Thayer Stella Ferguson 4
4 · POST PROPERTIES INC · Filed Sep 25, 2012
Insider Transaction Report
Form 4
Thayer Stella Ferguson
Director
Transactions
- Award
Phantom Stock Units
2012-09-21$48.93/sh+268$13,113→ 14,353 total→ Common Stock (268 underlying)
Footnotes (3)
- [F1]Under the Issuer's amended and restated deferred compensation plan (the "plan"), a director may defer all or a portion of the fees payable to the director during any calendar year for services as a member of the Issuer's board of directors. Distributions from the plan may only be made in the Issuer's stock and the Issuer's stock is the only benchmark investment alternative available under the plan. Effective on September 21, 2012, the Issuer issued a number of shares of stock to a rabbi trust organized in connection with the plan, equal to the number of shares credited to the reporting person's bookkeeping account for compensation deferred under the plan for the quarter ended September 30, 2012. Each unit is equivalent to 1 share.
- [F2]Under the revised terms of the plan, the reporting person may direct the voting of shares held by the rabbi trust equal to the number of phantom shares held in his account.
- [F3]Balance includes 68 shares credited to reporting person's account for dividend reinvestments since the last filed Form 4 reporting phantom units received in connection with the plan.