ITEM 3.02 UNREGISTERED SALES OF EQUITY SECURITIES.
The second paragraph under "Quarterly Payment of Certain Salaries in Equity" in Item 3.02 of the Original Form 8-K is amended and restated in its entirety as follows:
1. On
Mr. Kamfar , 13,174 LTIP Units in payment of 98.0% of the portion of the Base Salary payable toMr. Kamfar for the period fromJanuary 1, 2021 throughMarch 31, 2021 , and (b) toMr. Ruddy , 6,509 LTIP Units in payment of 83.0% of the portion of the Base Salary payable toMr. Ruddy for such period; in each case, as a grant of equity incentive compensation under the Company's Fourth Amended and Restated 2014 Equity Incentive Plan for Individuals (the "Plan") in the form of LTIP Units, with the remainder, in each case, payable in cash. The number of LTIP Units granted to each ofMr. Kamfar andMr. Ruddy on the Q1 LTIP Date of Grant was determined by dividing the dollar value of each such grant by the volume-weighted average closing price per share of Class A Common Stock for the twenty (20) trading days preceding the Q1 LTIP Date of Grant. Each such grant to each of Messrs. Kamfar and Ruddy was evidenced by an LTIP Unit Vesting Agreement. Each LTIP Unit so granted will become vested and nonforfeitable on the first anniversary of the Q1 LTIP Date of Grant, and was issued in accordance with, and will be subject to, the terms of the Plan.
The information set forth in this Form 8-K/A supersedes and replaces the information set forth in the Original Form 8-K only as indicated above, and does not amend or otherwise update any other information in the Original Form 8-K. Accordingly, this Form 8-K/A should be read in conjunction with the Original Form 8-K.
ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS
The information set forth above under Item 3.02 of this report is hereby incorporated by reference into this Item 5.02.
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