4//SEC Filing
YOUNG RODGER D 4
Accession 0001209191-09-053336
CIK 0000216039other
Filed
Nov 16, 7:00 PM ET
Accepted
Nov 17, 8:40 PM ET
Size
8.9 KB
Accession
0001209191-09-053336
Insider Transaction Report
Form 4
YOUNG RODGER D
Director
Transactions
- Purchase
Convertible Preferred Stock, par value $0.01
2009-11-13$100.00/sh+500$50,000→ 500 total→ Common Stock, par value $0.01
Holdings
- 10,000
Stock Option (right to buy)
Exercise: $2.00Exp: 2013-04-01→ Common Stock, par value $0.01 (10,000 underlying) - 61,241
Common Stock, par value $0.01
Footnotes (5)
- [F1]Beneficially owned shares include 20,000 restricted shares of Grubb & Ellis Company's (the "Company") common stock that were awarded to Mr. Young pursuant to the Company's 2006 Omnibus Equity Plan which vest in equal 33 1/3 portions on each of the first, second, and third anniversaries of the grant date (December 10, 2008). Beneficially owned shares also include 8,996 restricted shares of the Company's common stock that were awarded to Mr. Young pursuant to the Company's 2006 Omnibus Equity Plan which vest in equal 33 1/3 portions on each of the first, second, and third anniversaries of the grant date (December 10, 2007).
- [F2]The full title of the deriviative security is 12% Cumulative Participating Perpetual Convertible Preferred Stock, par value $0.01 per share (the "Preferred Stock").
- [F3]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.
- [F4]The Preferred Stock is convertible into common stock at any time and has no expiration date.
- [F5]The option has become fully exercisable as of April 1, 2006.
Documents
Issuer
GRUBB & ELLIS CO
CIK 0000216039
Entity typeother
Related Parties
1- filerCIK 0001232785
Filing Metadata
- Form type
- 4
- Filed
- Nov 16, 7:00 PM ET
- Accepted
- Nov 17, 8:40 PM ET
- Size
- 8.9 KB