4//SEC Filing
SCHWARZ MICHAEL L 4
Accession 0001215399-03-000007
CIK 0001034235other
Filed
Nov 17, 7:00 PM ET
Accepted
Nov 18, 6:04 PM ET
Size
6.9 KB
Accession
0001215399-03-000007
Insider Transaction Report
Form 4
SCHWARZ MICHAEL L
Executive Vice President & COO
Transactions
- Sale
Common Stock
2003-11-17$22.77/sh−1,000$22,770→ 153,153 totalFrom: 1988-08-08Exp: 1988-08-08→ Common Units (1,000 underlying)
Footnotes (3)
- [F1]The issuer of the Common Stock is Summit Properties Inc. (the "Company"), the general partner of Summit Properties Partnership, L.P. (the "Partnership"). Common units of limited partnership interest of the Partnership are redeemable for cash equal to the fair market value of an equal number of shares of Common Stock or, in lieu of cash, the Partnership may elect to cause the Company to issue an equal number of shares of Common Stock.
- [F2]There is no exercise date and no expiration date on these securities. The field is required for filing acceptance and the date is used for acceptance of filing purposes only.
- [F3]Includes 23,375 shares of Common Stock that the Reporting Person has the opportunity to receive pursuant to a stock award agreement with the Company. Subject to the Reporting Person's continued employment with the Company, the number of shares that the Reporting Person will be entitled to receive is based on the following schedule: 5,500 shares on each of March 1, 2004, 2005 and 2006; and the final 6,875 shares on March 1, 2007 (subject to acceleration under certain circumstances).
Documents
Issuer
SUMMIT PROPERTIES PARTNERSHIP L P
CIK 0001034235
Entity typeother
Related Parties
1- filerCIK 0001215399
Filing Metadata
- Form type
- 4
- Filed
- Nov 17, 7:00 PM ET
- Accepted
- Nov 18, 6:04 PM ET
- Size
- 6.9 KB