ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for charts Register for streaming realtime charts, analysis tools, and prices.

WPG-I Washington Prime Group Inc

4.64
0.00 (0.00%)
19 Jul 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Washington Prime Group Inc NYSE:WPG-I NYSE Preference Share
  Price Change % Change Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 4.64 0 01:00:00

Statement of Changes in Beneficial Ownership (4)

05/04/2021 9:59pm

Edgar (US Regulatory)


FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5                       
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Gerber Stephan
2. Issuer Name and Ticker or Trading Symbol

WASHINGTON PRIME GROUP INC. [ WPG ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
SVP, Head of Property Mgmt.
(Last)          (First)          (Middle)

C/O WASHINGTON PRIME GROUP INC., 180 EAST BROAD STREET
3. Date of Earliest Transaction (MM/DD/YYYY)

4/4/2021
(Street)

COLUMBUS, OH 43215
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units (1) (2)4/4/2021  M     85 (3)  (2) (2). (2) (2)$0 0 D  

Explanation of Responses:
(1) Restricted stock units ("RSUs") were awarded (the "Original Award") to the Reporting Person on April 4, 2018 (the "Grant Date").
(2) Represent the final tranche of the Original Award that vested on the third annual anniversary of the Grant Date. Terms of the Original Award provided that vested RSUs would be converted on a one-for-one basis to common stock of the Issuer; however, the Compensation Committee of the Issuer's Board of Directors (the "Committee") approved a change in the terms of the Original Award permitting the Company to pay the Reporting Person the cash equivalent for the vesting RSUs reported herein. As approved and authorized by the Committee, the amount the Company pays to the Reporting Person shall be equal to the closing market price of the Issuer's common shares on the New York Stock Exchange on April 5, 2021 multiplied by the number of RSUs vesting as reported herein.
(3) The original grant was for 2,313 RSUs, but was adjusted to 257 RSUs following the Issuer's one (1) for nine (9) reverse stock split (the "Split") that became effective on December 22, 2020. The Split impacted the Issuer's common shares and securities convertible or exercisable into Issuer's common shares. At the time of the Split, only 85 RSUs of this Original Award remained outstanding and unvested.

Remarks:
This Form 4 is executed pursuant to the Limited Power of Attorney filed as Exhibit 24 to a Form 3 filed on February 15, 2019.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Gerber Stephan
C/O WASHINGTON PRIME GROUP INC.
180 EAST BROAD STREET
COLUMBUS, OH 43215


SVP, Head of Property Mgmt.

Signatures
/s/ Stephen E. Ifeduba , as attorney-in-fact4/5/2021
**Signature of Reporting PersonDate

1 Year Washington Prime Chart

1 Year Washington Prime Chart

1 Month Washington Prime Chart

1 Month Washington Prime Chart