Edgar Filing: Ajdaharian Paul S

Ownership Submission

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

Â Ajdaharian Paul S

2. Date of Event Requiring Statement (Month/Day/Year)
11/02/2017

3. Issuer Name and Ticker or Trading Symbol
WASHINGTON PRIME GROUP INC. [WPG]

(Last)

(First)

(Middle)

C/O WASHINGTON PRIME GROUP INC.,Â 180 EAST BROAD STREET

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

_____ Director	_____ 10% Owner
__X__ Officer (give title below)	_____ Other (specify below)
Exec VP, Head of Open Air Ctrs

5. If Amendment, Date Original Filed(Month/Day/Year)

(Street)

COLUMBUS,Â OHÂ 43215

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 Beneficially Owned

1.Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Shares of Beneficial Interest, $0.0001 par value	9,095	D	Â

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security		6. Nature of Indirect Beneficial Ownership (Instr. 5)
Unvested LTIP Units ⁽¹⁾	Â ⁽²⁾⁽³⁾	Â ⁽²⁾	Common Stock, $0.0001 par value per share	1,250	$ ⁽²⁾	D	Â
Vested LTIP Units ⁽¹⁾	Â ⁽²⁾	Â ⁽²⁾	Common Stock, $0.0001 par value per share	3,750	$ ⁽²⁾	D	Â
Restricted Stock Units	Â ⁽⁶⁾	Â ⁽⁶⁾	Common Stock, $0.0001 par value per share	18,601	$ ⁽⁸⁾	D	Â
Performance Stock Units	Â ⁽⁹⁾	Â ⁽⁹⁾	Common Stock, $0.0001 par value per share	18,601	$ ⁽¹⁰⁾	D	Â
Unvested LTIP Units ⁽⁴⁾	Â ⁽²⁾⁽⁵⁾	Â ⁽²⁾	Common Stock, $0.0001 par value per share	8,238	$ ⁽²⁾	D	Â
Vested LTIP Units ⁽⁴⁾	Â ⁽²⁾	Â ⁽²⁾	Common Stock, $0.0001 par value per share	4,119	$ ⁽²⁾	D	Â
Restricted Stock Units	Â ⁽⁶⁾	Â ⁽⁶⁾	Common Stock, $0.0001 par value per share	34,804	$ ⁽⁷⁾	D	Â

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Ajdaharian Paul S C/O WASHINGTON PRIME GROUP INC. 180 EAST BROAD STREET COLUMBUS,Â OHÂ 43215	Â	Â	Â Exec VP, Head of Open Air Ctrs	Â

Signatures

/s/ Robert J. Demchak, as Attorney-in-Fact		11/13/2017
^**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 5(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	Represents long-term incentive performance ("LTIP") units of Washington Prime Group, L.P (the "Operating Partnership"), of which Washington Prime Group Inc. (the "Company" or "Issuer")) is the sole general partner, issued to Mr. Ajdaharian (the "Reporting Person") on August 25, 2014 as long-term incentive compensation pursuant to the Operating Partnership's 2014 Stock Incentive Plan (the "Incentive Plan") in compliance with Rule 16b-3. These LTIP units were issued as "Series 2014B LTIP Units" under the Incentive Plan.
(2)	When earned and vested, each LTIP unit may be converted (at the Reporting Person's option) on a one-for-one basis into a unit of limited partnership interest ("Partnership Unit") subject to the terms and conditions of the applicable certificate of designation that relates to the LTIP units. Each Partnership Unit may be exchanged for a share of the Company's common stock (the "Common Stock") on a one-for-one basis, or cash, as selected by the Company. LTIP units have no set expiration date.
(3)	Subject to certain exceptions, the listed LTIP units will vest on August 25, 2018.
(4)	Represents LTIP units of the Operating Partnership issued to the Reporting Person on February 25, 2016 as long-term incentive compensation pursuant to the Incentive Plan in compliance with Rule 16b-3. These LTIP units were issued as "Series 2015B LTIP Units" under the Incentive Plan.
(5)	Subject to certain exceptions, 50% of the listed LTIP units will vest on January 15, 2018 and the remaining 50% will vest on January 15, 2019.
(6)	The listed restricted stock units ("RSUs") shall vest and become nonforfeitable in one-third (33%) installments on each of the first, second and third anniversaries of the February 21, 2017 grant date (the "Grant Date") provided that the Reporting Person is in continued compliance with certain covenants in the Reporting Person's employment agreement, as
(7)	Each of the RSUs was issued to the Reporting Person on the Grant Date as incentive compensation payment for the Company's 2016 Annual Awards and represents a contingent right to receive one share of Common Stock.
(8)	Each of the RSUs was issued to the Reporting Person on the Grant Date in connection with the issuance of the Company's 2017 Annual Awards and represents a contingent right to receive one share of Common Stock.
(9)	Unvested performance stock units ("PSUs") shall be earned based upon the satisfaction of certain relative total shareholder return ("TSR") criteria with a percentage of vested PSUs ranging from 0% to 150% over a three-year performance period from the Grant Date to February 21, 2020 ("Vesting Date"), provided that the Reporting Person is in continued compliance with certain covenants in the Reporting Person's employment agreement, as amended, and subject to certain provisions of such agreement relating to a change in control of the Issuer. Settlement of the PSUs shall occur as soon as practicable after the Vesting Date, but no later than March 15, 2021.
(10)	Each of the PSUs was awarded on the Grant Date in connection with the issuance of the Company's 2017 Annual Awards and represents a contingent right to receive one share of Common Stock.
Â Remarks: TheÂ filingÂ ofÂ thisÂ StatementÂ shallÂ notÂ beÂ construedÂ asÂ anÂ admission:Â (a)Â thatÂ theÂ personÂ filingÂ thisÂ StatementÂ is,Â forÂ theÂ purposesÂ ofÂ SectionÂ 16Â ofÂ theÂ SecuritiesÂ ExchangeÂ ActÂ ofÂ 1934,Â asÂ amended,Â theÂ beneficialÂ ownerÂ ofÂ anyÂ equityÂ securitiesÂ coveredÂ byÂ thisÂ Statement,Â orÂ (b)Â thatÂ thisÂ StatementÂ isÂ legallyÂ requiredÂ toÂ beÂ filedÂ byÂ suchÂ person.Â ThisÂ statementÂ isÂ executedÂ pursuantÂ toÂ theÂ LimitedÂ PowerÂ ofÂ AttorneyÂ filedÂ withÂ thisÂ Statement. ExhibitÂ 24Â –Â LimitedÂ PowerÂ ofÂ Attorney,Â datedÂ NovemberÂ 5,Â 2017.

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