FARRELL TODD 4
4 · SUMMIT PROPERTIES INC · Filed Dec 27, 2004
Insider Transaction Report
Form 4
FARRELL TODD
Executive VP - Investments
Transactions
- Disposition to Issuer
Common Stock
2004-12-22$32.89/sh−9,600$315,744→ 2,400 total
Footnotes (1)
- [F1]On December 17, 2004, the Company's Board of Directors accelerated the vesting of certain shares of restricted stock held by the Reporting Person, and the restricted stock and performance based stock awards were subsequently cancelled by mutual agreement of the Reporting Person and the Company. The reporting person received $315,744 as consideration for the cancellation of the restricted stock