WCI COMMUNITIES INC 4
4 · WCI COMMUNITIES INC · Filed Oct 4, 2006
Insider Transaction Report
Form 4
ACKERMAN DON E
Director
Transactions
- Award
Common Stock
2006-10-02+2,815→ 3,404,677 total(indirect: By Trust)
Holdings
- 24,105(indirect: Other)
Common Stock
Footnotes (4)
- [F1]Stock 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 12/31/05 to receive Issuer common stock for compensation under the Compensation Program.
- [F2]The Form 4 filed by the Reporting Person on 09/15/06 overstated the the Amount of Securities Beneficially Owned by 100 shares.
- [F3]Stock is held in the name of Don E. Ackerman Trust UDA 12/14/1996 ("1996 Trust"); the Reporting Person is the Trustee and the Beneficiary of the 1996 Trust. On 09/21/06 and 09/25/06 the Don E. Ackerman 2005 Irrevocable Trust 12/15/05 ("2005 Trust") , of which the wife and son of the Reporting Person are the Trustees, transferred to the 1996 Trust an aggregate total of 3,394,370 shares of Issuer common stock. Previous Form 4s had reported the holdings of the 2005 Trust separately. The holdings of Issuer common stock in the 2005 Trust after the 09/25/06 transfer to the 1996 Trust are "0".
- [F4]Reporting Person reports interest in 24,105 shares of Issuer common stock held by Chandelle Ventures, Inc. of which Reporting Person is majority shareholder and President.