0001209191-22-005160.txt : 20220127
0001209191-22-005160.hdr.sgml : 20220127
20220127115906
ACCESSION NUMBER: 0001209191-22-005160
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20220125
FILED AS OF DATE: 20220127
DATE AS OF CHANGE: 20220127
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Farrar James Thomas
CENTRAL INDEX KEY: 0001605307
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36409
FILM NUMBER: 22561843
MAIL ADDRESS:
STREET 1: 1075 WEST GEORGIA STREET, SUITE 2600
CITY: VANCOUVER
STATE: A1
ZIP: V6E 3C9
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: City Office REIT, Inc.
CENTRAL INDEX KEY: 0001593222
STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798]
IRS NUMBER: 981141883
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: SUITE 3210 - 666 BURRARD STREET
CITY: VANCOUVER
STATE: A1
ZIP: V6C 2X8
BUSINESS PHONE: 1-604-806-3353
MAIL ADDRESS:
STREET 1: SUITE 3210 - 666 BURRARD STREET
CITY: VANCOUVER
STATE: A1
ZIP: V6C 2X8
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2022-01-25
0
0001593222
City Office REIT, Inc.
CIO
0001605307
Farrar James Thomas
666 BURRARD STREET, SUITE 3210
VANCOUVER
A1
V6C 2X8
BRITISH COLUMBIA, CANADA
1
1
0
0
Chief Executive Officer
Restricted Stock Units
2022-01-25
4
A
0
1153
A
Common Stock
1153
102277
D
Restricted Stock Units
2022-01-25
4
A
0
74312
A
Common Stock
74312
176589
D
Performance Restricted Stock Units
2022-01-25
4
A
0
37500
A
Common Stock
37500
127500
D
In accordance with the Company's Equity Incentive Plan (the "Equity Incentive Plan"), Restricted Stock Units (as defined in the Equity Incentive Plan) convert into common stock on a one-for-one basis.
The units represent Restricted Stock Units issuable to the reporting person as a dividend equivalency payment with respect to Restricted Stock Units previously issued to the reporting person which vest in three substantially equal installments on each of the first three annual anniversaries of the initial grant date, generally subject to the reporting person's continued service through each applicable vesting date. The Restricted Stock Units reported herein shall vest on the same date and under the same terms as the underlying Restricted Stock Units with respect of which these dividend equivalency units vest.
Vested shares will be delivered to the reporting person promptly upon vesting of the related restricted stock units.
In accordance with the Equity Incentive Plan, the Restricted Stock Units (and related dividend equivalent rights) shall vest in three substantially equal installments on each of the first three annual anniversaries of their initial grant date, generally subject to the grantee's continued employment through each applicable vesting date.
On January 25, 2022, the reporting person was granted 37,500 Performance Restricted Stock Units. Pursuant to the terms of the award agreement governing the Performance Restricted Stock Units, the number of underlying shares of the Company's common stock that the reporting person may ultimately become entitled to receive at the time of vesting will range from 50% to 150% of the number of Performance Restricted Stock Units initially granted, subject to certain relative total stockholder return conditions being met during the measurement period that begins on January 1, 2022 and ends on December 31, 2024. Dividend equivalent rights accrue with respect to these Performance Restricted Stock Units when and as dividends are paid on the Company's common stock.
/s/ James Farrar
2022-01-27