4//SEC Filing
Mainardi Gabriel J 4
Accession 0001209191-10-015257
CIK 0000790816other
Filed
Mar 7, 7:00 PM ET
Accepted
Mar 8, 4:19 PM ET
Size
12.5 KB
Accession
0001209191-10-015257
Insider Transaction Report
Form 4
Mainardi Gabriel J
Vice President-Treasurer
Transactions
- Award
Performance Shares
2010-03-04+1,794→ 1,794 totalExercise: $0.00→ Common Shares of Beneficial Interest (1,794 underlying) - Award
Common Shares of Beneficial Interest
2010-03-04+2,583→ 13,561 total - Award
Stock Option (Right to Buy)
2010-03-04+9,989→ 9,989 totalExercise: $11.31From: 2011-03-04Exp: 2020-03-04→ Common Shares of Beneficial Interest (9,989 underlying)
Footnotes (6)
- [F1]Reflects the grant of a restricted share award all the shares of which vest (cliff vest) on March 4, 2013
- [F2]The ending balance of common shares owned includes the acquisition of 102 common shares acquired under the Company's Dividend Reinvestment Plan (DRIP). 39 shares were purchased following the Reporting Person's last Section 16 filing and were executed at the following prices and amounts: 39.07 common shares acquired on January 20, 2010 at a transaction price of $11.4581 per share. In addition, 62.75 shares shares were acquired under the DRIP during 2008 at an average price per share of $11.21 which have not previsouly been included in the ending balance of common shares owned. The DRIP provides for the purchase of fractional shares. The number reported is the nearest whole number.
- [F3]This filing also reports in the ending balance of shares owned the sum of 97.18 additional common shares acquired on March 4, 2010, under the Company's Employee Share Purchase Plan (ESPP). The shares were purchased following the Reporting Person's last Section 16 filing and were executed at a transaction price of $9.39 per share. The ESPP provides for the purchase of fractional shares. The number reported is the nearest whole number
- [F4]Reflects options awarded for 2009 performance and vest ratably over a three-year period in which 1/3rd of the options vest and become exercisable on March 4, 2011; another 1/3rd of the options vest and become exercisable on March 4, 2012; and the balance of the options vest and become exercisable on March 4, 2013.
- [F5]Options received as employment compensation.
- [F6]Reflects the reporting person's receipt of an award under the Brandywine Realty Trust (BDN) 2010-2012 Restricted Performance Share Unit Program (the Program), a copy of which BDN is filing as an exhibit to a Current Report on Form 8-K. The award represents a contingent right to receive the number of BDN common shares reported in Table II (subject to increases or decreases as provided for in the Program) that may be issued to the reporting person under the Program if BDN's total return to shareholders during the measurement period established under the Program meets or exceeds specified targets and if the reporting person satisfies the vesting conditions applicable to his award. The number of BDN common shares, if any, that the reporting person would receive on account of his award will depend on the extent to which BDN meets or exceeds the performance targets, the payment of common share dividends and the reporting person's achievement of the vesting conditions applicable to his award.
Documents
Issuer
BRANDYWINE REALTY TRUST
CIK 0000790816
Entity typeother
Related Parties
1- filerCIK 0001453187
Filing Metadata
- Form type
- 4
- Filed
- Mar 7, 7:00 PM ET
- Accepted
- Mar 8, 4:19 PM ET
- Size
- 12.5 KB