BLATZ ROBERT G 4
4 · AMERICAN LAND LEASE INC · Filed Feb 2, 2007
Insider Transaction Report
Form 4
BLATZ ROBERT G
President and COO
Transactions
- Award
Employee Stock Option (right to buy)
2007-01-31$3.73/sh+26,810$100,001→ 26,810 totalExercise: $27.65Exp: 2017-01-31→ Common Stock, .01 par (26,810 underlying) - Award
Common Stock, par value $.01
2007-01-31$27.65/sh+2,231$61,687→ 222,315.78 total - Award
Common Stock, par value $.01
2007-01-31$27.65/sh+35,000$967,750→ 257,315.78 total
Footnotes (3)
- [F1]Restricted shares awarded by the Compensation Committee of the Board of Directors on January 31, 2007. The shares have a four year vesting schedule beginning on the first anniversary of date of grant.
- [F2]Options awarded by the Compensation Committee of the Board of Directors on January 31, 2007. The options vest equally over four year period beginning on the first anniversary of the date of grant.
- [F3]Shares granted by the Compensation Committee of the Board of Directors on January 31, 2007 constitute performance based stock where by the Company issued restricted common stock (the "HPS") shares) under the terms of the Company's 1998 Stock Incentive Plan. The HPS shares vest based upon the extent, if any, that the total return realized by shareholders exceeds the ten-year average total return of the Equity REIT Index, as reported by the National Association of Real Estate Investment Trusts. The total return for the Company is measured over a three-year period that ends on December 31,2009. To the extent that shares are not vested as of the final calculation date, such shares are forfeited and are returned to the Company.