Stroup Chris C 4
4 · GABLES RESIDENTIAL TRUST · Filed Jan 4, 2005
Insider Transaction Report
Form 4
Stroup Chris C
Director
Transactions
- Award
Phantom Stock Units
2004-12-31$36.15/sh+2$72→ 377 total→ Common Shares (2 underlying) - Award
Phantom Stock Units
2005-01-03$35.75/sh+315$11,261→ 692 total→ Common Shares (315 underlying)
Footnotes (3)
- [F1]One for one
- [F2]These phantom stock units were credited to the reporting person to reflect dividends paid on common shares underlying such person's other phantom stock units. The phantom stock units will be settled in common shares either in a lump sum or annual installments following the reporting person's termination of membership on the Board of Trustees or upon a change of control of the Company. The number of shares was derived by dividing the dividend amount by the opening stock price on the dividend payment date.
- [F3]These phantom stock units were accrued under the Company's deferred compensation program for non-employee trustees and will be settled in common shares either in a lump sum or annual installments following the reporting person's termination of membership on the Board of Trustees or upon a change of control of the Company. The number of shares was devised by dividing the quarterly fee payable by the opening stock price on the date the fees were payable.