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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction 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 (Month/Day/Year) |
7. Title and Amount of Underlying Securities (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) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Stock Option (Right to Buy (4) | $ 11.89 | 03/02/2011 | A | 8,356 | (5) | 03/02/2021 | Common Shares of Beneficial Interest | 8,356 | $ 0 | 8,356 | D | ||||
Performance Shares | $ 0 | 03/02/2011 | A | 1,846 | (6) | (6) | Common Shares of Beneficial Interest | 1,846 | $ 0 | 1,846 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Mainardi Gabriel J 555 EAST LANCASTER AVENUE SUITE 100 RADNOR, PA 19087 |
Vice President-Treasurer |
/s/ Brad A. Molotsky, as Attorney-In-Fact for Gabriel J. Mainardi | 03/04/2011 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Reflects the grant of a restricted share award which cliff vests on April 15, 2014. |
(2) | This filing also reports in the ending balance of shares owned the sum of 425.43 additional common shares acquired under the Company's Employee Share Purchase Plan (ESPP) plus the sum of 179.73 common shares acquired under the Company's Dividend Reinvestment Plan (DRIP).The ESPP and the DRIP shares were purchased following the Reporting Person's last Section 16 filing. Under the ESPP 235.89 shares were acquired on June 7, 2010 at a transaction price of $10.45 per share, 98.41 shares were acquired on September 13, 2010 at a transaction price of $9.40 and 91.13 shares were acquired on December 7, 2010 at a transaction price of $10.15. |
(3) | Under the DRIP 37.76 shares were acquired on April 22, 2010 at a transaction price of $12.40 per share, 48.93 shares were acquired on July 23, 2010 at a transaction price of $10.41 per share, 43.34 shares were acquired on October 21, 2010 at a transaction price of $12.26 per share and 49.70 shares were acquired on January 25, 2011 at a transaction price of $11.10 per share. The ESPP and the DRIP provide for the purchase of fractional shares. The numbers reported herein are to the nearest whole number. |
(4) | Options received as employment compensation. |
(5) | The options vest in three equal annual installments beginning on March 2, 2012. |
(6) | Reflects the reporting person's receipt of an award under the Brandywine Realty Trust (BDN) 2011-2013 Restricted Performance Share Unit Program (the Program), a copy of which BDN is filing as an exhibit to a Current Report on Form 8-K. The award represents a contingent right to receive the number of BDN common shares reported in Table II (subject to increases or decreases as provided for in the Program) that may be issued to the reporting person under the Program if BDN's total return to shareholders during the measurement period established under the Program meets or exceeds specified targets and if the reporting person satisfies the vesting conditions applicable to his award. The number of BDN common shares, if any, that the reporting person would receive on account of his award will depend on the extent to which BDN meets or exceeds the performance targets, the payment of common share dividends and the reporting person's achievement of the vesting conditions applicable to his award. |