4//SEC Filing
CAPITAL AUTOMOTIVE REIT 4
Accession 0001209191-04-004557
CIK 0001049316operating
Filed
Jan 25, 7:00 PM ET
Accepted
Jan 26, 12:19 PM ET
Size
15.6 KB
Accession
0001209191-04-004557
Insider Transaction Report
Form 4
FERRIERO JAY M
Sr. V. President-Acq
Transactions
- Award
Common Shares of Beneficial Interest
2004-01-22$0.01/sh+16,243$162→ 42,531 total - Award
Phantom Shares
2004-01-22$27.09/sh+2,289$62,004→ 2,289 total→ Common Shares of Beneficial Interest (2,289 underlying) - Exercise/Conversion
Phantom Shares
2004-01-23−2,683→ 0 total→ Common Shares of Beneficial Interest (2,683 underlying) - Exercise/Conversion
Common Shares of Beneficial Interest
2004-01-23+1,668→ 42,531 total - Tax Payment
Phantom Shares
2004-01-23−1,015→ 0 total→ Common Shares of Beneficial Interest (1,015 underlying)
Footnotes (8)
- [F1]This amount represents restricted shares that will vest on January 22, 2009.
- [F2]Of these shares, 40,063 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]Issued upon the settlement of phantom shares that vested on January 23, 2004.
- [F4]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.
- [F5]1 for 1.
- [F6]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.
- [F7]Issued upon the settlement of phantom shares that vested on January 23, 2004.
- [F8]These phantom shares were withheld by the Company to pay the minimum federal and state taxes owed upon the vesting of the 2,683 phantom shares on January 23, 2004 referenced above.
Documents
Issuer
CAPITAL AUTOMOTIVE REIT
CIK 0001049316
Entity typeoperating
IncorporatedMD
Related Parties
1- filerCIK 0001049316
Filing Metadata
- Form type
- 4
- Filed
- Jan 25, 7:00 PM ET
- Accepted
- Jan 26, 12:19 PM ET
- Size
- 15.6 KB