CLEMENTS LISA M 4
4 · CAPITAL AUTOMOTIVE REIT · Filed Jan 26, 2004
Insider Transaction Report
Form 4
CLEMENTS LISA M
Chief Accounting Officer
Transactions
- Award
Phantom Shares
2004-01-22$27.09/sh+739$20,018→ 739 total→ Common Shares of Beneficial Interest (739 underlying) - Award
Common Shares of Beneficial Interest
2004-01-22$0.01/sh+5,168$52→ 17,205 total
Footnotes (5)
- [F1]This amount represents restricted shares that will vest on January 22, 2009.
- [F2]Of these shares, 10,996 represent restricted shares. The Reporting Person does not have voting or dispositive power with respect to the restricted shares. However, the Reporting Person receives dividend equivalents with respect to the restricted shares.
- [F3]Phantom shares are awarded upon mandatory and optional deferrals of the Reporting Person's annual bonus from the Company at a 20% discount to fair market value. The Reporting Person does not have voting or dispositive power with respect to the phantom shares. However, the Reporting Person receives dividend equivalents with repect to the phantom shares.
- [F4]1 for 1
- [F5]On January 22, 2007 the Phantom Shares will be paid to the Reporting Person in the form of common shares or, if mutually agreed to between the Reporting Person and the Company, cash. Notwithstanding the foregoing, the Reporting Person may elect to defer payment of the phantom shares to extend beyond such date to (i) either a later date or (ii) the date the Reporting Person terminated employment with the Company or the first January 15 following termination of employment. If the Reporting Persons's employment with the Company is terminated before such date, the Reporting Person will be paid the lesser of (i) the amount of the annual bonus deferred or (ii) an amount equal to the number of the phantom shares multiplied by the fair market value of the common shares underlying the phantom shares on the termination date.