POLK JAMES H III 4
4 · ARCHSTONE SMITH TRUST · Filed Jan 4, 2005
Insider Transaction Report
Form 4
POLK JAMES H III
Other
Transactions
- Award
Dividend Equivalent Units
2005-01-01$38.30/sh+1,336$51,169→ 3,156 totalExercise: $38.30→ Common Shares (1,336 underlying) - Exercise/Conversion
Common Shares of Beneficial Interest
2005-01-01$38.30/sh+186$7,124→ 25,728 total - Exercise/Conversion
Dividend Equivalent Units
2005-01-01$38.30/sh−186$7,124→ 2,969 totalExercise: $38.30→ Common Shares (186 underlying)
Footnotes (3)
- [F1]Automatic conversion of vested Dividend Equivalent Units associated with Restricted Stock Units, pursuant to Issuer's Equity Plan for Outside Trustees.
- [F2]Total includes 4333 Restricted Share Units issued pursuant to Issuer's Equity Plan for Outside Trustees.
- [F3]Dividend Equivalent Units accrue on certain option and Restricted Stock Unit grants and vest at the same rate as the underlying grant. Upon settlement DEUs convert to shares of ASN common stock on a 1 to 1 basis and are valued at that time. DEUs have no expiration date.