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GLADSTONE COMMERCIAL CORP · Dec 13, 4:48 PM ET

GLADSTONE COMMERCIAL CORP 4

4 · GLADSTONE COMMERCIAL CORP · Filed Dec 13, 2006

Insider Transaction Report

Form 4

Period: 2006-12-12

GLADSTONE COMMERCIAL CORPGOOD

Director

Transactions

Exercise/Conversion
Common Stock
2006-12-12$16.53/sh+10,000$165,300→ 10,000 total
Sale
Common Stock
2006-12-12$20.33/sh−9,000$182,935→ 1,000 total
Exercise/Conversion
Common Stock
2006-12-12$15.99/sh+10,000$159,900→ 11,000 total
Sale
Common Stock
2006-12-12$20.33/sh−10,000$203,261→ 1,000 total
Exercise/Conversion
Common Stock
2006-12-12$15.44/sh+10,000$154,400→ 11,000 total
Sale
Common Stock
2006-12-12$20.33/sh−10,000$203,261→ 1,000 total
Exercise/Conversion
Common Stock
[F1]
2006-12-12−10,000→ 0 total
Exercise: $16.53Exp: 2006-12-31→ Common stock (10,000 underlying)
Exercise/Conversion
Common stock
[F2]
2006-12-12−10,000→ 0 total
Exercise: $15.99Exp: 2006-12-31→ Common Stock (10,000 underlying)
Exercise/Conversion
Common Stock
[F3]
2006-12-12−10,000→ 0 total
Exercise: $15.44Exp: 2006-12-31→ Common Stock (10,000 underlying)

Footnotes (3)

[F1]The option vested in two equal installments of 5,000 shares each on December 9, 2004 and December 9, 2005
[F2]The option vested in two equal installments of 5,000 shares each on May 26, 2005 and May 26, 2006
[F3]The option vested in two equal installments of 5,000 shares each on May 25, 2006 and July 11, 2006

Signature

Paula Novara, attorney-in-fact|2006-12-13

Documents

1 file

4
edgar.xmlPrimary
PRIMARY DOCUMENT