| Unvested LTIP Units |
The below table details on the Company's unvested LTIP Units as of June 30, 2018: | | | | | | | | | Grant Recipient | | Number of LTIP Units Granted | | Grant Date | | Vesting Date(1) | Independent directors: | | | | | | | | | 10,002 |
| | September 12, 2017 | | September 11, 2018 | Partially dedicated employees: | | | | | | | | | 1,723 |
| | March 7, 2018 | | March 7, 2019 | | | 8,533 |
| | December 12, 2017 | | December 12, 2018 | | | 5,886 |
| | December 12, 2017 | | December 12, 2019 | | | 5,583 |
| | December 13, 2016 | | December 13, 2018 | Total unvested LTIP Units at June 30, 2018 | | 31,727 |
| | | | |
| | (1) | Date at which such LTIP Units will vest and become non-forfeitable. |
|
| Roll-Forward of Company's LTIP Units Outstanding |
The following table summarizes issuance and exercise activity of the Company's LTIP Units for the three-month periods ended June 30, 2018 and 2017: | | | | | | | | | | | | | | | | | | | | Three-Month Period Ended June 30, 2018 | | Three-Month Period Ended June 30, 2017 | | Manager | | Director/ Employee | | Total | | Manager | | Director/ Employee | | Total | LTIP Units Outstanding (3/31/2018 and 3/31/2017, respectively) | 375,000 |
| | 117,882 |
| | 492,882 |
| | 375,000 |
| | 94,539 |
| | 469,539 |
| Granted | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| Exercised | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| LTIP Units Outstanding (6/30/2018 and 6/30/2017, respectively) | 375,000 |
| | 117,882 |
| | 492,882 |
| | 375,000 |
| | 94,539 |
| | 469,539 |
| LTIP Units Vested and Outstanding (6/30/2018 and 6/30/2017, respectively) | 375,000 |
| | 86,155 |
| | 461,155 |
| | 375,000 |
| | 65,828 |
| | 440,828 |
|
The following table summarizes issuance and exercise activity of the Company's LTIP Units for the six-month periods ended June 30, 2018 and 2017: | | | | | | | | | | | | | | | | | | | | Six-Month Period Ended June 30, 2018 | | Six-Month Period Ended June 30, 2017 | | Manager | | Director/ Employee | | Total | | Manager | | Director/ Employee | | Total | LTIP Units Outstanding (12/31/2017 and 12/31/2016, respectively) | 375,000 |
| | 116,159 |
| | 491,159 |
| | 375,000 |
| | 94,539 |
| | 469,539 |
| Granted | — |
| | 1,723 |
| | 1,723 |
| | — |
| | — |
| | — |
| Exercised | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| LTIP Units Outstanding (6/30/2018 and 6/30/2017, respectively) | 375,000 |
| | 117,882 |
| | 492,882 |
| | 375,000 |
| | 94,539 |
| | 469,539 |
| LTIP Units Vested and Outstanding (6/30/2018 and 6/30/2017, respectively) | 375,000 |
| | 86,155 |
| | 461,155 |
| | 375,000 |
| | 65,828 |
| | 440,828 |
|
|