Filing Details
- Accession Number:
- 0001179110-12-016731
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2012-12-03 16:03:16
- Reporting Period:
- 2012-11-29
- Filing Date:
- 2012-12-03
- Accepted Time:
- 2012-12-03 16:03:16
- 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. 99 High Street, 28Th Floor Boston MA 02110 | Chairman, Ceo And President | Yes | Yes | 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 | 2012-11-29 | 230,769 | $0.00 | 230,769 | No | 4 | C | Indirect | as managing member |
Common Stock | Disposition | 2012-11-29 | 230,769 | $18.57 | 0 | No | 4 | S | Indirect | as managing member |
Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|
No | 4 | C | Indirect | as managing member |
No | 4 | S | Indirect | as managing member |
Reported Derivative Transactions
Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
---|---|---|---|---|---|---|---|
Common Stock, Par Value $0.01 Per Share | Partnership Units | Disposition | 2012-11-29 | 230,769 | $0.00 | 230,768 | $0.00 |
Common Stock, Par Value $0.01 Per Share | Partnership Units | Disposition | 2012-11-30 | 5,252 | $0.00 | 5,252 | $0.00 |
Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
---|---|---|---|---|---|---|
11,867 | 2012-04-20 | No | 4 | C | Indirect | |
6,615 | 2012-04-20 | No | 4 | J | Indirect |
Reported Non-Derivative Holdings
Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
---|---|---|---|
Common Stock | 93,042 | Direct |
Reported Derivative Holdings
Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
---|---|---|---|---|---|---|---|
Common Stock, Par Value $0.01 Per Share | Partnership Units | $0.00 | 9,320 | 9,320 | Direct |
Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
---|---|---|---|
9,320 | 9,320 | Direct |
Footnotes
- The reporting person, as managing member of STAG Investments III, LLC, redeemed 230,769 common units of limited partnership interests ("OP Units") in STAG Industrial Operating Partnership, L.P., a Delaware limited partnership ("Operating Partnership"), of which STAG Industrial, Inc., a Maryland corporation ("Issuer"), is the sole member of the general partner. The OP Units are redeemable for cash equal to the current market value of one share of the Issuer's common stock or, at the election of the Issuer, 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. The OP Units have no expiration date.
- The reporting person's interest in the shares of common stock and OP Units relates to the reporting person being the managing member of STAG Investments III, LLC. The reporting person disclaims any beneficial ownership of such shares of common stock and OP Units except to the extent of his pecuniary interest.
- The reporting person acknowledges that the sale of the 230,769 shares of common stock at a price of $18.57 per share reported herein is matchable under Section 16(b) of the Securities Exchange Act of 1934, as amended, to the extent of 500 shares, with his purchase of 500 shares of common stock on November 16, 2012 for a purchase price of $16.39 per share, notwithstanding his indirect ownership of the 230,769 shares of common stock as managing member of STAG Investments III, LLC and his direct ownership of the 500 shares of common stock. The reporting person paid the Issuer, contemporaneously with the sale of the 230,769 shares of common stock, $1,090, representing the full amount of profit realized in connection with the short-swing transaction.
- The OP Units are vested as of the date of issuance and have no expiration date.
- The OP Units are redeemable for cash equal to the current market value of one share of the Issuer's common stock or, at the election of the Issuer, for shares of the Issuer's common stock on a one-for-one basis.
- This amount includes (a) 5,252 OP Units held directly by STAG III Employees, LLC, for which an affiliate of the reporting person is the manager, and (b) 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.
- This represents OP units in the Operating Partnership. The OP Units are redeemable for cash equal to the then current market value of one share of common stock of the Issuer or, at the Issuer's election, for one share of the Issuer's common stock.
- The reporting person distributed certain of the OP Units that had been attributed to the reporting person solely in his role as the controlling person of STAG III Employees, LLC, one of the contributors to the Issuer as part of the Issuer's formation transactions. The OP Units have been distributed to the members of STAG III Employeees, LLC in accordance with their respective ownership percentages in STAG III Employees, LLC, irrespective of the price of Issuer's stock.
- This amount includes 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.