Brower Caroline 4
4 · ARCHSTONE SMITH TRUST · Filed Jan 3, 2007
Insider Transaction Report
Form 4
Brower Caroline
Executive VP and Gen Counsel
Transactions
- Exercise/Conversion
Dividend Equivalent Units
2007-01-01$58.21/sh−3,274$190,580→ 13,359 totalExercise: $58.21→ Common Shares (3,274 underlying) - Award
Dividend Equivalent Units
2007-01-01$58.21/sh+1,228$71,482→ 16,634 totalExercise: $58.21→ Common Shares (1,228 underlying) - Exercise/Conversion
Common Shares of Beneficial Interest
2007-01-01$58.21/sh+3,274$190,580→ 13,403 total - Tax Payment
Common Shares of Beneficial Interest
2007-01-01$58.21/sh−1,168$67,989→ 12,235 total
Footnotes (4)
- [F1]Direct total includes 7,713 Restricted Stock Units awarded pursuant to Issuer's Long-Term Incentive Plan.
- [F2]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.
- [F3]Automatic settlement/exercise, Dividend Equivalent Units convert to shares of ASN common stock on a 1 to 1 basis.
- [F4]Withholding of shares for payment of tax liability on settlement of units.