4//SEC Filing
VAN BERKEL JACOB 4
Accession 0001209191-11-017881
CIK 0000216039other
Filed
Mar 13, 8:00 PM ET
Accepted
Mar 14, 6:54 PM ET
Size
8.3 KB
Accession
0001209191-11-017881
Insider Transaction Report
Form 4
VAN BERKEL JACOB
EVP, HR and Operations
Transactions
- Tax Payment
Common Stock, par value $0.01
2011-03-10$1.01/sh−62,467$63,092→ 1,059,442 total
Holdings
- 250
Convertible Preferred Stock, par value $0.01
→ Common Stock, par value $0.01
Footnotes (6)
- [F1]Represents 62,467 restricted shares of common stock of Grubb & Ellis Company (the "Company") that were withheld upon vesting to satisfy Mr. Van Berkel's tax withholding obligation in connection with the vesting of a total of 166,667 restricted shares of the Company's common stock that were previously awarded to Mr. Van Berkel.
- [F2]On March 9, 2011, the effective date for determination of tax withholding requirements related to Mr. Van Berkel's vested restricted shares of the Company's common stock, the closing price for the Company's common stock was $1.01.
- [F3]Beneficially owned shares include (i) 120,000 shares of the Company's common stock awarded to Mr. Van Berkel pursuant to the Company's 2006 Omnibus Equity Plan (the "Plan") which vest in equal thrity-three and one-third (33 1/3%) installments on the 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; and (ii) 1,000,000 restricted shares of the Company's common stock awarded pursuant to the Plan, (A) 500,000 of which are subject to vesting in equal annual increments of 1/3 each, commencing on the first anniversary of the grant date (March 10, 2010) and (B) 500,000 of which are subject to vesting based upon the market price of the Company's common stock during the 3 year period beginning March 10, 2010. All such 1,000,000 shares are subject to Mr. Van Berkel's continued employment by the Company and to the terms of a restricted share agreement.
- [F4]The full title of the deriviative security is 12% Cumulative Participating Perpetual Convertible Preferred Stock, par value $0.01 per share (the "Preferred Stock").
- [F5]Each share of Preferred Stock is convertible into 60.606 shares of the Company's common stock, which represents a conversion price of approximately $1.65 per share.
- [F6]The Preferred Stock is convertible, in whole or in part, into the Company's common stock at any time at Mr. Van Berkel's option 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
- Mar 13, 8:00 PM ET
- Accepted
- Mar 14, 6:54 PM ET
- Size
- 8.3 KB