SEC Form 4 · accession 0001209191-16-094749
POST PROPERTIES INC · PPS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David P Stockert
Officer — President and CEO · Director
Period of report
Feb 1, 2016
Accepted (ET)
Feb 2, 2016 · 4:26 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000903127
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Feb 1, 2016 | A | 12,976 | $0.00 | A | 158,264 | D | |
| Common Stock | holding | — | — | — | 70,932 | I | By spouse |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock option (right to buy)F3 | $57.80 | Feb 1, 2016 | A | 21,200 | A | Feb 1, 2017 | Feb 1, 2026 | Common Stock | 21,200 | 21,200 | D |
Explanation of responses
- F1Restricted stock awarded under the company's Amended and Restated Post Properties, Inc. 2003 Incentive Stock Plan. Restricted stock vests one-third each year over a three year period beginning on 12/31/2016.
- F2The balance includes 26,416 restricted shares that have not vested.
- F3Option vests one-third each year over a three year period beginning 02/01/2017. As the option vests the Reporting Person may elect to treat the vested portion as a stock appreciation right and receive the value between the exercise price and the current market price in shares of common stock equal to the spread at the time of the exercise.