MCCAUL ELIZABETH 4
4 · RECKSON ASSOCIATES REALTY CORP · Filed Jun 8, 2006
Insider Transaction Report
Form 4
MCCAUL ELIZABETH
Director
Transactions
- Award
Common Stock
2006-06-02+514→ 8,839 total - Award
Common Stock
2006-06-02$38.88/sh+74$2,877→ 9,685 total - Award
Common Stock
2006-06-02$38.80/sh+772$29,954→ 9,611 total
Footnotes (4)
- [F1]Pursuant to the Company's stock option plans, each independent 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 independent director 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 $38.88.
- [F3]Represents deferred shares reflected in a deferred compensation account to be issued in lieu of cash compensation pursuant to an election under the Company's deferred compensation arrangements for independent directors. The deemed shares will not be distributed or transferable until after the independent director ceases serving as a director of the Company.
- [F4]Represents deemed shares reflected in a deferred compensation account pursuant to a dividend reinvestment feature of the Company's deferred compensation arrangements for independent directors. The deemed shares will not be distributed or transferable until after the independent director ceases serving as a director of the Company.