Sec Form 4 Filing - YAP JOHANNSON L @ FIRST INDUSTRIAL REALTY TRUST INC - 2018-01-02

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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
YAP JOHANNSON L
2. Issuer Name and Ticker or Trading Symbol
FIRST INDUSTRIAL REALTY TRUST INC [ FR]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Chief Investment Officer
(Last) (First) (Middle)
311 S. WACKER DRIVE, SUITE 3900
3. Date of Earliest Transaction (MM/DD/YY)
01/02/2018
(Street)
CHICAGO, IL60606
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 01/02/2018 M( 1 ) 25,666 ( 2 ) A $ 0 ( 3 ) 301,668 D
Common Stock 01/02/2018 F( 4 ) 12,235 D $ 31.17 289,433 D
Common Stock 01/02/2018 F( 5 ) 10,885 D $ 31.17 278,548 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Performance Units ( 3 ) 01/02/2018 M( 6 ) 24,039 12/31/2017 12/31/2017 Common Stock 25,666 ( 2 ) $ 0 0 D
Performance Units ( 7 ) 01/02/2018 A 15,240 12/31/2020( 8 ) 12/31/2020 Common Stock 15,240 $ 0 15,240 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
YAP JOHANNSON L
311 S. WACKER DRIVE
SUITE 3900
CHICAGO, IL60606
Chief Investment Officer
Signatures
/s/ Daniel J. Hemmer, attorney-in-fact 01/04/2018
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Transaction resulting from the vesting of Performance Units (the "2015 Units") granted under First Industrial's 2014 Stock Incentive Plan on January 1, 2015.
( 2 )Includes 1,627 shares of First Industrial common stock issued with respect to dividend equivalents related to the 2015 Units.
( 3 )Each 2015 Unit represented the right to receive, upon vesting, one share of First Industrial common stock plus dividend equivalents representing any dividends that accrued with respect to such share after the issuance of the 2015 Units and prior to the date of vesting. The number of shares of First Industrial common stock issued with respect to dividend equivalents was calculated using a per share price of $31.17, the closing price of First Industrial's common stock as of the vesting date.
( 4 )Transaction resulting from tax withholding in connection with the vesting of the 2015 Units.
( 5 )Transaction resulting from tax withholding in connection with the vesting of restricted stock.
( 6 )The 2015 Units vested on January 2, 2018 based upon the relative total shareholder return of First Industrial's common stock as compared to the MSCI U.S. REIT Index and the NAREIT Industrial Index over the performance measurement period.
( 7 )Performance Units ("2018 Units") granted under First Industrial's 2014 Stock Incentive Plan on January 2, 2018. Each 2018 Unit represents the right to receive, upon vesting, one share of First Industrial common stock plus dividend equivalents representing any dividends that have accrued with respect to such share after the issuance of the 2018 Units and prior to the date of vesting. Vested shares will be delivered to the reporting person promptly after vesting.
( 8 )The 2018 Units vest on December 31, 2020 based upon the relative total shareholder return of First Industrial's common stock as compared to the MSCI U.S. REIT Index and the NAREIT Industrial Index over the performance measurement period.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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