SCHWARZ MICHAEL L 4
4 · SUMMIT PROPERTIES INC · Filed Jan 4, 2005
Insider Transaction Report
Form 4
SCHWARZ MICHAEL L
EVP & Chief Operating Officer
Transactions
- Exercise/Conversion
Employee Stock Option (right to buy)
2004-12-31$22.00/sh−604$13,288→ 0 totalExercise: $22.00Exp: 2012-02-06→ Common Stock (604 underlying) - Exercise/Conversion
Common Stock
2004-12-31$24.56/sh+15,200$373,350→ 152,992 total - Exercise/Conversion
Common Stock
2004-12-31$22.00/sh+604$13,288→ 137,792 total - Exercise/Conversion
Employee Stock Option (right to buy)
2004-12-31$24.56/sh−15,200$373,350→ 3,800 totalExercise: $24.56Exp: 2011-01-09→ Common Stock (15,200 underlying)
Footnotes (2)
- [F1]Prior to acceleration by the Board of Directors on December 17, 2004, the option vested in five installments, 20,000 on March 1, 2003, 24,000 on March 1, 2004, 2005, 2006, and 30,000 on March 1, 2007.
- [F2]Prior to acceleration by the Board of Directors on December 17, 2004, the option vested in five equal installments on January 9, 2001, 2002, 2003, 2004 and 2005.