ARCHSTONE SMITH TRUST 4
4 · ARCHSTONE SMITH TRUST · Filed Jul 11, 2006
Insider Transaction Report
Form 4
CARDWELL JAMES A
Other
Transactions
- Award
Phantom Stock
2006-07-07$51.81/sh+236$12,227→ 586 totalExercise: $51.81→ Common Shares (236 underlying)
Holdings
- 61,632
Common Shares of Beneficial Interest
Footnotes (2)
- [F1]Direct total includes 10,000 Restricted Stock Units and 13,926 units held in Issuer's Deferred Compensation Plan,which are payable in stock on a one-for-one basis, and may not be settled for cash.
- [F2]Each share of phantom stock is the economic equivalent of one share of Common Stock. The shares become payable, at the election of the reporting person, upon the reporting person's termination as trustee.