GRUBB & ELLIS CO 4
4 · GRUBB & ELLIS CO · Filed Sep 24, 2007
Insider Transaction Report
Form 4
YOUNG RODGER D
Director
Transactions
- Award
Common Stock, par value $0.01
2007-09-20$9.45/sh+5,291$50,000→ 18,245 total
Holdings
- 10,000
Stock Option (right to buy)
Exercise: $2.00Exp: 2013-04-01→ Common Stock, par value $0.01 (10,000 underlying)
Footnotes (3)
- [F1]Represents the restricted shares of Grubb & Ellis Company's common stock that were granted to Mr. Young on September 20, 2007 which vest in equal 33 1/3 portions on each of the first, second, and third anniversaries of the grant date (September 20, 2007).
- [F2]Includes 5,446 restricted shares of Grubb & Ellis Company's common stock that were awarded to Mr. Young pursuant to the terms and conditions of that certain Restricted Stock Agreement, dated as of September 21, 2006, by and between Grubb & Ellis Company and Mr. Young which vest in equal 33 1/3 portions on each of the first, second, and third anniversaries of the grant date (September 21, 2006). Also includes 7,508 restricted shares of Common Stock awarded in 2005 that will vest on September 22, 2008.
- [F3]The option has become fully exercisable as of April 1, 2006.