4//SEC Filing
SCHORSCH SHELLEY D 4
Accession 0001209191-03-024413
CIK 0001193558other
Filed
Oct 1, 8:00 PM ET
Accepted
Oct 2, 9:48 PM ET
Size
11.9 KB
Accession
0001209191-03-024413
Insider Transaction Report
Form 4
SCHORSCH SHELLEY D
Senior VP - Corporate Affairs
Transactions
- Other
Partnership Units
2003-09-30+222,040→ 1,341,946 total(indirect: By Spouse)→ Common Shares (1,233,450 underlying) - Other
Partnership Units
2003-09-30+15,104→ 0 total(indirect: By Holdings Two, L.P.)→ Common Shares (15,104 underlying)
Holdings
- 1,815,040(indirect: By Spouse)
Common Shares
- 209,550(indirect: By Trust)
Common Shares
- 100,000
Stock Option (right to buy)
Exercise: $11.65Exp: 2012-12-18→ Common Shares (100,000 underlying) - 57,100
Common Shares
- 1,515,625(indirect: By Spouse)
Stock Option (right to buy)
Exercise: $10.00Exp: 2012-09-10→ Common Shares (1,515,625 underlying)
Footnotes (9)
- [F1]Includes 47,000 restricted common shares issued pursuant to the issuer's 2002 Equity Incentive Plan. The restricted common shars were issued on July 1, 2003, and vest 25% on the first anniversary of the date of issuance and 6.25% at the end of each quarter thereafter.
- [F2]Includes (i) 600,000 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; and (ii) 1,100,000 common shares held by a Grantor Retained Annuity Trust, of which Ms. Schorsch's spouse is the sole settlor and trustee.
- [F3]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 or derivative securities.
- [F4]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 date of the grant and 6.25% at the end of each quarter thereafter, and expires on December 18, 2012.
- [F5]This option was 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.
- [F6]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.
- [F7]These partnership units of First States Group, L.P., the issuer's operating partnership, were issued to Holdings Two, L.P., in consideration for the sale of partnership interests of First States Wilmington, JV, L.P., of which Holdings Two was a limited partner. The reporting person is the sole owner of Meadowcourt Trust, which is a limited partner of Holdings Two, L.P. The reporting person disclaims beneficial ownership of units held by this partnership except to the extent of her pecuniary interest therein.
- [F8]The aggregate number of partnership units indirectly beneficially owned by the reporting person following the reported transaction is shown in row 4.
- [F9]These partnership units of First States Group, L.P., the issuer's operating partnership, were issued to the reporting person's spouse in connection with his sale of partership interests of First States Wilmington, JV, L.P.
Documents
Issuer
AMERICAN FINANCIAL REALTY TRUST
CIK 0001193558
Entity typeother
Related Parties
1- filerCIK 0001248282
Filing Metadata
- Form type
- 4
- Filed
- Oct 1, 8:00 PM ET
- Accepted
- Oct 2, 9:48 PM ET
- Size
- 11.9 KB