HUGHES GREGORY F exercised options at GRAMERCY PROPERTY TRUST

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

M · 3 exercises

HUGHES GREGORY F

Filed: 6/18/2018ACC: 0001297587-18-000065

InsiderHUGHES GREGORY FCIK 1124464

→

IssuerGRAMERCY PROPERTY TRUSTCIK 1297587

Director

Since Jul 2018

-2.71K

Net shares

Net seller

$74.8K

Total sold

Open market trades

0B · 0S

Total transactions

3.99K acquired · 6.70K disposed

Non-Derivative Transactions4

Common Shares

Direct

M · Option Exercise

+1.33K

Price / share

$11.46

Trade value

$15.23K

% of position

17.9%

6/15/2018

7.40K→8.73K

Common Shares

Direct

M · Option Exercise

+1.33K

Price / share

$21.78

Trade value

$28.95K

% of position

15.2%

6/15/2018

8.73K→10.06K

Common Shares

Direct

M · Option Exercise

+1.33K

Price / share

$23.10

Trade value

$30.70K

% of position

13.2%

6/15/2018

10.06K→11.39K

Common Shares

Direct

F · Tax Withholding

−2.71K

Price / share

$27.62

Trade value

$74.82K

% of position

23.8%

6/15/2018

11.39K→8.68K

Total

Net shares

+1.28K

Net value

$53.28

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Shares Direct	6/15/2018	M · Option Exercise	+1.33K	$11.46	$15.23K	17.9%	7.40K	8.73K
Common Shares Direct	6/15/2018	M · Option Exercise	+1.33K	$21.78	$28.95K	15.2%	8.73K	10.06K
Common Shares Direct	6/15/2018	M · Option Exercise	+1.33K	$23.10	$30.70K	13.2%	10.06K	11.39K
Common Shares Direct	6/15/2018	F · Tax Withholding	−2.71K	$27.62	$74.82K	23.8%	11.39K	8.68K
Total			+1.28K		$53.28

Derivative Transactions3

Share Options (right to buy)

Direct

M · Option Exercise

Converts to

Common Shares

1.33K shares

−1.33K

Strike price

11.46

Held after

0.00

Exercisable

—

6/15/2018

Share Options (right to buy)

Direct

M · Option Exercise

Converts to

Common Shares

1.33K shares

−1.33K

Strike price

21.78

Held after

0.00

Exercisable

—

6/15/2018

Share Options (right to buy)

Direct

M · Option Exercise

Converts to

Common Shares

1.33K shares

−1.33K

Strike price

23.1

Held after

0.00

Exercisable

—

6/15/2018

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable
Share Options (right to buy) Direct	Common Shares1.33K shares	6/15/2018	M · Option Exercise	−1.33K	11.46	—
Share Options (right to buy) Direct	Common Shares1.33K shares	6/15/2018	M · Option Exercise	−1.33K	21.78	—
Share Options (right to buy) Direct	Common Shares1.33K shares	6/15/2018	M · Option Exercise	−1.33K	23.1	—