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4//SEC Filing

Smith Bruce E 4

Accession 0001290762-04-000027

CIK 0000025232other

Filed

Dec 19, 7:00 PM ET

Accepted

Dec 20, 3:51 PM ET

Size

7.2 KB

Accession

0001290762-04-000027

Insider Transaction Report

Form 4
Period: 2004-12-16
Smith Bruce E
Senior Vice President
Transactions
  • Tax Payment

    Common Stock

    2004-12-16$31.23/sh421$13,14823,337 total
Holdings
  • Common Stock

    (indirect: See Footnote 3)
    8,670
Footnotes (3)
  • [F1]Shares withheld from the vesting of restricted stock to pay the reporting person's tax liabilty as provided under the Cousins Properties Incorporated 1999 Incentive Stock Plan.
  • [F2]Includes 5,000 shares awarded under the Cousins Properties Incorporated 1999 Incentive Stock Plan. The shares will be paid in any event if the employee is employed on November 14, 2006. Such shares may be awarded earlier as follows: (i) on December 31, 2003 if Funds from Operations Per Shares ("FFOPS") has grown 15% per annum; (ii) on December 31, 2004 if FFOPS has grown by 14% per annum; and (iii) on December 31, 2005 if FFOPS has grown 13% per annum. All shares not paid will forfeit upon termination of employment. Includes 11,885 shares of restricted stock awarded under the Cousins Properties Incorporated (CPI) 1999 Incentive Stock Plan. These shares will vest 25% per year on each anniversary date of the grant, and CPI will hold these shares until such shares become vested. While the shares are being held prior to vesting, the reporting person will have the right to receive all cash dividends and to vote the restricted shares. All unvested shares will forfeit upon termination of employment.
  • [F3]Shares held by the reporting person as beneficiary in the Company's Profit Sharing Plan.

Issuer

COUSINS PROPERTIES INC

CIK 0000025232

Entity typeother

Related Parties

1
  • filerCIK 0001290762

Filing Metadata

Form type
4
Filed
Dec 19, 7:00 PM ET
Accepted
Dec 20, 3:51 PM ET
Size
7.2 KB