Jeffrey Busch - 26 May 2021 Form 4 Insider Report for Global Medical REIT Inc. (GMRE)

Role
Chairman, President and CEO, Director
Signature
/s/ Jeffrey Busch
Issuer symbol
GMRE
Transactions as of
26 May 2021
Transactions value $
$0
Form type
4
Filing time
28 May 2021, 16:36:00 UTC
Next filing
20 Aug 2021
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction GMRE LTIP Unit (Right to Buy) Award $0 +8,890 +1.74% $0 519,432 26 May 2021 Common Stock 8,890 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents units of limited partnership interest ("LTIP Units") in Global Medical REIT L.P. (the "OP"), the operating partnership of the Issuer. All of the LTIP Units vest on March 3, 2024, subject to the Reporting Person's continued employment on such date. The LTIP Units were awarded pursuant to an LTIP Unit vesting agreement, the form of which was filed as Exhibit 10.3 to the Issuer's Quarterly Report on Form 10-Q filed on May 7, 2021. The LTIP Units were issued pursuant to the Issuer's 2016 Equity Incentive Plan (as amended from time to time) and have no expiration date.
F2 As described in the OP's partnership agreement, vested LTIP Units that have achieved capital account parity may be exchanged at any time after vesting for cash or, at the election of the Issuer, for shares of Common Stock on a one-for-one basis. LTIP Units have no expiration date.