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Filing Details

Accession Number:: 0001179110-20-000518
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2020-01-10 19:05:10
Reporting Period:: 2020-01-08

Accepted Time:: 2020-01-10 19:05:10
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
1517397	C Stephen Mecke	C/O Stag Industrial, Inc. One Federal Street, 23Rd Floor Boston MA 02110	Coo And Evp	No	Yes	No	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2020-01-08	44,549	$0.00	46,549	No	4	C	Direct
Common Stock	Acquisiton	2020-01-08	12,360	$0.00	58,909	No	4	A	Direct
Common Stock	Disposition	2020-01-08	5,697	$31.43	53,212	No	4	F	Direct
Common Stock	Disposition	2020-01-08	51,212	$31.32	2,000	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	C	Direct
No	4	A	Direct
No	4	F	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock, Par Value $0.01 Per Share	LTIP Units	Disposition	2020-01-08	44,549	$0.00	44,549	$0.00
Common Stock, Par Value $0.01 Per Share	Partnership Units	Acquisiton	2020-01-08	44,549	$0.00	44,549	$0.00
Common Stock, Par Value $0.01 Per Share	Partnership Units	Disposition	2020-01-08	44,549	$0.00	44,549	$0.00
Common Stock, Par Value $0.01 Per Share	LTIP Units	Acquisiton	2020-01-08	14,252	$0.00	14,252	$0.00
Common Stock, Par Value $0.01 Per Share	LTIP Units	Acquisiton	2020-01-08	7,315	$0.00	7,315	$0.00

Remaning Holdings	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
231,614	No	4	C	Direct
44,549	No	4	C	Direct
0	No	4	C	Direct
245,866	No	4	A	Direct
253,181	No	4	A	Direct

Footnotes

The reporting person converted 44,549 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 44,549 common units of limited partnership of the Operating Partnership ("OP Units") and redeemed 44,549 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.
The LTIP Units were converted, the OP Units were redeemed and the shares were sold pursuant to an approved Rule 10b5-1 Trading Plan entered into by the reporting person on December 9, 2019 in compliance with the Rule 10b5-1 Guidelines adopted by the Board of Directors of the Issuer (the "Board").
This represents the weighted average sales price. Sales prices range from $31.09 to $31.52. Upon request by the Securities and Exchange Commission (the "SEC"), 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.
Represents the number of shares of common stock earned as of December 31, 2019 under the performance unit award made in January 2017.
The shares of common stock and LTIP Units were granted to the reporting person by the Board. The shares of common stock and LTIP Units were earned by the reporting person based on a performance unit award made in March 2016 pursuant to the Issuer's 2011 Equity Incentive Plan, as amended (the "Equity Incentive Plan"). The reporting person earned 166% of the target number of performance units over a three-year performance period. The Compensation Committee of the Board determined the number of shares of common stock and LTIP Units earned on January 8, 2020. The shares of common stock are fully vested as of the date of issuance. The LTIP Units are subject to forfeiture until December 31, 2020. For more information on the terms of the performance unit award, please see the Issuer's definitive proxy statement filed with the SEC.
Represents LTIP Units granted to the reporting person pursuant to the Issuer's Equity Incentive Plan. 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.
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.
The LTIP Units were granted to the reporting person on January 8, 2020 pursuant to the Equity Incentive Plan. The LTIP Units vest on a quarterly basis over a four-year period.
Represents the number of LTIP Units earned as of December 31, 2019 under the performance unit award made in January 2017.