Columbia Equity Trust, Inc. 4
4 · Columbia Equity Trust, Inc. · Filed Jul 7, 2005
Insider Transaction Report
Form 4
Carr Oliver T III
DirectorPresident/ CEO/Chairman
Transactions
- Award
LTIP Units
2005-07-05+35,000→ 35,000 totalExercise: $0.00→ Units (35,000 underlying) - Other
Units
2005-07-05+102,120→ 102,120 total(indirect: Held by Carr Capital Corporation)Exercise: $0.00→ Common Stock (102,120 underlying) - Other
Units
2005-07-05+128,798→ 230,918 total(indirect: By LLC)Exercise: $0.00→ Common Stock (128,798 underlying)
Footnotes (9)
- [F1]LTIP Units may be converted into units of limited partnership interest ("Units") of Columbia Equity, LP, of which the issuer is the general partner, on a one-for-one basis.
- [F2]The LTIP Units are exercisable in five equal annual installments beginning on the first anniversary of the date of grant.
- [F3]LTIP Units will expire upon dissolution or the expiration of the term of Columbia Equity, LP, whichever occurs first.
- [F4]Units may be redeemed for shares of the issuer's Common Stock on a one-for-one basis or, at the election of the issuer, cash equal to the fair market value of such shares, beginning July 5, 2006.
- [F5]The Units were acquired by Carr Capital Corporation ("CCC") in exchange for CCC's contribution of asset and property management agreements to Columbia Equity, LP.
- [F6]Amount of securities beneficially owned represents reporting person's pro rata ownership interest in CCC. The reporting person disclaims beneficial ownership of the remaining balance of Units owned by CCC.
- [F7]Units will expire upon the dissolution or expiration of the term of Columbia Equity, LP, whichever occurs first.
- [F8]The Units were acquired by Carr Capital Real Estate Investments, LLC ("CCREI") in exchange for CCREI's contribution of ownership interests in entities that own certain commercial office properties.
- [F9]CCREI is wholly-owned by CCC. Amount of securities beneficially owned represents reporting person's pro rata ownership interest in CCC. Reporting person disclaims beneficial ownership of remaining balance of Units owned by CCC.