BLUMENTHAL GLENN 4
4 · AMERICAN FINANCIAL REALTY TRUST · Filed Jan 9, 2006
Insider Transaction Report
Form 4
BLUMENTHAL GLENN
DirectorSenior VP - Asset Management
Transactions
- Gift
Common Shares
2006-01-06−12,000→ 330,367 total
Holdings
- 1,000
Partnership Units
→ Common Shares (1,000 underlying) - 388,335
Stock Option (right to buy)
Exercise: $10.00Exp: 2012-09-10→ Common Shares (388,335 underlying)
Footnotes (3)
- [F1]This amount includes: (i) 64,367 restricted common shares awarded on January 4, 2005 pursuant to the Issuer's 2002 Equity Incentive Plan (Plan), which shares vest at a rate of 25% on the first anniversary of the date of issuance and in equal installments of 6.25% at the end of each quarter thereafter; (ii) 60,000 restricted common shares awarded on January 2, 2004 pursuant to the Issuer's Plan, which shares vest at a rate of 25% on the first anniversary of the date of issuance and in equal installments of 6.25% at the end of each quarter thereafter; and (iii) 218,000 restricted common shares awarded on July 1, 2003 pursuant to the Issuer's Plan, which shares vest at a rate of 33.33% on the first anniversary of the date of issuance and in equal installments of 8.33% at the end of each quarter thereafter.
- [F2]This option was granted on September 10, 2002, under the Issuer's 2002 Equity Incentive Plan. The option will vest and become exercisable at a rate of 25% on the first anniversary of the date of grant and 6.25% at the end of each quarter thereafter.
- [F3]Pursuant to Section 8.04 of the Amended and Restated Agreement of Limited Partnership of First States Group, L.P.,units of the operating partnership may be converted into common shares on a one-for-one basis, subject to adjustments for stock splits, dividends, recapitalizations and similar events or, at the issuer's option, redeemed for a cash amount equal to the value of common shares for which the units would otherwise be converted.