Form Type: 4

SEC EDGAR Link
Accession Number:0001209191-19-062315
Date:2019-12-28
Issuer: REXFORD INDUSTRIAL REALTY, INC. (REXR)
Original Submission Date:

Reporting Person:

FRANKEL MICHAEL S.
11620 WILSHIRE BOULEVARD
SUITE 1000 LOS ANGELES, CA 90025

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
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
PERFORMANCE UNITS 0.0 2019-12-28 deemed execution date A 83,142 (a) common stock, par value $0.01 83,142 $0.00 214,760 direct
Footnotes
IDfootnote
f1 performance units are a class of limited partnership units in rexford industrial realty, l.p., the operating partnership of the issuer (the "operating partnership"). initially, the performance units do not have full parity with common limited partnership units of the operating partnership ("op units") with respect to liquidating distributions. however, upon the occurrence of certain events described in the operating partnership's partnership agreement, the performance units can over time achieve full parity with the op units for all purposes. if such parity is reached, vested performance units may be converted into an equal number of op units on a one for one basis at any time at the request of the reporting person or the general partner of the operating partnership. op units are redeemable by the holder for an equivalent number of shares of the issuer's common stock ("shares") or for the cash value of such shares, at the issuer's election.
f2 reflects an award of performance units that was initially granted on december 29, 2016, pursuant to the rexford industrial realty, inc. and rexford industrial realty, l.p 2013 incentive award plan, that was subject to performance-based vesting conditions. on december 28, 2019, the measurement period for the performance award ended and 83,142 performance units vested. the number of vested performance units reported herein includes 4,517 distribution equivalent units. the vested performance units are nonforfeitable as of december 28, 2019.
f3 the reporting person also owns the following: (i) 218,605 op units, (ii) 289,698 ltip units, a class of limited partnership units in the operating partnership, and (iii) 5,319 shares.
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