SCHWARZ MICHAEL L 4
4 · SUMMIT PROPERTIES INC · Filed Nov 5, 2003
Insider Transaction Report
Form 4
SCHWARZ MICHAEL L
EVP & Chief Operating Officer
Transactions
- Sale
Common Stock
2003-11-03$22.45/sh−2,803$62,927→ 154,153 total
Footnotes (1)
- [F1]Includes 23,375 shares of Common Stock that the Reporting Person has the opportunity to receive pursuant to a stock award agreement with the Issuer. Subject to the Reporting Person's continued employment with the Issuer, the number of shares that the Reporting Person will be entitled to receive is based on the following schedule: 5,500 shares on each of March 1, 2004, 2005 and 2006; and the final 6,875 shares on March 1, 2007 (subject to acceleration under certain circumstances).