MENAKER RONALD H 4
4 · RECKSON ASSOCIATES REALTY CORP · Filed May 31, 2005
Insider Transaction Report
Form 4
MENAKER RONALD H
Director
Transactions
- Award
Common Stock
2005-05-26+641→ 9,592 total
Footnotes (2)
- [F1]Pursuant to the Company's stock option plans, each non-employee director was granted restricted stock units, which are to be settled in an equal number of shares of common stock upon such director's retirement from the Board of Directors. The non-employee directors may not transfer or otherwise dispose of the restricted stock units as long as he or she is serving as a director of the Company.
- [F2]The shares were granted pursuant to a stock option plan of the Company, so a purchase price is not applicable. The closing price of the Company's common stock on the date of the grant was $31.19.