4//SEC Filing
SUMMIT PROPERTIES PARTNERSHIP L P 4
Accession 0001215400-03-000001
CIK 0001034235operating
Filed
Aug 28, 8:00 PM ET
Accepted
Aug 29, 2:51 PM ET
Size
11.4 KB
Accession
0001215400-03-000001
Insider Transaction Report
Form 4
ELL RANDALL M
Executive Vice President
Transactions
- Sale
Common Stock
2003-08-27$22.10/sh−8,000$176,800→ 101,025 totalFrom: 1988-08-08Exp: 1988-08-08→ Common Units (8,000 underlying) - Exercise/Conversion
Stock Option (Right to Buy Common Stock)
2003-08-27−8,000→ 0 totalExercise: $16.50Exp: 2009-01-13→ Common Stock (8,000 underlying) - Exercise/Conversion
Common Stock
2003-08-27$16.50/sh+8,000$132,000→ 109,025 totalFrom: 1988-08-08Exp: 1988-08-08→ Common Units (8,000 underlying)
Footnotes (4)
- [F1]The issuer of the Common Stock is Summit Properties Inc. (the "Company"), the general partner of Summit Properties Partnership, L.P. (the "Partnership"). Common units of limited partnership interest of the Partnership are redeemable for cash equal to the fair market value of an equal number of shares of Common Stock or, in lieu of cash, the Partnership may elect to cause the Company to issue an equal number of shares of Common Stock.
- [F2]This option vested in five equal annual installments beginning on January 13, 1999.
- [F3]There is no exercise date and no expiration date on these securities. The field is required for filing acceptance and the date is used for acceptance of filing purposes only.
- [F4]Includes 13,600 shares of Common Stock that the Reporting Person has the opportunity to receive subsequent to August 27, 2003 pursuant to a stock award agreement with the Company. Subject to the Reporting Person's continued employment with the Company, the number of shares that the Reporting Person will be entitled to receive is based on the following schedule: 3,200 shares on each of March 1, 2004, 2005 and 2006; and the final 4,000 shares on March 1, 2007 (subject to acceleration under certain circumstances).
Documents
Issuer
SUMMIT PROPERTIES PARTNERSHIP L P
CIK 0001034235
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001034235
Filing Metadata
- Form type
- 4
- Filed
- Aug 28, 8:00 PM ET
- Accepted
- Aug 29, 2:51 PM ET
- Size
- 11.4 KB