Lee Christopher 4
4 · Cogdell Spencer Inc. · Filed Jan 12, 2011
Insider Transaction Report
Form 4
Lee Christopher
Director
Transactions
- Award
Partnership Units
2011-01-10+0→ 26,652 totalExercise: $0.00→ Common Stock
Holdings
- 4,500
Common Stock
Footnotes (3)
- [F1]Although not a derivative security, Mr. Lee was granted 9,967 long term incentive plan units ("LTIP units") on January 10, 2011, pursuant to the Cogdell Spencer Inc. (the "Company") 2010 long-term stock incentive plan. All of the 9,967 LTIP units vested upon issuance.
- [F2]LTIP units may be converted into limited partnership units ("OP Units") in Cogdell Spencer LP (the "Operating Partnership") if there is an increase in the value of the Operating Partnership on a one for one basis. OP units are redeemable for a cash amount equal to the value of the OP units or, in the Company's sole and absolute discretion, exchangeable for shares of the Company's common stock based on an exchange ratio of one share of common stock for one OP unit.
- [F3]Comprised of 16,685 OP units and 9,967 vested LTIP units. Some or all of the 9,967 vested LTIP units may in the future be converted into OP units, thereby increasing the number of OP units owned by Mr. Lee by the corresponding number of LTIP units converted into OP units.