Biller Andrea R 4
4 · GRUBB & ELLIS CO · Filed Nov 30, 2009
Insider Transaction Report
Form 4
Biller Andrea R
Exec. VP, Gen. Counsel, Sec'y
Transactions
- Purchase
Convertible Preferred Stock, par value $0.01
2009-11-25$100.00/sh+1,000$100,000→ 1,000 total→ Common Stock, par value $0.01
Holdings
- 302,610
Common Stock, par value $0.01
- 35,200
Stock Option (right to buy)
Exercise: $10.00Exp: 2016-11-16→ Common Stock, par value $0.01 (35,200 underlying)
Footnotes (4)
- [F1]The full title of the deriviative security is 12% Cumulative Participating Perpetual Convertible Preferred Stock, par value $0.01 per share (the "Preferred Stock").
- [F2]Each share of Preferred Stock is initially 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.
- [F3]The Preferred Stock is convertible, in whole or in part, into common stock at any time at Ms. Biller's option and has no expiration date.
- [F4]The option has become fully exercisable as of November 16, 2008.