POLK JAMES H III 4
4 · ARCHSTONE SMITH TRUST · Filed Jan 2, 2004
Insider Transaction Report
Form 4
POLK JAMES H III
Other
Transactions
- Exercise/Conversion
Common Shares of Beneficial Interest
2004-01-01$27.98/sh+32$895→ 23,542 total - Award
Dividend Equivalent Units
2004-01-01$27.98/sh+846$23,671→ 1,884 totalExercise: $0.00From: 1988-08-08Exp: 1988-08-08→ Common Shares (846 underlying) - Exercise/Conversion
Dividend Equivalent Units
2004-01-01$27.98/sh−32$895→ 1,038 totalExercise: $0.00From: 1988-08-08Exp: 1988-08-08→ Common Shares (32 underlying)
Footnotes (3)
- [F1]Automatic conversion of vested Dividend Equivalent Units associated with Restricted Stock Units, pursuant to Issuer's Equity Plan for Outside Trustees.
- [F2]Total includes 3,500 Restricted Share Units issued pursuant to Issuer's Equity Plan for Outside Trustees, 1,500 of which were issued on 5/21/02 and vest 25% a year over 4 years, and 2,000 of which were issued on 5/20/03 and vest 33.33% a year over 3 years.
- [F3]Dividend Equivalent Units accrue on certain option and Restricted Stock Unit grants and vest at the same rate as the underlying grant. Upon settlement DEUs convert to shares of ASN common stock on a 1 to 1 basis and are valued at that time. DEUs have no expiration date.