Form Type: 4

SEC EDGAR Link
Accession Number:0001209191-21-021558
Date:2021-03-15
Issuer: CORESITE REALTY CORP (COR)
Original Submission Date:

Reporting Person:

SMITH STEVEN JAMES
C/O CORESITE REALTY CORPORATION
1001 17TH STREET, SUITE 500 DENVER, CO 80202

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
COMMON STOCK 2021-03-15 A 6,302 a $0.00 47,215 direct
COMMON STOCK 2021-03-15 A 7,351 a $0.00 54,566 direct
COMMON STOCK 2021-03-16 S 2,417 d $118.21 52,149 direct
COMMON STOCK 2021-03-16 S 501 d $118.94 51,648 direct
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
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 ExercisableExpiration 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
Footnotes
IDfootnote
f1 represents restricted stock granted under the issuer's amended and restated 2010 equity incentive award plan (the "2010 plan"). the restricted stock vests in three equal annual installments beginning on march 15, 2022, provided that the reporting person remains in continuous service with the issuer as of each vesting date.
f2 represents performance-based restricted shares ("psas") granted under the 2010 plan. the number of psas earned is based on the issuer's achievement of relative total shareholder return ("tsr") measured versus the msci us reit index over a three-year performance period ending december 31, 2023, and the number of shares earned may range from 25% to 175%. the psas are earned as follows: (i) 20% of the psas are earned upon tsr achievement in year one of the performance period, (ii) 20% of the psas are earned upon tsr achievement in year two of the performance period, (iii) 20% of the psas are earned upon tsr achievement in year three of the performance period, and (iv) 40% of the psas are earned upon a cumulative tsr achievement over the three-year performance period, subject to the reporting person's continued service with the issuer at the end of the three-year performance period. the psas are granted and issued at 175% of the target amount.
f3 the shares were sold pursuant to a sales plan adopted by the reporting person and intended to comply with rule 10b5-1 under the securities exchange act of 1934.
f4 represents shares sold by the reporting person to cover tax obligations upon the vesting of restricted stock.
f5 the price reported in column 4 is a weighted average price. the shares were sold in multiple transactions at prices ranging from $117.65 to $118.64, inclusive. the reporting person undertakes to provide to the issuer, any shareholder of the issuer, or the staff of the securities and exchange commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes 5 and 6.
f6 the price reported in column 4 is a weighted average price. the shares were sold in multiple transactions at prices ranging from $118.655 to $119.540, inclusive.
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