Brower Caroline 4
4 · ARCHSTONE SMITH TRUST · Filed Jan 3, 2007
Insider Transaction Report
Form 4
Brower Caroline
Executive VP and Gen Counsel
Transactions
- Tax Payment
Common Shares of Beneficial Interest
2006-12-31$58.21/sh−1,632$94,999→ 10,129 total - Exercise/Conversion
Dividend Equivalent Units
2007-01-01$58.21/sh−532$30,968→ 15,405 totalExercise: $58.21→ Common Shares (532 underlying) - Exercise/Conversion
Common Shares of Beneficial Interest
2006-12-31$58.21/sh+532$30,968→ 11,761 total
Footnotes (4)
- [F1]Direct total includes 7,713 Restricted Stock Units awarded pursuant to Issuer's Long-Term Incentive Plan.
- [F2]Automatic settlement/exercise, Dividend Equivalent Units convert to shares of ASN common stock on a 1 to 1 basis.
- [F3]Withholding of shares for payment of tax liability on settlement of vesting dividend equivalent units and restricted stock units.
- [F4]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.