POST PROPERTIES INC 4
4 · POST PROPERTIES INC · Filed Dec 15, 2014
Insider Transaction Report
Form 4
GODDARD ROBERT C III
Director
Transactions
- Exercise/Conversion
Common Stock
2014-12-11+5,139→ 280,454.957 total - Exercise/Conversion
Stock Option/Stock Appreciation Right
2014-12-11−27,690→ 0 totalExercise: $48.00From: 2010-02-02Exp: 2017-02-02→ Common Stock (27,690 underlying) - Exercise/Conversion
Common Stock
2014-12-11+15,939→ 275,315.957 total - Exercise/Conversion
Stock Option/Stock Appreciation Right
2014-12-11−50,000→ 0 totalExercise: $40.15From: 2009-01-18Exp: 2016-01-18→ Common Stock (50,000 underlying) - Award
Phantom Stock
2014-12-11+4,272→ 25,567 total→ Common Stock (4,272 underlying)
Footnotes (5)
- [F1]On January 18, 2006, reporting person received a grant of 50,000 shares under the Amended and Restated Post Properties, Inc. 2003 Incentive Stock Plan ("Plan"). The grant has fully vested. The terms of the grant provided the reporting person with a choice to treat the grant as options having an exercise price of $40.15 or as a stock appreciation right ("SAR"). The reporting person choose to treat 50,000 shares as an SAR on the exercise date. Thus, the computation of the 15,939 shares received was determined as follows: difference between the $58.94 fair market value on the date of exercise and the $40.15 exercise price ($18.79) times 50,000, then dividing that amount by the $58.94 fair market value.
- [F2]The balance includes 1,492 restricted shares that have not vested.
- [F3]On February 2, 2007, reporting person received a grant of 27,690 shares under the Amended and Restated Post Properties, Inc. 2003 Incentive Stock Plan ("Plan"). The grant has fully vested. The terms of the grant provided the reporting person with a choice to treat the grant as options having an exercise price of $48.00 or as a stock appreciation right ("SAR"). The reporting person choose to treat 27,690 shares as an SAR on the exercise date. Thus, the computation of the 5,139 shares received was determined as follows: difference between the $58.94 fair market value on the date of exercise and the $48.00 exercise price ($10.94) times 27,690, then dividing that amount by the $58.94 fair market value.
- [F4]Option/SAR fully vested.
- [F5]To update the balance of phantom stock units held to include 4,272 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.