HAGAN MICHAEL T (Chief Investment Officer) exercised options at LIBERTY PROPERTY TRUST

Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.

M · 5 exercises

HAGAN MICHAEL T

Filed: 12/26/2019ACC: 0001209191-19-061864

InsiderHAGAN MICHAEL TCIK 1328396

→

IssuerLIBERTY PROPERTY TRUSTCIK 921112

Officer· Chief Investment Officer

Since Feb 2019

0.00

Net shares

Net seller

$569.9K

Total acquired

Open market trades

0B · 0S

Total transactions

15.67K acquired · 15.67K disposed

Non-Derivative Transactions5

Common Shares of Beneficial Interest ($0.001 par value)

Direct

M · Option Exercise

+2.96K

Price / share

$33.77

Trade value

$99.99K

% of position

1.6%

12/23/2019

183.72K→186.68K

Common Shares of Beneficial Interest ($0.001 par value)

Direct

M · Option Exercise

+2.89K

Price / share

$34.56

Trade value

$99.98K

% of position

1.5%

12/23/2019

186.68K→189.57K

Common Shares of Beneficial Interest ($0.001 par value)

Direct

M · Option Exercise

+4.29K

Price / share

$39.59

Trade value

$169.96K

% of position

2.3%

12/23/2019

189.57K→193.87K

Common Shares of Beneficial Interest ($0.001 par value)

Direct

M · Option Exercise

+2.68K

Price / share

$37.26

Trade value

$99.97K

% of position

1.4%

12/23/2019

193.87K→196.55K

Common Shares of Beneficial Interest ($0.001 par value)

Direct

M · Option Exercise

+2.84K

Price / share

$35.18

Trade value

$100.02K

% of position

1.4%

12/23/2019

196.55K→199.39K

Total

Net shares

+15.67K

Net value

$569.92K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Shares of Beneficial Interest ($0.001 par value) Direct	12/23/2019	M · Option Exercise	+2.96K	$33.77	$99.99K	1.6%	183.72K	186.68K
Common Shares of Beneficial Interest ($0.001 par value) Direct	12/23/2019	M · Option Exercise	+2.89K	$34.56	$99.98K	1.5%	186.68K	189.57K
Common Shares of Beneficial Interest ($0.001 par value) Direct	12/23/2019	M · Option Exercise	+4.29K	$39.59	$169.96K	2.3%	189.57K	193.87K
Common Shares of Beneficial Interest ($0.001 par value) Direct	12/23/2019	M · Option Exercise	+2.68K	$37.26	$99.97K	1.4%	193.87K	196.55K
Common Shares of Beneficial Interest ($0.001 par value) Direct	12/23/2019	M · Option Exercise	+2.84K	$35.18	$100.02K	1.4%	196.55K	199.39K
Total			+15.67K		$569.92K

Derivative Transactions5

Employee Stock Option (right to buy)

Direct

M · Option Exercise

Converts to

Common Shares

2.96K shares

−2.96K

Strike price

33.77

Held after

22.33K

Exercisable

—

12/23/2019

Employee Stock Option (right to buy)

Direct

M · Option Exercise

Converts to

Common Shares

2.89K shares

−2.89K

Strike price

34.56

Held after

22.16K

Exercisable

—

12/23/2019

Employee Stock Option (right to buy)

Direct

M · Option Exercise

Converts to

Common Shares

4.29K shares

−4.29K

Strike price

39.59

Held after

18.76K

Exercisable

—

12/23/2019

Employee Stock Option (right to buy)

Direct

M · Option Exercise

Converts to

Common Shares

2.68K shares

−2.68K

Strike price

37.26

Held after

39.43K

Exercisable

—

12/23/2019

Employee Stock Option (right to buy)

Direct

M · Option Exercise

Converts to

Common Shares

2.84K shares

−2.84K

Strike price

35.18

Held after

43.61K

Exercisable

—

12/23/2019

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Employee Stock Option (right to buy) Direct	Common Shares2.96K shares	12/23/2019	M · Option Exercise	−2.96K	33.77	—	22.33K
Employee Stock Option (right to buy) Direct	Common Shares2.89K shares	12/23/2019	M · Option Exercise	−2.89K	34.56	—	22.16K
Employee Stock Option (right to buy) Direct	Common Shares4.29K shares	12/23/2019	M · Option Exercise	−4.29K	39.59	—	18.76K
Employee Stock Option (right to buy) Direct	Common Shares2.68K shares	12/23/2019	M · Option Exercise	−2.68K	37.26	—	39.43K
Employee Stock Option (right to buy) Direct	Common Shares2.84K shares	12/23/2019	M · Option Exercise	−2.84K	35.18	—	43.61K