COUSINS PROPERTIES INC 4
4 · COUSINS PROPERTIES INC · Filed Feb 18, 2014
Insider Transaction Report
Form 4
CHARLESWORTH TOM G
Director
Transactions
- Disposition to Issuer
Common Stock
2014-02-16$10.70/sh−269$2,878→ 43,633 total - Exercise/Conversion
Common Stock
2014-02-16$10.70/sh+269$2,878→ 43,902 total - Exercise/Conversion
Phantom Stock
2014-02-16−269→ 0 totalExercise: $0.00From: 2011-02-16Exp: 2014-02-16→ Common Stock (269 underlying)
Footnotes (2)
- [F1]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.
- [F2]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 separation from service as a member of the Board.