SEC Form 4 · accession 0001127602-18-019525
COUSINS PROPERTIES INC · CUZ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gregg D Adzema
Officer — EVP and CFO
Period of report
May 30, 2018
Accepted (ET)
Jun 1, 2018 · 4:32 pm EDT
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 StockF1 | May 30, 2018 | M | 15,654 | $6.39 | A | 209,776 | D | |
| Common StockF1 | May 30, 2018 | F | 10,653 | $9.39 | D | 199,123 | D | |
| Common StockF1 | May 30, 2018 | M | 13,954 | $6.39 | A | 213,077 | D | |
| Common StockF1 | May 30, 2018 | D | 13,954 | $9.39 | D | 199,123 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (Right to Buy) | $6.39 | May 30, 2018 | M | 15,654 | D | Feb 14, 2012 | Feb 14, 2021 | Common Stock | 15,654 | 13,954 | D |
| Stock Options (Right to Buy)F3 | $6.39 | May 30, 2018 | M | 13,954 | D | Feb 14, 2012 | Feb 14, 2021 | Common Stock | 13,954 | 0 | D |
Explanation of responses
- F1Includes 74,025 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.
- F2Represents shares previously held by the reporting person that were forfeited to pay the reporting person's exercise price of the stock options exercised, as permitted under the CPI 2009 Incentive Stock Plan.
- F3Pursuant to the terms of the grant, the reporting person elected to exercise the related stock appreciation right (SAR) rather than exercising the option to purchase common stock. As a result, no shares were issued in connection with this exercise of stock options.