Joyce Michael 4
4 · BRANDYWINE REALTY TRUST · Filed Jun 3, 2011
Insider Transaction Report
Form 4
Joyce Michael
Director
Transactions
- Award
Common Shares of Beneficial Interest
2011-06-01+3,289→ 26,882 total - Award
Common Shares of Beneficial Interest
2011-06-01$12.16/sh+1,233$14,993→ 28,115 total
Footnotes (2)
- [F1]These shares reflect the $40,000 annual Trustee share award the number of shares of which is calculated based upon a closing price on 06/01/2011 of $12.16. Shares will vest ratably over three years: 1/3 on June 1, 2012; 1/3 on June 2, 2013 and 1/3 on June 1, 2014.
- [F2]These shares reflect the Reporting Person's election to receive $15,000 of his $35,000 annual Board retainer fee in shares in lieu of cash. The number of shares received was calculated based upon the closing price on 06/01/2011 of $12.16.