Statement of Changes in Beneficial Ownership (4)
26 February 2021 - 10:03AM
Edgar (US Regulatory)
FORM 4
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Bartolotta Michael J. |
2. Issuer Name and Ticker or Trading Symbol
VEREIT, Inc.
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VER
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) See Remarks |
(Last)
(First)
(Middle)
C/O VEREIT, INC., 2325 E. CAMELBACK ROAD, 9TH FLOOR |
3. Date of Earliest Transaction
(MM/DD/YYYY)
2/23/2021 |
(Street)
PHOENIX, AZ 85016
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock | 2/23/2021 | | F | | 1603 (1) | D | $38.33 (2) | 102190 | D | |
Common Stock | 2/23/2021 | | F | | 1645 (3) | D | $38.33 (2) | 100545 | D | |
Common Stock | 2/23/2021 | | F | | 1324 (4) | D | $38.33 (2) | 99221 | D | |
Common Stock | 2/23/2021 | | A | | 18263 (5) | A | $38.33 (2) | 117484 | D | |
Common Stock | 2/23/2021 | | A | | 18262 (6) | A | $38.33 (2) | 135746 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Explanation of Responses: |
(1) | Reflects the product of the applicable withholding rate and the 5,440 shares of common stock that vested pursuant to the terms of the Reporting Person's restricted stock unit award agreement. |
(2) | Reflects the closing sale price of the Issuer's common stock as reported on the New York Stock Exchange on February 23, 2021. |
(3) | Reflects the product of the applicable withholding rate and the 4,493 shares of common stock that vested pursuant to the terms of the Reporting Person's restricted stock unit award agreement. |
(4) | Reflects the product of the applicable withholding rate and the 4,495 shares of common stock that vested pursuant to the terms of the Reporting Person's restricted stock unit award agreement. |
(5) | Reflects restricted stock units awarded February 23, 2021 to the Reporting Person pursuant to the Issuer's Equity Plan. Such restricted stock units vest ratably on each of the first, second and third anniversaries of February 23, 2021. |
(6) | Reflects performance-based restricted stock units awarded February 23, 2021 to the Reporting Person pursuant to the Issuer's Equity Plan. Such restricted stock units will vest subject to the achievement of certain performance conditions, which are based on the Issuer's total stockholder return relative to its peers and FTSE Nareit All Equity REITs Index. The performance period began January 1, 2021 and ends December 31, 2023. |
Remarks: Executive Vice President and Chief Financial Officer Exhibit 24.0 - Power of Attorney |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Bartolotta Michael J. C/O VEREIT, INC. 2325 E. CAMELBACK ROAD, 9TH FLOOR PHOENIX, AZ 85016 |
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| See Remarks |
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Signatures
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/s/ Bianca A. Martinez, by power of attorney | | 2/25/2021 |
**Signature of Reporting Person | Date |
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