Columbia Equity Trust, Inc. 4
4 · Columbia Equity Trust, Inc. · Filed Jul 7, 2005
Insider Transaction Report
Form 4
Novack John M
Senior VP/CAO
Transactions
- Award
LTIP Units
2005-07-05+28,333→ 28,333 totalExercise: $0.00→ Units (28,333 underlying)
Footnotes (4)
- [F1]The 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]The LTIP Units will expire upon dissolution or 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 teh fair market value of such shares, beginning July 5, 2006.