4//SEC Filing
Yenser Steven V 4
Accession 0001127602-10-005197
CIK 0000025232other
Filed
Feb 16, 7:00 PM ET
Accepted
Feb 17, 6:09 PM ET
Size
15.5 KB
Accession
0001127602-10-005197
Insider Transaction Report
Form 4
Transactions
- Exercise/Conversion
Common Stock
2010-02-16+1,216→ 15,025 total - Exercise/Conversion
Phantom Stock
2010-02-16−1,216→ 3,650 totalFrom: 2010-02-16Exp: 2013-02-16→ Common Stock (1,216 underlying) - Award
Common Stock
2010-02-15+9,702→ 13,809 total - Disposition to Issuer
Common Stock
2010-02-16$7.53/sh−1,216$9,156→ 13,809 total - Award
Stock Options (Right to Buy)
2010-02-15$7.02/sh+16,779$117,789→ 16,779 totalExercise: $7.02From: 2011-02-15Exp: 2020-02-15→ Common Stock (16,779 underlying)
Holdings
- 720.751(indirect: By Profit Sharing Plan)
Common Stock
Footnotes (6)
- [F1]Shares held by the reporting person as beneficiary in the Company's Profit Sharing Plan.
- [F2]Award of restricted stock shares under the Cousins Properties Incorporated (CPI) 2009 Incentive Stock Plan. These shares will cliff vest on continued service on 2/15/2013. CPI will hold these shares until such shares become vested. While the shares are being held prior to vesting, the reporting person will have the right to receive all cash dividends and to vote the restricted shares. All unvested shares will forfeit upon termination of employment.
- [F3]Award of restricted stock units under Cousins Properties Incorporated (CPI) 2005 Restricted Stock Unit Plan. Each unit represents a right to receive a payment in cash equal to the average of the closing price of CPI's common stock on each trading day during the 30 day period ending on 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. Unforfeited shares held prior to vesting will earn dividends paid annually but will not have shareholder rights. All unvested shares will forfeit upon termination of employment.
- [F4]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.
- [F5]These options were granted under the 2009 Incentive Stock Plan. These options will vest 25% per year on the anniversary of the grant date, with shares being 100% vested in year 4 of the grant term. The reporting person may, as an alternative to exercising the stock option right to purchase the full allotment of CPI stock, elect a cashless exercise. The cashless exercise allows the reporting person to receive the number of whole shares of CPI stock equal to the difference between the fair market value of the stock on the date of exercise and the option price.
- [F6]Includes 9,702 of restricted stock awarded under the Cousins Properties Incorporated (CPI) 2009 Incentive Stock Plan. These shares will cliff vest on continued service on 2/15/2013. CPI will hold these shares until such shares become vested. While the shares are being held prior to vesting, the reporting person will have the right to receive all cash dividends and to vote the restricted shares. All unvested shares will forfeit upon termination of employment.
Documents
Issuer
COUSINS PROPERTIES INC
CIK 0000025232
Entity typeother
Related Parties
1- filerCIK 0001453423
Filing Metadata
- Form type
- 4
- Filed
- Feb 16, 7:00 PM ET
- Accepted
- Feb 17, 6:09 PM ET
- Size
- 15.5 KB