POST PROPERTIES INC 4
4 · POST PROPERTIES INC · Filed Oct 4, 2005
Insider Transaction Report
Form 4
RICE CHALES E
Director
Transactions
- Other
Phantom Stock Units
2005-09-30+359→ 8,138 total→ Common stock (359 underlying)
Footnotes (2)
- [F1]Under the Issuer's amended and restated deferred compensation plan (the "plan"), a director may defer all or a portion of the fees payable to the director during any calendar year for services as a member of the Issuer's board of directors. The Issuer's stock is the only benchmark investment alternative available under the plan and distributions from the plan may only be made in the Issuer's stock. Effective September 30, 2005, the Issuer issued a number of shares of stock to a rabbi trust organized in connection with the plan equal to the number of shares credited to the reporting person's bookkeeping account for compensation deferred under the plan for the quarter ended September 30, 2005.
- [F2]Under the plan, the reporting person may direct the voting of shares held by the rabbi trust equal to the number of phantom shares held in his account.