GABLES REALTY LIMITED PARTNERSHIP 4
4 · GABLES REALTY LIMITED PARTNERSHIP · Filed Jul 5, 2005
Insider Transaction Report
Form 4
MARTIN LAURALEE
Director
Transactions
- Award
Common Shares of Beneficial Interest
2005-07-01$43.30/sh+306$13,250→ 16,180 total→ Units (306 underlying)
Footnotes (2)
- [F1]The issuer of the common shares is Gables Residential Trust (the "Company"), which is the 100% owner of Gables GP, Inc., the general partner of Gables Realty Limited Partnership (the "Partnership"). Units of the Partnership are redeemable for cash equal to the fair market value of such shares at the time of redemption or, at the election of the Company, an equal number of common shares.
- [F2]Pursuant to the Company's 2004 Equity Incentive Plan, the reporting person elected to receive a portion of his or her cash trustee's fees in common shares. The number of common shares issued was derived by dividing the quarterly fees payable by the opening stock price on the dates the fees would otherwise have been payable.