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