BLATZ ROBERT G 4
4 · AMERICAN LAND LEASE INC · Filed Feb 28, 2005
Insider Transaction Report
Form 4
BLATZ ROBERT G
President and COO
Transactions
- Award
Common Stock, par value $.01
2005-02-09$23.05/sh+45,000$1,037,250→ 209,945 total
Footnotes (1)
- [F1]Shares granted by Board of Directors on February 9, 2005 constitute performance based restricted stock where by the Company issued restricted common stock (the "HPS" shares) under the terms of the Company's 1998 Stock Incentive Plan. The HPS shares vest based upon the extent, if any, that the total return realized by shareholders exceeds the ten-year average total return of the Equity REIT Index, as reported by the National Association of Real Estate Investment Trusts. The total return for the Company is measured over a three year period that ends on December 31, 2007. To the extent that shares are not vested as of the final valuation date, such shares are forfeited and are returned to the Company.