FRANKLIN STREET PROPERTIES CORP /MA/ 4
4 · FRANKLIN STREET PROPERTIES CORP /MA/ · Filed May 2, 2006
Insider Transaction Report
Form 4
SILVERSTEIN BARRY
Director
Transactions
- Purchase
Common Stock
2006-04-30+38,872→ 712,311 total(indirect: See footnote) - Purchase
Common Stock
2006-04-30+457,150→ 4,547,730 total(indirect: See footnote) - Purchase
Common Stock
2006-04-30+8,706→ 509,437.5 total(indirect: See footnote) - Purchase
Common Stock
2006-04-30+22,308→ 472,856 total(indirect: See footnote) - Purchase
Common Stock
2006-04-30+4,155→ 75,299 total(indirect: See footnote)
Footnotes (7)
- [F1]On April 30, 2006, Franklin Street Properties Corp. (the "Issuer") completed its acquisition of five real estate investment trusts (collectively, the "Target REITs"). Upon consummation of the transaction, the Target REITs were merged with and into acquisition subsidiaries of the Issuer (the "Mergers"). Each holder of stock of the Target REITs received a certain number of shares of the Issuer's common stock based on the fixed value of each Target REIT and the market value of the Issuer's common stock, as set forth in the Merger Agreement.
- [F2]Shares held by Silverstein Investments Limited Partnership II attributable to a trust for the benefit of two of Mr. Silverstein's children. Mr. Silverstein disclaims beneficial ownership of the shares attributable to these children, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such shares for purposes of Section 16 or any other purpose.
- [F3]Shares held by Silverstein Investments Limited Partnership III. Mr. Silverstein is the sole limited partner of Silverstein Investments Limited Partnership III and has shared dispositive power and no voting power over these shares.
- [F4]Shares held by a trust beneficially owned by JMB Family Limited Partnership. Mr. Silverstein is a general partner of JMB Family Limited Partnership and the trustee of the trust beneficially owned by JMB Family Limited Partnership and has sole dispositive and sole voting power of these shares.
- [F5]Shares held by a trust beneficially owned by MSTB Family Limited Partnership. Mr. Silverstein is a general partner of MSTB Family Limited Partnership and is the trustee of the trust beneficially owned by MSTB Family Limited Partnership and has sole dispositive and sole voting power of these shares. 99% of the shares beneficially owned by this partnership are attributable to three trusts for the benefit of Mr. Silverstein's adult children. Mr. Silverstein disclaims beneficial ownership of the shares attributable to the trusts for these children, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such shares for purposes of Section 16 or any other purpose.
- [F6]Shares held by a trust beneficially owned by the Silverstein Family Limited Partnership 2002, Ltd. Mr. Silverstein is a general partner of the Silverstein Family Limited Partnership 2002, Ltd. and the trustee of the trust beneficially owned by the Silverstein Family Limited Partnership 2002, Ltd. and has sole dispositive and sole voting power of these shares. 99% of the shares beneficially owned by this partnership are attributable to a trust for the benefit of Mrs. Silverstein's brother. Mr. Silverstein disclaims beneficial ownership of the shares attributable to this trust, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such shares for purposes of Section 16 or any other purpose.
- [F7]Shares held by a trust beneficially owned by Mr. Silverstein's spouse. Mr. Silverstein disclaims beneficial ownership of the shares beneficially owned by his spouse, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such shares for purposes of Section 16 or for any other purpose.