4//SEC Filing
VAN BERKEL JACOB 4
Accession 0001209191-09-053331
CIK 0000216039other
Filed
Nov 16, 7:00 PM ET
Accepted
Nov 17, 8:30 PM ET
Size
8.5 KB
Accession
0001209191-09-053331
Insider Transaction Report
Form 4
VAN BERKEL JACOB
EVP, HR and Operations
Transactions
- Purchase
Convertible Preferred Stock, par value $0.01
2009-11-13$100.00/sh+250$25,000→ 250 total→ Common Stock, par value $0.01
Holdings
- 217,600
Common Stock, par value $0.01
Footnotes (5)
- [F1]Includes 120,000 restricted shares of Grubb & Ellis Company's (the "Company") common stock awarded to Mr. Van Berkel pursuant to the Company's 2006 Omnibus Equity Plan which will vest in equal thirty-three and one-third (33 1/3%) installments on each first business day after the first, second and third anniversaries of the grant date (December 3, 2008) and are subject to acceleration under certain conditions. Also includes 80,000 restricted shares of the Company's common stock awarded to Mr. Van Berkel pursuant to the Company's 2006 Omnibus Equity Plan which will vest in equal thirty-three and one-third percent (33 1/3%) installments on each first business day after the first, second and third anniversaries of the grant date (January 24, 2008).
- [F2]Beneficially owned shares also include 17,600 restricted shares of the Company's common stock recieved by Mr. Van Berkel in exchange for 20,000 shares of restricted common stock of NNN Realty Advisors, Inc. ("NNN") in connection with the merger of NNN into the Company. The 17,600 restricted shares will vest in equal thirty-three and one-third percent (33 1/3%) installments on each first business day after the first, second and third anniversaries of the grant date (December 4, 2007).
- [F3]The full title of the deriviative security is 12% Cumulative Participating Perpetual Convertible Preferred Stock, par value $0.01 per share (the "Preferred Stock").
- [F4]Each share of Preferred Stock is convertible into 31.322 shares of the Company's common stock, which represents a conversion price of approximately $3.19 per share. If the Company's certificate of incorporation is amended to increase the number of authorized shares of capital stock to 220,000,000 shares, 200,000,000 of such shares being common stock, and 20,000,000 of such shares being preferred stock, each share of Preferred Stock will be convertible into 60.606 shares of the Company's common stock, which represents a conversion price of approximately $1.65 per share.
- [F5]The Preferred Stock is convertible into common stock at any time and has no expiration date.
Documents
Issuer
GRUBB & ELLIS CO
CIK 0000216039
Entity typeother
Related Parties
1- filerCIK 0001421694
Filing Metadata
- Form type
- 4
- Filed
- Nov 16, 7:00 PM ET
- Accepted
- Nov 17, 8:30 PM ET
- Size
- 8.5 KB