4//SEC Filing
COUSINS PROPERTIES INC 4
Accession 0000025232-05-000023
$CUZCIK 0000025232operating
Filed
Sep 21, 8:00 PM ET
Accepted
Sep 22, 4:47 PM ET
Size
11.6 KB
Accession
0000025232-05-000023
Insider Transaction Report
Form 4
Smith Bruce E
Senior Vice President
Transactions
- Exercise/Conversion
Common Stock
2005-09-20$9.14/sh+9,700$88,658→ 33,037 total - Exercise/Conversion
Stock Options (Right to buy)
2005-09-20−9,700→ 3,000 totalExercise: $9.14From: 1996-11-21Exp: 2005-11-21→ Common Stock (9,700 underlying) - Sale
Common Stock
2005-09-20$29.81/sh−9,700$289,157→ 23,337 total
Holdings
- 8,670(indirect: By Profit Sharing Plan)
Common Stock
Footnotes (4)
- [F1]Includes 5,000 shares awarded under Cousins Properties Incorporated (CPI) 1999 Incentive Stock Plan. The shares will be paid in any event if the employee is employed approximately six years from the grant date. Such shares may be awarded earlier as follows: (i) In three years if Funds from Operations Per Shares ("FFOPS") has grown 15% per annum; (ii) In four years if FFOPS has grown by 14% per annum; and (iii) In five years if FFOPS has grown 13% per annum. All shares not paid will forfeit upon termination of employment. Includes 11,885 shares of restricted stock awarded under the CPI 1999 Incentive Stock Plan. These shares will vest 25% per year on each anniversary date of the grant, and CPI will hold these shares until such shares become vested. While the shares are being held prior to vesting, the reporting person will have the right to receive all cash dividends and to vote the restricted shares. All unvested shares will forfeit upon termination of employment.
- [F2]Shares held by the reporting person as beneficiary in the Company's Profit Sharing Plan.
- [F3]These options were granted under the Cousins Properties Incorporated 1995 Incentive Stock Plan. These options will vest 20% per year on the anniversary of the grant date, with shares being 100% vested in year 5 of the grant term. The Plan under which these options were granted complies with Rule 16b-3 and provides for tax withholding.
- [F4]On September 16, 2003 and November 19, 2004 the number of options beneficially owned and the corresponding exercise prices were adjusted due to the payment of a special dividend. The number of options outstanding increased by approximately 7.4% and the exercise price decreased by approximately 6.9% for the September 16, 2003 special dividend. The number of options outstanding increased by approximately 22.24% and the exercise price decreased by approximately 18.19% for the November 19, 2004 special dividend.
Documents
Issuer
COUSINS PROPERTIES INC
CIK 0000025232
Entity typeoperating
IncorporatedGA
Related Parties
1- filerCIK 0000025232
Filing Metadata
- Form type
- 4
- Filed
- Sep 21, 8:00 PM ET
- Accepted
- Sep 22, 4:47 PM ET
- Size
- 11.6 KB