ARCHSTONE SMITH TRUST 4
4 · ARCHSTONE SMITH TRUST · Filed Feb 23, 2005
Insider Transaction Report
Form 4
ROSENBERG JAMES D
President, CES Division
Transactions
- Tax Payment
Common Shares of Beneficial Interest
2005-02-21$24.27/sh−8$194→ 22,542 total - Exercise/Conversion
Dividend Equivalent Units
2005-02-21$34.27/sh−23$788→ 1,532 totalExercise: $34.27→ Common Shares (23 underlying) - Exercise/Conversion
Common Shares of Beneficial Interest
2005-02-21$34.27/sh+23$788→ 22,550 total
Footnotes (4)
- [F1]Automatic conversion of vested Dividend Equivalent Units associated with Restricted Stock Units, pursuant to Issuer's Equity Plan for Outside Trustees.
- [F2]Withholding of shares for payment of tax liability on the settlement of vested Dividend Equivalent Units. Mr. Rosenberg was then issued 15 shares.
- [F3]Direct total includes 15,194 Restricted Stock Units awarded under Issuer's Long-Term Incentive Plan.
- [F4]Dividend Equivalent Units accrue on certain options and Restricted Stock Unit grants and vest at the same rate as the underlying grant. Upon settlement and are valued at that time. DEUs have no expiration date.