4//SEC Filing
ROSS STEPHEN 4
Accession 0001116679-03-002489
CIK 0001043325other
Filed
Nov 18, 7:00 PM ET
Accepted
Nov 19, 7:13 PM ET
Size
9.2 KB
Accession
0001116679-03-002489
Insider Transaction Report
Form 4
ROSS STEPHEN
10% Owner
Transactions
- Award
Options to Purchase Common Shares
2003-11-17+1,000,000→ 1,000,000 totalExercise: $17.78Exp: 2013-11-17→ Common Shares (1,000,000 underlying) - Award
Options to Purchase Common Shares
2003-11-17+2,174→ 2,174 totalExercise: $11.56From: 2003-11-17Exp: 2010-05-10→ Common Shares (2,174 underlying) - Award
Special Common Units of CharterMac Capital Company, LLC
2003-11-17$17.78/sh+10,000,000$177,800,000→ 10,000,000 total(indirect: By the Related Companies, L.P.)From: 2004-11-17→ Common Shares (10,000,000 underlying)
Footnotes (8)
- [F1]The Special Common Units are convertible on a one to one basis into Common Shares of CharterMac (subject to anti-dilution).
- [F2]The Special Common Units are not exercisable until November 17, 2004, subject to certain exceptions.
- [F3]The Special Common Units do not expire.
- [F4]The Special Common Units were issued in connection with the transactions described in the CharterMac Proxy Statement filed with the Securities and Exchange Commission on September 5, 2003 ("Proxy Statement"). The Special Common Units had a nominal value upon issuance of $17.78.
- [F5]The Special Common Units are held by The Related Companies, L.P., of which Mr. Ross is a 92% indirect equity owner. Additional Special Common Units will be issued to The Related Companies, L.P. upon the final determination of the allocations between the RCC Principals as described in the Proxy Statement.
- [F6]One-fifth of Mr. Ross's Options will become vested and exercisable on each anniversary of November 17, 2003, and shall be fully exercisable on November 17, 2008.
- [F7]As discussed in the Proxy Statement, the Options were issued to Mr. Ross in consideration for Mr. Ross serving as non-executive chairman of the Board of Trustees.
- [F8]These Options represent Mr. Ross' share of options effectively granted on May 10, 2000 to the Company's former Manager which were previously allocated to a former principal of the Manager and reallocated to Mr. Ross (and the other former principals of the Company's former Manager) in connection with the transactions described in the Proxy Statement.
Documents
Issuer
CHARTER MUNICIPAL MORTGAGE ACCEPTANCE CO
CIK 0001043325
Entity typeother
Related Parties
1- filerCIK 0001222148
Filing Metadata
- Form type
- 4
- Filed
- Nov 18, 7:00 PM ET
- Accepted
- Nov 19, 7:13 PM ET
- Size
- 9.2 KB