ARCHSTONE SMITH TRUST 4
4 · ARCHSTONE SMITH TRUST · Filed Jan 3, 2007
Insider Transaction Report
Form 4
GERARDI ERNEST A JR
Other
Transactions
- Exercise/Conversion
Dividend Equivalent Units
2007-01-01$58.21/sh−758$44,123→ 179 totalExercise: $58.21→ Common Shares (758 underlying) - Exercise/Conversion
Common Shares of Beneficial Interest
2007-01-01$58.21/sh+758$44,123→ 102,786 total - Award
Dividend Equivalent Units
2007-01-01$58.21/sh+123$7,160→ 937 totalExercise: $58.21→ Common Shares (123 underlying)
Holdings
- 49,375(indirect: By Spouse)
Common Shares of Beneficial Interest
Footnotes (2)
- [F1]Dividend Equivalent Units accrue on certain option and Restricted Stock Unit grants and vest at the same rate as the underlying grant. Upon settlement DEUs convert to shares of ASN common stock on a 1 to 1 basis and are valued at that time. DEUs have no expiration date.
- [F2]Direct total includes 3,999 Restricted Stock Units issued pursuant to Issuer's Equity Plan for Outside Trustee.