Accession Number: | 0000049600-20-000033 |
Date: | 2020-02-13 |
Issuer: | EASTGROUP PROPERTIES INC (EGP) |
Original Submission Date: |
LOEB MARSHALL A
400 W. PARKWAY PLACE
SUITE 100
RIDGELAND, MS 39157
Title of Security | Transaction Date | 2a. Deemed Execution Date | Transaction Code | Shares | Acquired or Disposed | Price per share | 5. Amount of Securities Beneficially Owned Following Reported Transaction | 6. Ownership Form Direct or Indirect | Nature of Indirect Ownership |
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COMMON STOCK | 2020-02-13 | A | 8,887 | a | $0.00 | 72,470 | direct | ||
COMMON STOCK | 2020-02-13 | A | 13,429 | a | $0.00 | 85,899 | direct | ||
COMMON STOCK | 2020-02-13 | F | 4,638 | d | $141.63 | 81,261 | direct | ||
COMMON STOCK | 2020-02-13 | 0 | $0.00 | 278 | indirect | f4 |
Title of Derivative Security | Conversion or Exercise Price of Derivative Security | Transaction Date | Deemed Execution Date | Transaction Code | Number of Derivative Securities Acquired (A) or Disposed of (D) | Date Exercisable | Expiration Date | Title and Amount of Securities Underlying Derivative Security | Price of Derivative Security | Number of derivative Securities Beneficially Owned Following Reported Transaction(s) | Ownership Form: Direct (D) or Indirect (I) | Nature of Indirect Beneficial Ownership |
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ID | footnote |
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f1 | issuance of restricted shares upon the satisfaction of the performance goals in connection with the 2017 long-term incentive program. these restricted shares were awarded pursuant to the issuer's 2013 equity incentive plan, as amended, and vest three-fourths on the performance goal certification date (february 13, 2020) and one-fourth on january 1, 2021. |
f2 | issuance of restricted shares upon the satisfaction of the performance goals in connection with the 2019 annual incentive program. these restricted shares were awarded pursuant to the issuer's 2013 equity incentive plan, as amended, and vest one-fifth on the performance goal certification date (february 13, 2020) and one-fifth on each of january 1, 2021, 2022, 2023 and 2024. |
f3 | on february 13, 2020, 10,457 restricted shares vested and the reporting person instructed the issuer to withhold 4,638 shares to cover tax withholding obligations as permitted under the issuer's 2013 equity incentive plan, as amended. |
f4 | shares are held by the loeb family foundation. neither marshall loeb nor any member of his family has any pecuniary interest in the shares held by the loeb family foundation. |