Filing Details

Accession Number:
0000950170-24-087368
Form Type:
4
Zero Holdings:
No
Publication Time:
2024-07-29 17:20:47
Reporting Period:
2024-07-26
Accepted Time:
2024-07-29 17:20:47
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1868159 Lineage Inc. LINE Real Estate Investment Trusts (6798) 000000000
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
2018532 Alvarez Jeffrey Rivera C/O Lineage, Inc.
46500 Humboldt Drive
Novi MI 48377
See Remarks 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 2024-07-26 8,224 $0.00 8,224 No 4 A Direct
Common Stock Disposition 2024-07-26 3,418 $78.00 4,806 No 4 F Direct
Common Stock Acquisiton 2024-07-26 600 $78.00 5,406 No 4 P Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 A Direct
No 4 F Direct
No 4 P Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock LTIP Units Acquisiton 2024-07-26 96,483 $0.00 96,483 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
96,483 No 4 A Direct
Footnotes
  1. Represents the grant of shares of common stock ("Shares") awarded in connection with the Issuer's initial public offering.
  2. Represents the purchase of Shares from the underwriters in the Issuer's initial public offering.
  3. Represents the grant of time-based units of partnership interest in Lineage OP, LP (the "Operating Partnership") designated as LTIP Units ("LTIP Units") under the Agreement of Limited Partnership of the Operating Partnership dated as of July 24, 2024 (the "Partnership Agreement"). The LTIP Units vest in equal annual installment as to 1/3 of the LTIP Units on each of April 1, 2025, 2026 and 2027, subject to continued service with the Issuer through such dates. Subject to achieving certain capital account balances, each vested LTIP Unit may be converted, at the election of the holder, on a one-for-one basis to Partnership Common Units ("Partnership Common Units"),
  4. (Continued from footnote 3) which are units of partnership interest in the Operating Partnership, as designated under the Partnership Agreement. Holders of Partnership Common Units acquired from the conversion of LTIP Units have the right to redeem their Partnership Common Units in exchange for cash or, at the election of the Issuer, Shares, on a one-for-one basis (subject to certain adjustments), provided at least 18 months have passed since the LTIP Units were granted. LTIP Units and Partnership Common Units do not have expiration dates.