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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (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) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Partnership Units (1) | (1) | 09/10/2012 | J(2) | 266,800 | 04/20/2012(3) | (3) | Common Stock, par value $0.01 per share | 266,800 | (4) | 242,636 (5) | I | as managing member (5) | |||
Partnership Units (1) | (1) | 09/10/2012 | J(6) | 79,242 | 04/20/2012(3) | (3) | Common Stock, par value $0.01 per share | 79,242 | (4) | 88,562 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Butcher Benjamin S C/O STAG INDUSTRIAL, INC. 99 HIGH STREET, 28TH FLOOR BOSTON, MA 02110 |
X | Chairman, CEO and President |
/s/ Kathryn Arnone, Attorney-in-Fact | 09/11/2012 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | This represents common units of limited partnership interests ("OP Units") in STAG Industrial Operating Partnership, L.P.; a Delaware limited partnership ("Operating Partnership"). Beginning April 20, 2012 the OP Units are deemable for cash equal to the then current market value of one share of STAG Industrial, Inc. (the "Issuer") stock or, at the election of the Issuer, for the shares of the Issuer's common stock on a one-for-one basis. |
(2) | The reporting person distributed certain of the OP Units that had been attributed to the reporting person solely in his role as the controlling member of the STAG Investments IV, LLC, one of the Contributors to the Issuer as part of the Issuer's formation transactions. The OP Unit noted have been distributed to the members of the STAG Investments IV, LLC who are unrelated parties to the Issuer and the reporting person. |
(3) | The OP Units are vested as of the date of issuance, April 20, 2012, and have no expiration date. |
(4) | The OP Units were distributed in accordance with the membership interest percentage owned by the members of the STAG Investments IV, LLC and STAG GI Investments, LLC, irrespective of the price of Issuer's stock. |
(5) | This amount includes (a) 230769 OP Units held directly by STAG Investments III, LLC, for which the reporting person is the controlling member, (b) 5,252 OP Units held directly by STAG III Employees, LLC, for which an affiliate of the reporting person is the manager, and (c) 6,615 OP Units held directly by Net Lease Aggregation Funds, LLC and BSB STAG III, LLC, for which the reporting person is the managing member. The reporting person disclaims any beneficial ownership of such OP Units except to the extent of his pecuniary interest. |
(6) | The OP Units were issued to the reporting person as a distribution from STAG Investments IV, LLC and STAG GI Investments, LLC, contributors to the Issuer's formation transactions. |