0001209191-11-060180.txt : 20111207
0001209191-11-060180.hdr.sgml : 20111207
20111207210740
ACCESSION NUMBER: 0001209191-11-060180
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20111205
FILED AS OF DATE: 20111207
DATE AS OF CHANGE: 20111207
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: VAN BERKEL JACOB
CENTRAL INDEX KEY: 0001421694
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-08122
FILM NUMBER: 111249725
MAIL ADDRESS:
STREET 1: C/O GRUBB & ELLIS COMPANY
STREET 2: 1551 N. TUSTIN AVENUE, SUITE 300
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
X0304
4
2011-12-05
0
0000216039
GRUBB & ELLIS CO
GBE
0001421694
VAN BERKEL JACOB
C/O GRUBB & ELLIS COMPANY
1551 N. TUSTIN AVENUE, SUITE 300
SANTA ANA
CA
92705
0
1
0
0
EVP and COO
Common Stock, par value $0.01
2011-12-05
4
F
0
14672
0.22
D
1044770
D
Convertible Preferred Stock, par value $0.01
Common Stock, par value $0.01
250
D
Represents 14,672 restricted shares of common stock of Grubb & Ellis Company (the "Company") that were withheld upon vesting to satisfy Mr. Van Berkel's tax withholding obligation in connection with the vesting of a total of 40,000 restricted shares of the Company's common stock that were previously awarded to Mr. Van Berkel.
On December 2, 2011, the effective date for determination of the tax withholding requirements related to Mr. Van Berkel's vested restricted shares of the Company's common stock, the closing price for the Company's common stock was $0.22.
Beneficially owned shares include (i) 211,437 shares of the Company's common stock, with 25,328 of such shares representing the balance of the 40,000 restricted shares that vested on December 5, 2011 minus the 14,672 shares that were withheld to satisfy Mr. Van Berkel's tax withholding obligation and (ii) 833,333 restricted shares of the Company's common stock that were granted to Mr. Van Berkel on March 10, 2010 pursuant to the Company's 2006 Omnibus Equity Plan, (A) 333,333 of which vest in equal 1/2 portions on each of the second and third anniversaries of the grant date 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. All such 833,333 restricted shares are subject to Mr. Van Berkel's continued employment by the Company and to the terms of a restricted share agreement.
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. Van Berkel's option and has no expiration date.
/s/ Jacob Van Berkel
2011-12-07