Document:

Exhibit 4.1

 

	
6.625%   SERIES B CUMULATIVE REDEEMABLE
    	
CUSIP 85254J 300
    
	
PREFERRED   STOCK (LIQUIDATION PREFERENCE $25.00 PER SHARE)
    	
SEE   REVERSE FOR CERTAIN
    
	
No.
    	
DEFINITIONS   AND A STATEMENT AS TO THE
    
	
 
    	
RIGHTS,   PREFERENCES, PRIVILEGES AND RESTRICTIONS ON SHARES
    

 

STAG INDUSTRIAL, INC.

 

INCORPORATED UNDER THE LAWS OF THE STATE OF MARYLAND

 

This Certifies that                    is the owner of                   fully paid and non-assessable Shares of 6.625% Series B Cumulative Redeemable Preferred Stock, par value $0.01 per share, of STAG Industrial, Inc. transferable only on the books of the Corporation by the holder hereof in person or by duly authorized attorney upon surrender of this Certificate properly endorsed.  This Certificate and the shares represented hereby are issued and shall be subject to all of the provisions of the Corporation’s charter, as amended, and bylaws, as amended.  This Certificate is not valid until countersigned and registered by the Transfer Agent and Registrar.

 

IN WITNESS WHEREOF, the said Corporation has caused this Certificate to be signed by its duly authorized officers and to be sealed with the Seal of the Corporation.

 

Dated:

 

	
Authorized   Signatures:
    	
 
    	
 
    	
[Seal]
    	
 
    
	
 
    	
Kathryn   Arnone, Secretary
    	
 
    	
 
    	
Benjamin   S. Butcher, President
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Countersigned   and Registered:
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
Transfer   Agent and Registrar
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
By:
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
Authorized   Signature
    	
 
    	
 
    	
 
    
									

 

 

[REVERSE SIDE OF CERTIFICATE]

 

The Corporation will furnish to any stockholder, on request and without charge, a full statement of the information required by Section 2-211(b) of the Corporations and Associations Article of the Annotated Code of Maryland with respect to the designations and any preferences, conversion and other rights, voting powers, restrictions, limitations as to dividends, qualifications, and terms and conditions of redemption of the shares of each class of stock which the Corporation has authority to issue and (i) the differences in the relative rights and preferences between the shares of each series to the extent that they have been set and (ii) the authority of the board of directors of the Corporation to set the relative rights and preferences of subsequent series. The following summary does not purport to be complete and is subject to and qualified in its entirety by reference to the charter of the Corporation, as may be amended from time to time.

 

The shares represented by this certificate are subject to restrictions on Beneficial and Constructive Ownership and Transfer for the purpose, among others, of the Corporation’s maintenance of its status as a Real Estate Investment Trust (“REIT”) under the Internal Revenue Code of 1986, as amended (the “Code”). Subject to certain further restrictions and except as expressly provided in the Corporation’s charter, (i) (a) no Person, other than an Excepted Holder, shall Beneficially Own or Constructively Own shares of Series B Preferred Stock, taking into account any other Capital Stock Beneficially or Constructively Owned by such Person, in excess of the Aggregate Stock Ownership Limit, (b) no Person, other than an Excepted Holder, shall Beneficially Own or Constructively Own shares of Series B Preferred Stock in excess of the Series B Ownership Limit and (c) no Excepted Holder shall Beneficially Own or Constructively Own shares of Series B Preferred Stock in excess of the Excepted Holder Limit for such Excepted Holder; (ii) no Person shall Beneficially Own or Constructively Own shares of Series B Preferred Stock, taking into account any other Capital Stock Beneficially or Constructively Owned by such Person, to the extent that such Beneficial Ownership or Constructive Ownership of Series B Preferred Stock would result in the Corporation (a) being “closely held” within the meaning of Section 856(h) of the Code (without regard to whether the ownership interest is held during the last half of a taxable year) or (b) being treated as a “pension held REIT” within the meaning of Section 856(h)(3)(D) of the Code (without regard to whether the ownership interest is held during the last half of a taxable year); (iii) no person shall Transfer shares of Series B Preferred Stock to the extent such Transfer would result in the Capital Stock being beneficially owned by fewer than one hundred (100) Persons (determined under the principles of Section 856(a)(5) of the Code); (iv) no Person shall Beneficially Own or Constructively Own shares of Series B Preferred Stock, taking into account any other Capital Stock Beneficially or Constructively Owned by such Person, to the extent such Beneficial Ownership or Constructive Ownership would cause the Corporation to Constructively Own ten percent (10%) or more of the ownership interests in a tenant of the Corporation’s real property within the meaning of Section 856(d)(2)(B) of the Code; (v) no Person shall Beneficially Own or Constructively Own shares of Series B Preferred Stock, taking into account any other Capital Stock Beneficially or Constructively Owned by such Person, to the extent that such ownership would cause any independent contractor of the Corporation to not be treated as such under Section 856(d)(3) of the Code; and (vi) no Person shall Beneficially Own or Constructively Own shares of Series B Preferred Stock, taking into account any other Capital Stock Beneficially or Constructively Owned by such Person, to the extent such Beneficial Ownership or Constructive Ownership would otherwise cause the Corporation to fail to qualify as a REIT.

