WILKES THOMAS L 4
4 · POST PROPERTIES INC · Filed Feb 11, 2009
Insider Transaction Report
Form 4
WILKES THOMAS L
EVP and President PAM
Transactions
- Award
Common Stock
2009-02-09+16,667→ 87,650.01 total - Award
Stock option (right to buy)
2009-02-09+60,000→ 60,000 totalExercise: $12.22From: 2010-02-09Exp: 2019-02-09→ Common Stock (60,000 underlying)
Footnotes (2)
- [F1]Restricted stock awarded under the company's Amended and Restated Post Properties, Inc. 2003 Incentive Stock Plan. Restricted stock vests one-third each year over a three year period beginning on 12/31/2009.
- [F2]Option vests one-third each year over a three year period beginning 02/09/2010. As the option vests the Reporting Person may elect to treat the vested portion as a stock appreciation right and receive the value between the exercise price and the current market price in shares of common stock equal to the spread at the time of the exercise.