Yenser Steven V 4
4 · COUSINS PROPERTIES INC · Filed Dec 11, 2009
Insider Transaction Report
Form 4
Transactions
- Exercise/Conversion
Phantom Stock
2009-12-09−662→ 0 totalExercise: $0.00From: 2006-12-09Exp: 2009-12-09→ Common Stock (662 underlying) - Exercise/Conversion
Common Stock
2009-12-09+662→ 4,719 total - Disposition to Issuer
Common Stock
2009-12-09$7.35/sh−662$4,866→ 4,057 total
Holdings
- 712.751(indirect: By Profit Sharing Plan)
Common Stock
Footnotes (3)
- [F1]Shares held by the reporting person as beneficiary in the Company's Profit Sharing Plan.
- [F2]Award of restricted stock units under the 2005 RSU Plan. Each unit represents a right to receive a payment in cash equal to the fair market value of one share of CPI's common stock as of the date payment is due under the plan. These units will vest 25% per year on each anniversary date of the grant, with units being 100% vested in year 4 of the grant term. While the shares are being held prior to vesting, the reporting person will have the right to receive all cash dividends but will not have shareholder rights. All unvested shares will forfeit upon termination of employment.
- [F3]Restricted stock units were granted under the Cousins Properties Incorporated 2005 Restricted Stock Unit Plan (the 2005 RSU Plan) and have vested as to 25% of the total units granted. As required under the 2005 RSU Plan, the vested units were settled for cash from CPI. Each restricted stock unit is the economic equivalent of one share of CPI common stock.