 

Any Person who Beneficially Owns or Constructively Owns (or attempts to Beneficially Own or Constructively Own) shares of Series B Preferred Stock which causes or will cause a Person to Beneficially Own or Constructively Own shares of Series B Preferred Stock in excess or in violation of the above limitations must immediately notify the Corporation (or in the case of an attempted transaction, to provide the corporation with at least 15 days’ prior written notice). If any of the restrictions on transfer or ownership are violated, the shares of Series B Preferred Stock in excess or in violation will be automatically transferred to a Trustee of a Charitable Trust for the benefit of one or more Charitable Beneficiaries. In addition, the Corporation may redeem shares upon the terms and conditions specified by the Board of Directors in its sole discretion if the Board of Directors determines that ownership or a Transfer or other event may violate the restrictions described above. Furthermore, upon the occurrence of certain events, attempted Transfers in violation of the restrictions described above may be void ab initio. All capitalized terms in this legend have the meanings defined in the charter of the Corporation, as the same may be amended from time to time, a copy of which, including the restrictions on transfer and ownership, will be furnished to each holder of Series B Preferred Stock of the Corporation on request and without charge. Requests for such a copy may be directed to the Secretary of the Corporation at its principal office.

 

The following abbreviations, when used in the inscription on the face of this certificate, shall be construed as though they were written out in full according to applicable laws or regulations:

 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
UNIF   GIFT MIN ACT  —
    	
 
    	
 
    
	
TEN   COM
    	
 
    	
—
    	
 
    	
as   tenants in common
    	
 
    	
             Custodian              
    	
 
    	
 
    
	
TEN   ENT
    	
 
    	
—
    	
 
    	
as   tenants by the entireties
    	
 
    	
(Cust)
    	
(Minor)
    	
 
    	
 
    
	
JT   TEN
    	
 
    	
—
    	
 
    	
as   joint tenants with right of
    	
 
    	
under   Uniform Gifts to Minors
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
survivorship   and not as tenants
    	
 
    	
Act
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
in   common
    	
 
    	
 
    	
(State)
    	
 
    	
 
    
													

 

For value received,                                      hereby sells, assigns and transfers unto                      (Please insert social security or other identifying number of assignee)                                                                                                                                        (Please print or typewrite name and address, including zip code, of assignee)                                                          Shares represented by the within Certificate, and does hereby irrevocably constitute and appoint                                                              Attorney to transfer the said shares on the books of the within named Corporation with full power of substitution in the premises.

 

	
Dated
    	
 
    	
 
    	
X
    	
 
    
	
 
    	
NOTICE: The   signature to this assignment must correspond with the name as written upon   the face of the certificate in every particular, without alteration or   enlargement or any change whatever.
    

 

 

	
SIGNATURE(S) GUARANTEED
    	
 
    
	
 
    	
THE   SIGNATURE(S) SHOULD BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION   (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH   MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM) PURSUANT TO   S.E.C. RULE 17-Ad.Exhibit 10.1

 

AMENDMENT TO KEY EXECUTIVE SEVERANCE PLAN

 

This AMENDMENT TO THE KEY EXECUTIVE SEVERANCE PLAN (this “Amendment”), is dated as of April 11, 2013, is entered into by Level 3 Communications, Inc., a Delaware corporation (the “Company”).

 

WHEREAS, the Compensation Committee (the “Committee”) of the Board of Directors (the “Board”) of the Company previously adopted the Key Executive Severance Plan effective March 19, 2012 (as may have been amended prior to the date hereof, the “Plan”); and

 

WHEREAS, pursuant to Section 8.5 of the Plan, the Board may amended the Plan at any time; and

 

WHEREAS, effective immediately, the Board desires to amend and restate in its entirety the definition of “Participant” under the Plan; and

 

WHEREAS, the amendment and restatement of the definition of “Participant” under the Plan pursuant to this Amendment will not constitute an “Adverse Amendment,” as defined in the Plan.

 

NOW, THEREFORE, the Plan is hereby amended as follows:

 

1.                                      Defined Terms.  Terms used and not otherwise defined in this Amendment have the meanings ascribed to such terms in the Plan.

 

2.                                      Amendment.

 

(a)                           The definition of “Participant” of the Plan shall be amended and restated in its entirety to read as follows:

 

“Participant” means each employee of the Company or its Affiliates (i) who is designated as a Participant by the Chief Executive Officer of the Company, and in the case of any Named Executive Officer (as that term is defined by the rules and regulations of the U.S. Securities and Exchange Commission from time to time), if designated by a resolution of the Committee, (ii) who is delivered a Participation Notice, and (iii) who acknowledges his or her participation in the Plan by executing a Restrictive Covenant Agreement.  A person shall cease to be a Participant upon his or her removal as a Participant from the Plan (but any such determination made in respect of a Participant shall be considered an Adverse Amendment with respect to the affected Participant and is subject to the provisions of Section 8.5).

 

3.                                      Miscellaneous Provisions.

 

(a)                                 References.  On and after the date of this Amendment, each reference to the Plan shall mean and be a reference to the Plan as amended by this Amendment.

 

 

(b)                                 Effectiveness of Agreement.  Except as expressly modified and amended in this Amendment, all of the terms, provisions and conditions of the Plan shall remain unchanged and in full force and effect.

 

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