JONES CHARLES R 4
4 · CORRECTIONAL PROPERTIES TRUST · Filed Jan 5, 2004
Insider Transaction Report
Form 4
JONES CHARLES R
DirectorPresident & CEO
Transactions
- Award
Deferred Shares
2003-12-31+7,500→ 7,500 totalExercise: $0.00From: 2009-04-30→ Common stock (7,500 underlying)
Footnotes (1)
- [F1]These deferred shares were granted pursuant to a Deferred Share Long-Term Loyalty Bonus Agreement in connection with the termination of the Senior Executive Retirement Plan. In the event, Charles R. Jones voluntarily resigns his employment with the Company or is terminated by the Company for cause prior to April 30, 2009, all of the deferred shares shall be forfeited immediately. If on or after April 30, 2007, Charles R. Jones' employment with the Company is terminated for any reason other than by his resignation or by the Company for cause, all of the deferred shares shall vest.