4//SEC Filing
PORTER CHRISTOPHER T 4
Accession 0001180154-05-000065
CIK 0000918958other
Filed
May 2, 8:00 PM ET
Accepted
May 3, 7:00 PM ET
Size
13.3 KB
Accession
0001180154-05-000065
Insider Transaction Report
Form 4
PORTER CHRISTOPHER T
VP, Treasurer
Transactions
- Award
Units of limited partnership of Operating Partnership
2005-04-28+30,000→ 30,000 totalExp: 2010-06-30→ Common Shares (60,000 underlying) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2005-04-28−7,544→ 32,456 totalExercise: $16.88Exp: 2009-11-29→ Common Shares (7,544 underlying) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2005-04-28−25,000→ 0 totalExercise: $17.51Exp: 2012-02-18→ Common Shares (25,000 underlying)
Holdings
- 1,000
Series B Preferred
Footnotes (8)
- [F1]9.50% Series B Cumulative Redeemable Preferred Shares
- [F2]As condition to and in exchange for grant described in FN 7, Reporting Person on April 28, 2005, in transaction exempt under Rule 16b-3(e), relinquished to Issuer for cancellation employee stock options covering 32,544 Common Shares.
- [F3]Option granted November 30, 1999, pursuant to Issuer's Second Amended and Restated 1995 Stock Incentive Plan; vests and becomes exercisable in 20% increments on first, second, third, fourth and fifth anniversary dates of grant.
- [F4]Option granted February 19, 2002, pursuant to Issuer's Third Amended and Restated Stock 1995 Stock Incentive Plan; vests and becomes exercisable in 20% increments on first, second, third, fourth and fifth anniversary dates of grant.
- [F5]Crescent Real Estate Equities Limited Partnership ("Operating Partnership")
- [F6]Beginning on second anniversary of date of grant, each vested Unit exchangeable for cash equivalent to market value of two Common Shares of Issuer stock or, at discretion of Issuer, but subject to shareholder approval, for two Common Shares of Issuer stock, subject to normal antidilution adjustments.
- [F7]Satisfaction on April 28, 2005 of conditions to grant by Operating Partnership pursuant to 2004 Crescent Real Estate Equities Limited Partnership Long-Term Incentive Plan in transaction exempt under Rule 16b-3(d). 20% of Units vest when trailing 40 trading day closing sale price average ("Average Close") equals or exceeds $19; additional 20%, when Average Close equals or exceeds $20; additional 20%, when Average Close equals or exceeds $21; additional 20%, when Average Close equals or exceeds $22.50; and final 20%, when Average Close equals or exceeds $24. General Partner of Operating Partnership has discretionary authority to establish alternative vesting schedules based on Issuer's achievement of annual performance targets as determined from time to time by the Compensation Committee of General Partner.
- [F8]Applicable solely to unvested Units; not applicable to vested Units
Documents
Issuer
CRESCENT REAL ESTATE EQUITIES CO
CIK 0000918958
Entity typeother
Related Parties
1- filerCIK 0001184168
Filing Metadata
- Form type
- 4
- Filed
- May 2, 8:00 PM ET
- Accepted
- May 3, 7:00 PM ET
- Size
- 13.3 KB