4//SEC Filing
GLENBOROUGH REALTY TRUST INC 4
Accession 0001209191-06-038219
CIK 0000929454operating
Filed
Jun 26, 8:00 PM ET
Accepted
Jun 27, 1:20 PM ET
Size
7.9 KB
Accession
0001209191-06-038219
Insider Transaction Report
Form 4
BATINOVICH ROBERT
Director
Transactions
- Other
OP Units
2006-06-26+42→ 255,630 total(indirect: via GPA)Exercise: $0.00→ Common Stock (42 underlying)
Footnotes (4)
- [F1]Represents the reporting person's portion of the shares of common stock of the Issuer that would be acquired by GPA, a California limited partnership (a partnership in which the reporting person holds an interest), if GPA exercises its option to redeem ("Redemption Rights") certain operating partnership units ("OP Units") in Glenborough Properties, L.P. (the "Operating Partnership"), and the Issuer, as general partner of the Operating Partnership, in turn elects to redeem such OP Units for shares of the Issuer's common stock, rather than for cash. The number of shares issued in such case would be equal to the number of OP Units redeemed. Beneficial ownership of GPA's OP Units is indirectly attributable to the reporting person by virtue of the reporting person's partnership interest in GPA. GPA was formerly known as Glenborough Partners.
- [F2]This increase in securities of the Issuer indirectly owned by the reporting person did not involve a transfer of securities of the Issuer. The reporting person is an investor in GPA, a partnership which owns OP Units, which may be redeemed for common stock of the Issuer. The reporting person acquired (from other investors in GPA) additional interests in GPA, which in turn increased the pro rata indirect interest of the reporting person in securities of the Issuer held by GPA. Because there was no transfer of securities of the Issuer, no consideration was paid for the acquisition of securities of the Issuer.
- [F3]The OP Units are not convertible or exercisable, but may be redeemed for either cash or, at the option of Issuer, in exchange for a number of shares of the common stock of Issuer equal to the number of OP Units being redeemed.
- [F4]The Redemption Rights expire on December 31, 2095, the expiration of the term of the Operating Partnership.
Documents
Issuer
GLENBOROUGH REALTY TRUST INC
CIK 0000929454
Entity typeoperating
IncorporatedMD
Related Parties
1- filerCIK 0000929454
Filing Metadata
- Form type
- 4
- Filed
- Jun 26, 8:00 PM ET
- Accepted
- Jun 27, 1:20 PM ET
- Size
- 7.9 KB