COUSINS PROPERTIES INC 4
4 · COUSINS PROPERTIES INC · Filed May 19, 2008
Insider Transaction Report
Form 4
MURPHY JOEL T
President - Retail Division
Transactions
- Exercise/Conversion
Common Stock
2008-05-16$15.80/sh+25,000$395,000→ 68,732 total - Sale
Common Stock
2008-05-16$28.14/sh−25,000$703,473→ 43,732 total - Exercise/Conversion
Stock Options (Right to buy)
2008-05-16+25,000→ 133,188 totalExercise: $15.80From: 2000-12-14Exp: 2009-12-14→ Common Stock (25,000 underlying)
Holdings
- 5,497(indirect: In self-directed account)
Common Stock
Footnotes (4)
- [F1]Includes 10,898 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]Represents the shares held in the Company's Profit Sharing Plan in a self-directed account.
- [F3]These options were granted under the Cousins Properties Incorporated 1999 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, November 19, 2004, and November 25, 2006 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. The number of options outstanding increased by approximately 9.87% and the exercise price decreased by approximately 8.98% for the November 25, 2006 special dividend.