JONES CRAIG B 4
4 · COUSINS PROPERTIES INC · Filed Feb 15, 2011
Insider Transaction Report
Form 4
JONES CRAIG B
Executive Vice President
Transactions
- Award
Common Stock
2011-02-14+18,750→ 112,169 total - Award
Stock Options (Right to Buy)
2011-02-14+27,244→ 27,244 totalExercise: $8.43From: 2012-02-14Exp: 2021-02-14→ Common Stock (27,244 underlying)
Holdings
- 11,457(indirect: By Profit Sharing Plan)
Common Stock
- 1,625(indirect: By Trust)
Common Stock
Footnotes (3)
- [F1]Award of restricted stock shares under the Cousins Properties Incorporated (CPI) 2009 Incentive Stock Plan. These shares will vest equally over three years on each anniversary date of the grant. 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.
- [F2]Option award was granted under the 2009 Incentive Stock Plan. Options will vest 25% per year on each anniversary of the grant date, so will be 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.
- [F3]Includes 40,749 shares of restricted stock awarded under the CPI 1999 and 2009 Incentive Stock Plans. 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.