COBB CHARLES E JR 4
4 · WCI COMMUNITIES INC · Filed Jan 10, 2006
Insider Transaction Report
Form 4
COBB CHARLES E JR
Director
Transactions
- Award
Common Stock (Restricted Stock Units)
2006-01-10+1,099→ 16,099 total
Footnotes (2)
- [F1]Restricted Stock Units granted pursuant to the Compensation Program for Non-Employee Directors ("Compensation Program") adopted by Issuer's Board of Directors effective 10/03/2005. Reporting Person pre-elected prior to 12/31/2005 to receive RSU's as part of all of his compensation. Pursuant to the Compensation Program, the RSU's granted vest immediately and are payable in stock.
- [F2]In addition 5,000 shares of Issuer common stock are owned by the Cobb Family 22nd Century Fund 1, a trust establised for the descendants of Reporting Person. Reporting Person is a Trustee and the Settlor of the Trust. Reporting Person is not a beneficiary of the Trust.