Filing Details

Accession Number:
0001415889-23-013311
Form Type:
4
Zero Holdings:
No
Publication Time:
2023-09-15 18:34:46
Reporting Period:
2023-09-13
Accepted Time:
2023-09-15 18:34:46
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1479094 Stag Industrial Inc. STAG Real Estate Investment Trusts (6798) 273099608
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1517406 S Benjamin Butcher C/O Stag Industrial, Inc.
One Federal Street, 23Rd Floor
Boston MA 02110
No No No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2023-09-13 35,000 $0.00 42,088 No 4 C Direct
Common Stock Disposition 2023-09-13 3,150 $36.45 38,938 No 4 S Direct
Common Stock Disposition 2023-09-14 31,850 $36.71 7,088 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 C Direct
No 4 S Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock, Par Value $0.01 Per Share LTIP Units Disposition 2023-09-13 35,000 $0.00 35,000 $0.00
Common Stock, Par Value $0.01 Per Share Partnership Units Acquisiton 2023-09-13 35,000 $0.00 35,000 $0.00
Common Stock, Par Value $0.01 Per Share Partnership Units Disposition 2023-09-13 35,000 $0.00 35,000 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
805,215 No 4 C Direct
44,320 No 4 C Direct
9,320 No 4 C Direct
Footnotes
  1. On September 13, 2023, the reporting person converted a total of 35,000 long-term incentive plan units ("LTIP Units") of STAG Industrial Operating Partnership, L.P., a Delaware limited partnership (the "Operating Partnership"), of which STAG Industrial, Inc., a Maryland corporation (the "Issuer"), is the sole member of the general partner, into 35,000 common units of limited partnership of the Operating Partnership ("OP Units") and redeemed 35,000 OP Units. The LTIP Units are convertible into OP Units as they are non-forfeitable and certain conditions to parity have been satisfied. The OP Units held by the reporting person are redeemable for cash equal to the current market value of one share of the Issuer's common stock or, at the Issuer's election, for shares of the Issuer's common stock on a one-for-one basis. The Issuer elected to redeem the reporting person's OP Units with common stock.
  2. This represents the weighted average sales price. On September 13, 2023, sales prices ranged from $36.44 to $36.46. On September 14, 2023, sales prices ranged from $36.41 to $36.88. Upon request by the Securities and Exchange Commission, the Issuer or a stockholder of the Issuer, the reporting person will provide full information regarding the number of shares sold at each separate price.
  3. Represents LTIP Units granted to the reporting person pursuant to the Issuer's 2011 Equity Incentive Plan, as amended. Over time, the LTIP Units can achieve full parity with OP Units for all purposes. If such parity is reached, non-forfeitable LTIP Units may be converted into OP Units and then may be redeemed for cash equal to the then-current market value of one share of the Issuer's common stock or, at the Issuer's election, for shares of the Issuer's common stock on a one-for-one basis. LTIP Units do not have an expiration date.
  4. Represents OP Units in the Operating Partnership. OP Units may be redeemed for cash equal to the then-current market value of one share of the Issuer's common stock or, at the Issuer's election, for shares of the Issuer's common stock on a one-for-one basis. The OP Units are vested as of the date of issuance and have no expiration date.