SEC Form 4 · accession 0001127602-17-003810
COUSINS PROPERTIES INC · CUZ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lawrence L Gellerstedt III
Officer — President & CEO
Period of report
Feb 2, 2017
Accepted (ET)
Feb 3, 2017 · 1:46 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000025232
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2,F3 | Feb 2, 2017 | F | 6,704 | $8.58 | D | 497,186 | D | |
| Common Stock | holding | — | — | — | 1,665 | I | By Profit Sharing Plan | |
| Common Stock | holding | — | — | — | 50 | I | By Spouse | |
| Common Stock | holding | — | — | — | 500 | I | By Irrevocable Trust | |
| Common Stock | holding | — | — | — | 1,000 | I | By Irrevocable Trust |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Shares withheld from the vesting of restricted stock to pay the reporting person's tax liability as permitted under the 2009 Incentive Stock Plan.
- F2Includes 77,792 restricted stock awarded under the Cousins Properties Incorporated (CPI) 2009 Incentive Stock Plans. 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.
- F3The share balance includes a value adjustment pertaining to restricted stock awarded under the Cousins Properties Incorporated (CPI) 2009 Incentive Stock Plans which adjustments were made in connection with the spin-off of Parkway, Inc. as that spin-off is more fully described on Form 8-K filed with the Securities and Exchange Commission on October 11, 2016.