Weil Andrew J 4
4 · CENTERLINE HOLDING CO · Filed Mar 13, 2009
Insider Transaction Report
Form 4
Weil Andrew J
Other
Transactions
- Conversion
Non-qualified share option
2009-03-11−311,045→ 0 totalFrom: 2008-03-01Exp: 2017-03-01→ Common Shares (311,045 underlying) - Award
Common Shares
2009-03-11$0.15/sh+361,478$54,222→ 451,881 total
Holdings
- 73,136
Special Common Units of Centerline Capital Company , LLC
From: 2007-11-17→ Common Shares (19,984 underlying)
Footnotes (6)
- [F1]The Issuer granted the indicated restricted common shares (the "Shares") to Mr. Weil pursuant to its 2007 Incentive Share Plan. The Shares will vest over a two year period, with 50% vesting on January 1, 2010 and 50% vesting on January 1, 2011.
- [F2]Mr. Weil was granted the restricted common shares with a grant date value of $54,222, a portion of which is in exchange for 311,045 share options with a strike price of $19.06.
- [F3]Centerline Capital Company LLC (formerly known as CharterMac Capital Company, LLC) granted the indicated special common units (the "SCUs") to Mr. Weil pursuant to his employment agreement (the "Employment Agreement"), with an effective date of November 17, 2003. As of November 17, 2007, all of Mr. Weil's SCUs have fully vested. Centerline Capital Company LLC is a subsidiary of the Issuer.
- [F4]The SCUs are valued on a one-to-one basis to the Company's common shares and are payable in cash or common shares at the Issuer's discretion.
- [F5]N/A.
- [F6]On November 20, 2007, pursuant to the Employment Agreement and the SCU's exchange rights agreement, Mr. Weil signed a "Notice of Exchange" requesting that his SCU be exchanged for common shares or cash. On December 6, 2007 the Issuer chose to exchange Mr. Weil's SCUs for cash.