0001209191-11-016777.txt : 20110309 0001209191-11-016777.hdr.sgml : 20110309 20110309202153 ACCESSION NUMBER: 0001209191-11-016777 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20080729 FILED AS OF DATE: 20110309 DATE AS OF CHANGE: 20110309 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Hanson Jeffrey T CENTRAL INDEX KEY: 0001371918 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-08122 FILM NUMBER: 11676503 MAIL ADDRESS: STREET 1: 1551 N. TUSTIN AVENUE STREET 2: SUITE 200 CITY: SANTA ANA STATE: CA ZIP: 92705 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: GRUBB & ELLIS CO CENTRAL INDEX KEY: 0000216039 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE AGENTS & MANAGERS (FOR OTHERS) [6531] IRS NUMBER: 941424307 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 500 WEST MONROE STREET STREET 2: SUITE 2800 CITY: CHICAGO STATE: IL ZIP: 60661 BUSINESS PHONE: 3126986700 MAIL ADDRESS: STREET 1: 500 WEST MONROE STREET STREET 2: SUITE 2800 CITY: CHICAGO STATE: IL ZIP: 60661 4 1 doc4.xml FORM 4 SUBMISSION X0303 4 2008-07-29 0 0000216039 GRUBB & ELLIS CO GBE 0001371918 Hanson Jeffrey T C/O GRUBB & ELLIS COMPANY 1551 N. TUSTIN AVENUE, SUITE 300 SANTA ANA CA 92705 0 1 0 0 Chief Investment Officer Common Stock, par value $0.01 2008-07-29 4 J 0 247695 3.60 A 1424486 D Common Stock, par value $0.01 2009-06-27 4 F 0 2145 0.77 D 1422341 D Common Stock, par value $0.01 2010-06-27 4 F 0 2199 1.02 D 1420142 D Common Stock, par value $0.01 2011-03-07 4 S 0 100000 1.03 D 1320142 D Common Stock, par value $0.01 2011-03-07 4 S 0 100000 1.04 D 1220142 D Convertible Preferred Stock, par value $0.01 Common Stock, par value $0.01 250 I By Jeffrey T. Hanson & April L. Hanson, Trustees of the Hanson Family Trust Stock Option (right to buy) 10.00 2016-11-16 Common Stock, par value $0.01 22000 22000 D Represents 247,695 restricted shares of common stock of Grubb & Ellis Company (the "Company") which vested on July 29, 2008 and which were transferred to Mr. Hanson pursuant to an agreement dated as of October 23, 2006 by and among Anthony W. Thompson, Louis J. Rogers and Mr. Hanson, and an accompanying escrow agreement dated as of November 16, 2006 by and among Wells Fargo Bank, National Association, Grubb & Ellis Company, as successor to NNN Realty Advisors, Inc., Mr. Thompson, Mr. Rogers and Mr. Hanson. These shares were previously included in the total amount of shares beneficially owned. On July 29, 2008, the date of the vesting of shares to Mr. Hanson, the closing price for the Company's common stock was $3.60. Beneficially owned shares include 1,000,000 restricted shares of the Company's common stock granted to Mr. Hanson pursuant to the Company's 2006 Omnibus Equity Plan, (A) 500,000 of which are subject to vesting over 3 years in equal annual increments of 1/3 each, commencing on the 1 year anniversary of the grant date (March 10, 2010) and (B) 500,000 of which are subject to vesting based upon the market price of the Company's common stock during the 3 year period beginning March 10, 2010. Vesting with respect to all 1,000,000 restricted shares is subject to Mr. Hanson's continued employment by the Company and subject to the terms of a restricted share agreement entered into by Mr. Hanson and the Company. Represents 2,145 restricted shares of the Company's common stock that were withheld upon vesting to satisfy Mr. Hanson's tax withholding obligation in connection with the vesting of a total of 5,866 restricted shares of the Company's common stock that were previously awarded to Mr. Hanson. On June 29, 2009, the first business day immediately following June 27, 2009, the date of the withholding of shares of common stock, the closing price for the Company's common stock was $0.77. Represents 2,199 restricted shares of the Company's common stock that were withheld upon vesting to satisfy Mr. Hanson's tax withholding obligation in connection with the vesting of a total of 5,867 restricted shares of the Company's common stock that were previously awarded to Mr. Hanson. On June 28, 2010, the first business day immediately following June 27, 2010, the date of the withholding of shares of common stock, the closing price for the Company's common stock was $1.02. The full title of the deriviative security is 12% Cumulative Participating Perpetual Convertible Preferred Stock, par value $0.01 per share (the "Preferred Stock"). Each share of Preferred Stock is convertible into 60.606 shares of the Company's common stock, which represents a conversion price of approximately $1.65 per share. The Preferred Stock is convertible, in whole or in part, into common stock at any time at Mr. Hanson's option and has no expiration date. The option has become fully exercisable as of November 16, 2008. /s/ Jeffrey T. Hanson 2011-03-09