CAPITAL AUTOMOTIVE REIT 4
4 · CAPITAL AUTOMOTIVE REIT · Filed Jul 28, 2005
Insider Transaction Report
Form 4
HOGLUND WILLIAM E
Other
Transactions
- Award
Phantom Shares
2005-07-26$39.80/sh+258$10,268→ 2,165 total→ Common Shares of Beneficial Interest (258 underlying)
Footnotes (3)
- [F1]Pursuant to the Company's Deferred Compensation and Stock Plan for Trustees, and the Deferred Fee Agreement dated December 15, 2003 executed by the Reporting Person, the Reporting Person has elected to defer receipt of his quarterly fee for attending Board and Committee meetings, and receive shares that are valued by the quotient of the amount of Trustee fees accrued since the previous quarter, divided by the Fair Market Value of the Company's common shares calculated on the next business day following each regularly scheduled quarterly Board of Trustees meeting.
- [F2]1 for 1.
- [F3]On the January 15th following the date of termination of service as a trustee, the Phantom Shares will be paid to the Reporting Person in the form of common shares or, at the option of the Company, cash.