Person disclaims beneficial ownership of the common stock held by the Family Trust, except to the extent of his pecuniary interest therein. |
| F6 | Represents 7,275 OP Units held by the Schwimmer Living Trust dated December 14, 2001, for which the Reporting Person is a trustee, and 42,002 OP Units held by the Family Trust, for which the Reporting Person is a trustee. The Reporting Person disclaims beneficial ownership of such OP Units, except to the extent of his pecuniary interest therein. |