BURKE T ROBERT 4
4 · AMB PROPERTY CORP · Filed May 9, 2011
Insider Transaction Report
Form 4
BURKE T ROBERT
Director
Transactions
- Disposition to Issuer
Common Stock
2011-05-05−2,934→ 215,529 total - Award
Stock Units
2011-05-05+2,934→ 218,463 total(indirect: By Trust) - Disposition to Issuer
Common Stock
2011-05-05−3,618→ 218,463 total - Award
Common Stock
2011-05-05+3,618→ 222,081 total - Award
Stock Units
2011-05-05+3,618→ 222,081 total(indirect: By Trust)
Footnotes (5)
- [F1]Upon vesting of the 2,934 shares of restricted stock on 5/05/2011, the reporting person deferred these shares into our nonqualified deferred compensation plan. The deferral of these shares was credited to the reporting person's account in the form of an equivalent number of stock units, each of which represents the reporting person's right to receive a share of AMB common stock upon distribution of his account. Distribution will occur upon retirement, death, other termination of directorship or disability, upon AMB's change of control or on such other date as the reporting person elects.
- [F2]Not applicable.
- [F3]Shares were granted pursuant to the Company's 2002 Stock Option and Incentive Plan and are subject to a repurchase right held by the Company, which lapses fully on May 5,2011.
- [F4]Upon vesting of the 3,618 shares of restricted stock on 5/5/2011, the reporting person deferred these shares into our nonqualified deferred compensation plan. The deferral of these shares was credited to the reporting person's account in the form of an equivalent number of stock units, each of which represents the reporting person's right to receive a share of AMB common stock upon distribution of his account. Distribution will occur upon retirement, death, other termination of directorship or disability, upon AMB's change of control or on such other date as the reporting person elects.
- [F5]Of the 222,081 shares beneficially owned, 145,235 shares are directly held (D), 15,000 shares are indirectly held (I) as Trustee for the TRB Trust 1997 - LPPA U/A/D May 30, 1997, 15,000 shares are indirectly held (I) as Trustee for the TRB Trust 1997 - JCB U/A/D May 30, 1997, 15,000 shares are indirectly held (I) as Trustee for the TRB Trust 1997 - TSB U/A/D May 30, 1997, and 15,000 shares are indirectly held (I) as Trustee for the EDB 1998 Trust, and 16,846 shares are indirectly held (I) through a rabbi trust pursuant to our nonqualified deferred compensation plan.