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GLOBAL MEDICAL REIT INC. (NASDAQ:GMRE) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

GLOBAL MEDICAL REIT INC. (NASDAQ:GMRE) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Item 5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.

(e) Entry into Material Contract with Named Executive Officer and
Compensatory Arrangements of Certain Officers.

Equity Awards. The Board of Directors (the Board)
of Global Medical REITInc. (the Company) approved the
recommendation of the Compensation Committee of the Board with
respect to the grant of discretionary 2016 equity-based awards
(LTIP Awards) to certain officers of the Company and other
employees of the external manager of the Company (the
Advisor) who have performed services for the Company. The
LTIP Awards granted to the Companys executive officers are set
forth below. The LTIP Awards were granted to the Companys 2016
Equity Incentive Plan.

The number of LTIP units comprising each LTIP Award is based on
the average closing price ($9.21) of the Companys common stock
reported on the New York Stock Exchange on each of the ten (10)
trading days preceding the date of grant, December 21, 2016,
rounded down to the nearest whole unit number in order to
eliminate fractional units.

Name Title 2016 Equity Bonus Award Number of Units Awarded
Jeffrey Busch Chairman of the Board President $ 80,000 8,688
David Young CEO $ 55,000 5,973
Donald McClure CFO $ 50,000 5,430
Conn Flanigan Secretary General Counsel $ 30,000 3,258
Alfonzo Leon CIO $ 90,000 9,774
Allen Webb SVP, Technical Accounting and SEC Compliance $ 50,000 5,430
Danica Holley COO $ 45,000 4,887

The LTIP Awards will be subject to the terms and conditions of
LTIP Vesting Agreements (LTIP Vesting Agreements) between
the Company and each grantee in the form attached hereto as
Exhibit 99.1 (for grantees who have an employment
agreement with the Advisor) or Exhibit 99.2 (for grantees
who do not have an employment agreement with the Advisor), which
are incorporated herein by reference.

The LTIP Awards will be subject to forfeiture restrictions that
will lapse (vesting) in equal one-third installments on
each of the first, second and third anniversary of the date of
grant, subject to continued service as an officer or employee of
the Company, as applicable, through each vesting date; provided
that vesting will accelerate in the event of a termination of the
officers or employees position, as applicable, without Cause or
for Good Reason (as defined in the LTIP Vesting Agreements) or as
a result of death or disability, and unvested LTIP Awards will be
forfeited in the event of any other termination event.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

(d)Exhibits

Exhibit No. Description
99.1 LTIP Vesting Agreement: For Grantees with an Employment
Agreement with the Advisor
99.2 LTIP Vesting Agreement: For Grantees without an Employment
Agreement with the Advisor

About GLOBAL MEDICAL REIT INC. (NASDAQ:GMRE)

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