FREEDMAN BRUCE H 4
4 · AMB PROPERTY CORP · Filed Jan 4, 2006
Insider Transaction Report
Form 4
FREEDMAN BRUCE H
Executive VP
Transactions
- Disposition to Issuer
Common Stock
2006-01-01−22,459→ 173,584 total - Award
Stock Units
2006-01-01+22,459→ 173,584 total(indirect: By Trust) - Tax Payment
Common Stock
2006-01-01$49.75/sh−406$20,199→ 173,178 total
Footnotes (5)
- [F1]Upon vesting of the 22,459 shares of restricted stock on 1/1/06, the reporting person deferred these shares into the Amended and Restated AMB Nonqualified Deferred Compensation Plan (the "Plan"). The deferral of these shares was credited to the reporting person's account in the form of an equivalent number of stock units, each of which represents the reporting person's right to receive a share of AMB common stock upon distribution of his account. Distribution will occur upon retirement, death, other termination of employment or disability, upon AMB's change of control or on such other date as the reporting person elects.
- [F2]Not applicable.
- [F3]The stock units are held indirectly through a rabbi trust pursuant to the Plan.
- [F4]Shares withheld upon release of restricted stock to cover taxes owing.
- [F5]Of the 173,178 securities beneficially owned, 52,700 are directly held (D) and 95,589 securities are indirectly held (I) as co-trustee for the Bruce H. Freedman Revocable Trust dated 5/28/03, and 24,889 securities are held indirectly (I) through a rabbi trust pursuant to the Amended and Restated AMB Nonqualified and Deferred Compensation Plan.