KLIMMEK DENNIS 4
4 · BEDFORD PROPERTY INVESTORS INC/MD · Filed Sep 29, 2004
Insider Transaction Report
Form 4
KLIMMEK DENNIS
EVP and General Counsel
Transactions
- Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2004-09-27−7,500→ 7,500 totalExercise: $26.58Exp: 2012-05-16→ Common Stock (7,500 underlying) - Award
Restricted Stock Granted 09-27-2004
2004-09-27+1,152→ 1,152 total
Footnotes (3)
- [F1]Vesting occurs in five (5) installments of 20% of the total grant each year, commencing on the first anniversary and continuing through the fifth anniversary.
- [F2]On September 27, 2004, the issuer cancelled, pursuant to the issuer's option exchange program, an option granted to the reporting person on May 16, 2002. In exchange for the option, the reporting person received shares of restricted stock.
- [F3]The cancelled stock option provided for vesting in 4 equal annual installments, commencing 1 year after the date of the grant.