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If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
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Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) |
Each performance unit represents a contingent right to receive one share of the company's common stock. The performance units vest in January 2017 based on the company's total stockholder return performance relative to a selected peer group for the three years ended December 31, 2016. The performance units reported represent target performance. The maximum number of performance units which may be earned is 30,750 performance units, and the minimum number of performance units which may be earned is zero (0) performance units. |
(2) |
Each performance unit represents a contingent right to receive one share of the company's common stock. The performance units vest in January 2018 based on the company's total stockholder return performance relative to a selected peer group for the three years ended December 31, 2017. The performance units reported represent target performance. The maximum number of performance units which may be earned is 27,152 performance units, and the minimum number of performance units which may be earned is zero (0) performance units. |
(3) |
Profits interest units of BioMed Realty, L.P. (the "Operating Partnership"). The LTIP Units are subject to time-based restrictions. |
(4) |
The LTIP units are subject to time-based restrictions. Upon the occurrence of certain "triggering events," the LTIP Units can overt time achieve full parity with common units of the Operating Partnership for all purposes, and therefore accrete to an economic value equivalent to one share of common stock of the company on a one-for-one basis. If such parity is reached, vested LTIP Units convert to common units of the Operating Partnership and then may be redeemed for cash in an amount equal to the then fair value of an equal number of shares of common stock or converted into an equal number of shares of common stock, as determined by the company. |
(5) |
The LTIP Units do not have an expiration date. |
(6) |
These LTIP Units were granted to the reporting person pursuant to the 2004 Incentive Award Plan of BioMed Realty Trust, Inc. and the Operating Partnership. |