4//SEC Filing
COUSINS PROPERTIES INC 4
Accession 0001127602-10-009951
$CUZCIK 0000025232operating
Filed
Mar 31, 8:00 PM ET
Accepted
Apr 1, 4:03 PM ET
Size
12.6 KB
Accession
0001127602-10-009951
Insider Transaction Report
Form 4
KNOX BOONE A
Director
Transactions
- Exercise/Conversion
Common Stock
2010-03-31+152→ 53,278 total - Exercise/Conversion
Phantom Stock
2010-03-31−152→ 152 totalFrom: 2008-03-31Exp: 2011-03-31→ Common Stock (152 underlying) - Disposition to Issuer
Common Stock
2010-03-31$8.31/sh−152$1,263→ 53,126 total
Holdings
- 172,237(indirect: By Foundation)
Common Stock
- 121,751(indirect: BAK Limited, LLLP)
Common Stock
- 8,364(indirect: By Julia R. Knox)
Common Stock
Footnotes (4)
- [F1]Restricted stock units were granted under the Cousins Properties Incorporated (CPI) 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 reporting person settled the 152 vested units for cash from CPI. Each restricted stock unit is the economic equivalent of one share of CPI common stock.
- [F2]Includes 405 shares of restricted stock awarded on 3/31/2008 under the Cousins Properties Incorporated (CPI) 1999 Incentive Stock Plan. These shares will vest 25% per year on each anniversary date of the grant as previously disclosed, and 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 if the Director's service as a member of the CPI Board of Directors terminates, unless separation due to death.
- [F3]Shares held by BAK Limited, LLLP, a limited liability limited partnership of which the reporting person is a 1% general partner and the sole limited partner owning a 98.64% limited interest. The reporting person's wife also owns a 0.09% general interest.
- [F4]Award of restricted stock units under the Cousins Properties Incorporated (CPI) 2005 Restricted Stock Unit Plan, as amended. 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 if the Director's service as a member of the CPI Board of Directors terminates, unless separation is due to death or change in control.
Documents
Issuer
COUSINS PROPERTIES INC
CIK 0000025232
Entity typeoperating
IncorporatedGA
Related Parties
1- filerCIK 0000025232
Filing Metadata
- Form type
- 4
- Filed
- Mar 31, 8:00 PM ET
- Accepted
- Apr 1, 4:03 PM ET
- Size
- 12.6 KB