4/A//SEC Filing
SCHORSCH SHELLEY D 4/A
Accession 0001209191-03-023476
CIK 0001193558other
Filed
Sep 29, 8:00 PM ET
Accepted
Sep 30, 4:56 PM ET
Size
6.8 KB
Accession
0001209191-03-023476
Insider Transaction Report
Form 4/AAmended
SCHORSCH SHELLEY D
Senior VP - Corporate Affairs
Transactions
- Award
Common Shares
2003-07-01+47,000→ 57,100 total
Footnotes (5)
- [F1]Includes 47,000 restricted common shares issued pursuant to the issuer???s 2002 Equity Incentive Plan. The restricted common shares were issued on July 1, 2003, and vest 33.33% on the first anniversary of the date of issuance and 8.33% at the end of each quarter thereafter.
- [F2]The reporting person also holds the following equity securities indirectly: 1,100,000 common shares held by a Grantor Retained Annuity Trust, of which Ms. Schorsch???s spouse is the sole settlor and trustee; 209,550 common shares held by trusts for children; and 715,040 common shares held by Spouse. This statement shall not be deemed an admission that the undersigned is, for purposes of Section 16 or otherwise, the beneficial owner of any of these equity securities.
- [F3]The reporting person also holds the following derivative securities directly: Stock Option for the right to buy 100,000 common shares at $11.65 per share. This option was granted on December 18, 2002, under the issuer???s 2002 Equity Incentive Plan. The option will vest and become exercisable at a rate of 25% on the first anniversary of the grant date and 6.25% at the end of each quarter thereafter, and expires on December 18, 2003.
- [F4]The reporting person also holds the following derivative securities indirectly: (i) Stock Option held by Ms. Schorsch's spouse for right to buy 1,515,625 common shares at $10.00 per share, granted on September 10, 2002, under the issuer's 2002 Equity Incentive Plan. The option will vest and become exercisable at a rate of 25% on the first anniversary of the grant date and 6.25% at the end of each quarter thereafter, and expires on September 10, 2012; and (ii) 1,104,802 Units of First States Group, L.P., the issuer's operating partnership. Pursuant to Section 8.04 of the Amended and Restated Agreement of Limited Partnership of First States Group, L.P., units of the operating partnership may be converted into common shares on a one-for-one basis, subject to adjustments for stock splits, dividends, recapitalizations and similar events or, at the issuer's option, redeemed for a cash amount equal to the value of common shares for which the units would otherwise be converted.
- [F5]For purposes of footnotes 2 and 4, these statements shall not be deemed an admission that the undersigned is, for purposes of Section 16 or otherwise, the beneficial owner of any of these equity or derivative securities.
Documents
Issuer
AMERICAN FINANCIAL REALTY TRUST
CIK 0001193558
Entity typeother
Related Parties
1- filerCIK 0001248282
Filing Metadata
- Form type
- 4/A
- Filed
- Sep 29, 8:00 PM ET
- Accepted
- Sep 30, 4:56 PM ET
- Size
- 6.8 KB