0001209191-18-063379.txt : 20181218
0001209191-18-063379.hdr.sgml : 20181218
20181218214213
ACCESSION NUMBER: 0001209191-18-063379
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20181214
FILED AS OF DATE: 20181218
DATE AS OF CHANGE: 20181218
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Frankel Michael S.
CENTRAL INDEX KEY: 0001581342
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36008
FILM NUMBER: 181242099
MAIL ADDRESS:
STREET 1: 11620 WILSHIRE BOULEVARD, SUITE 300
CITY: LOS ANGELES
STATE: CA
ZIP: 90025
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Rexford Industrial Realty, Inc.
CENTRAL INDEX KEY: 0001571283
STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798]
IRS NUMBER: 462024407
STATE OF INCORPORATION: MD
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 11620 WILSHIRE BOULEVARD, SUITE 1000
CITY: LOS ANGELES
STATE: CA
ZIP: 90025
BUSINESS PHONE: 310-966-1680
MAIL ADDRESS:
STREET 1: 11620 WILSHIRE BOULEVARD, SUITE 1000
CITY: LOS ANGELES
STATE: CA
ZIP: 90025
FORMER COMPANY:
FORMER CONFORMED NAME: Rexford Industrial, Inc.
DATE OF NAME CHANGE: 20130305
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2018-12-14
0
0001571283
Rexford Industrial Realty, Inc.
REXR
0001581342
Frankel Michael S.
11620 WILSHIRE BOULEVARD
SUITE 1000
LOS ANGELES
CA
90025
1
1
0
0
Co-CEO, Co-President
Performance Units
2018-12-14
4
A
0
131618
A
Common Stock, par value $0.01
131618
131618
D
LTIP Units
2018-12-15
4
A
0
47740
A
Common Stock, par value $0.01
47740
221332
D
Performance Units are a class of limited partnership units in Rexford Industrial Realty, L.P., the operating partnership of the Issuer (the "Operating Partnership"). Initially, the Performance Units do not have full parity with common limited partnership units of the Operating Partnership ("OP Units") with respect to liquidating distributions. However, upon the occurrence of certain events described in the Operating Partnership's partnership agreement, the Performance Units can over time achieve full parity with the OP Units for all purposes. If such parity is reached, vested Performance Units may be converted into an equal number of OP Units on a one for one basis at any time at the request of the Reporting Person or the general partner of the Operating Partnership. OP Units are redeemable by the holder for an equivalent number of shares of the Issuer's common stock or for the cash value of such shares, at the Issuer's election.
Reflects an award of Performance Units that was initially granted on December 15, 2015, pursuant to the Rexford Industrial Realty, Inc. and Rexford Industrial Realty, L.P 2013 Incentive Award Plan, that was subject to performance-based vesting conditions. On December 14, 2018, the measurement period for the performance award ended and 131,618 Performance Units vested. The number of vested Performance Units reported herein includes 8,114 distribution equivalent units. The vested Performance Units are nonforfeitable as of December 14, 2018.
LTIP Units are a class of limited partnership units in the Operating Partnership. Initially, the LTIP Units do not have full parity with OP Units with respect to liquidating distributions. However, upon the occurrence of certain events described in the Operating Partnership's partnership agreement, the LTIP Units can over time achieve full parity with the OP Units for all purposes. If such parity is reached, vested LTIP Units may be converted into an equal number of OP Units on a one for one basis at any time at the request of the Reporting Person or the general partner of the Operating Partnership. OP Units are redeemable by the holder for an equivalent number of shares of the Issuer's common stock or for the cash value of such shares, at the Issuer's election.
The LTIP Units issued pursuant to the Amended and Restated Rexford Industrial Realty, Inc. and Rexford Industrial Realty, L.P. 2013 Incentive Award Plan will vest 1/3 in equal installments on December 15 of 2019, 2020 and 2021, subject to earlier vesting upon certain terminations of the Reporting Person's employment or a change of control of the Issuer, in each case as described in the award agreement.
/s/ Michael S. Frankel
2018-12-18