NEELY ALFRED G. 4
4 · ARCHSTONE SMITH TRUST · Filed Jan 3, 2007
Insider Transaction Report
Form 4
NEELY ALFRED G.
President, CES Division
Transactions
- Exercise/Conversion
Common Shares of Beneficial Interest
2007-01-01$58.21/sh+901$52,447→ 30,100 total - Award
Dividend Equivalent Units
2007-01-01$58.21/sh+1,189$69,212→ 5,957 totalExercise: $58.21→ Common Shares (1,189 underlying) - Tax Payment
Common Shares of Beneficial Interest
2007-01-01$58.21/sh−372$21,654→ 29,728 total - Exercise/Conversion
Dividend Equivalent Units
2007-01-01$58.21/sh−901$52,447→ 5,056 totalExercise: $58.21→ Common Shares (901 underlying)
Holdings
- 1,063(indirect: By 401(k))
Common Shares of Beneficial Interest
Footnotes (3)
- [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]Automatic settlement/exercise, Dividend Equivalent Units convert to shares of ASN common stock on a 1 to 1 basis.
- [F3]Direct total includes 29,199 Restricted Stock Units awarded pursuant to Issuer's Long-Term Incentive Plan.