0001209191-11-020221.txt : 20110330
0001209191-11-020221.hdr.sgml : 20110330
20110330215809
ACCESSION NUMBER: 0001209191-11-020221
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20110312
FILED AS OF DATE: 20110330
DATE AS OF CHANGE: 20110330
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Rispoli Michael J.
CENTRAL INDEX KEY: 0001446936
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-08122
FILM NUMBER: 11723615
MAIL ADDRESS:
STREET 1: C/O NNN 2003 VALUE FUND, LLC
STREET 2: 1551 N. TUSTIN AVENUE, 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
2011-03-12
0
0000216039
GRUBB & ELLIS CO
GBE
0001446936
Rispoli Michael J.
C/O GRUBB & ELLIS COMPANY
1551 N. TUSTIN AVENUE, SUITE 300
SANTA ANA
CA
92705
0
1
0
0
EVP and CFO
Common Stock, par value $0.01
2011-03-12
4
F
0
1390
1.01
D
69014
D
Convertible Preferred Stock, par value $0.01
Common Stock, par value $0.01
250
D
Represents 1,390 restricted shares of common stock of Grubb & Ellis Company (the "Company") that were withheld upon vesting to satisfy Mr. Rispoli's tax withholding obligation in connection with the vesting of a total of 3,333 restricted shares of the Company's common stock that were previously awarded to Mr. Rispoli.
On March 11, 2011, the effective date for determination of tax withholding requirements related to Mr. Rispoli's vested restricted shares of the Company's common stock, the closing price for the Company's common stock was $1.01.
Beneficially owned shares include 50,000 restricted shares of the Company's common stock that were granted to Mr. Rispoli on February 4, 2009 pursuant to the Company's 2006 Omnibus Equity Plan.
Beneficially owned shares also include (i) 7,873 shares of the Company's common stock, with 1,943 of such shares representing the balance of the 3,333 restricted shares that vested on March 12, 2011 minus the 1,390 shares that were withheld to satisfy Mr. Rispoli's tax withholding obligation and (ii) 3,333 restricted shares of the Company's common stock that were granted to Mr. Rispoli on March 12, 2008 pursuant to the Company's 2006 Omnibus Equity Plan and which will vest on the third anniversary of the grant date.
Beneficially owned shares also include 7,808 shares of the Company's phantom stock that were granted to Mr. Rispoli on March 12, 2008 pursuant to the Company's Deferred Compensation Plan and all such shares will vest on the fourth anniversary of the grant date.
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. Rispoli's option and has no expiration date.
/s/ Michael J. Rispoli
2011-03-30