BEGIER JOHN B 4
4 · KEYSTONE PROPERTY TRUST · Filed Apr 19, 2004
Insider Transaction Report
Form 4
BEGIER JOHN B
Executive Vice President
Transactions
- Award
Common Shares
2004-04-15$21.53/sh+22,063$475,016→ 143,723 total
Holdings
- 23,330
Units of LP interest of Keystone Operating Ptship
→ Common Shares - 150,750
Options
Exercise: $12.83Exp: 2011-04-16→ Common Shares (150,750 underlying) - 65,000
Options
Exercise: $14.50Exp: 2008-12-31→ Common Shares (65,000 underlying) - 37,500
Options
Exercise: $16.50Exp: 2008-01-12→ Common Shares (37,500 underlying)
Footnotes (4)
- [F1]Options to purchase 37,500 Common Shares were granted on 1/12/98. Twenty percent (20%) of these options became exercisable on 12/31/00, and an additional forty percent (40%) of the options became exercisable on each of 12/31/01 and 12/31/02.
- [F2]Options to purchase 65,000 Common Shares were granted on 12/31/98. One-third (1/3) of these options became exercisable on each of 12/31/99, 12/31/00 and 12/31/01.
- [F3]Options to purchase 150,750 Common Shares were granted on 4/16/01. One-third (1/3) of these options became exercisable on each of 4/16/02 and 4/16/03, and an additional one-third (1/3) of the options become exercisable on 4/16/04.
- [F4]OP Units are convertible into Common Shares at a 1:1 ratio upon the exercise of the Conversion Right which can be exercised at any time.