ARCHSTONE SMITH TRUST 4
4 · ARCHSTONE SMITH TRUST · Filed Dec 12, 2006
Insider Transaction Report
Form 4
CARDWELL JAMES A
Other
Transactions
- Award
Common Shares of Beneficial Interest
2006-12-08$59.20/sh+102$6,038→ 61,848 total - Award
Phantom shares
2006-12-08$59.20/sh+15$888→ 875 totalExercise: $59.20→ Common Shares (22 underlying)
Footnotes (3)
- [F1]Dividend reinvestment earned on fees which were previously deferred into share units pursuant to Issuer's Deferred Compensation Plan.
- [F2]Direct total includes 10,000 Restricted Stock Units issued pursuant to Issuer's Equity Plan for Outside Trustees, and 14,142 units held in Issuer's Deferred Compensation Plan, which are payable in stock on a one-to-one basis, and may not be settled in cash.
- [F3]Phantom Shares held in Issuer's Deferred Compensation Plan. Each share of phantom stock is the economic equivalent of one share of Common Stock. The shares of phantom stock become payable, in cash or common stock, at the election of the reporting person, upon the reporting person's termination of service.