GRAMERCY CAPITAL CORP 4
4 · GRAMERCY CAPITAL CORP · Filed Jan 27, 2010
Insider Transaction Report
Form 4
KONIGSBERG PAUL J
Director
Transactions
- Award
Phantom Stock Units
2010-01-04+7,291.51→ 73,743.01 total→ Common Stock (7,291.51 underlying)
Footnotes (3)
- [F1]1 for 1.
- [F2]This grant includes 1,500 restricted units that will vest annually in three equal installments commencing January 1, 2011.
- [F3]The phantom stock units become payable in common stock (or in certain cases in cash) upon (unless the reporting person elects otherwise in accordance with the documents governing the applicable program) the earlier of (i) the January 1 coincident with or next following the earlier of (A) the reporting person's ceasing to be a director, and (B) the reporting person's death, and (ii) a change of control of the Company (as determined under such governing documents). In addition, the reporting person may be permitted to elect to receive distributions (i) for certain unforeseeable emergencies and (ii) in the form of installment payments.