-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, U1xXd/17tBGtclkwSD6u1Auy9WKNrkYoLSaovnroibJ+9aeecYrIjo+EtEiUnDPe YVgwytDKYy9WkzsmR/xiZQ== 0000025232-07-000011.txt : 20070222 0000025232-07-000011.hdr.sgml : 20070222 20070222115113 ACCESSION NUMBER: 0000025232-07-000011 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20070222 FILED AS OF DATE: 20070222 DATE AS OF CHANGE: 20070222 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: COUSINS PROPERTIES INC CENTRAL INDEX KEY: 0000025232 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 580869052 STATE OF INCORPORATION: GA FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 2500 WINDY RIDGE PKWY STE 1600 CITY: ATLANTA STATE: GA ZIP: 30339-5683 BUSINESS PHONE: 7709552200 MAIL ADDRESS: STREET 1: 2500 WINDY RIDGE PARKWAY STREET 2: SUITE 1600 CITY: ATLANTA STATE: GA ZIP: 30339-5683 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: COURTS RICHARD W II CENTRAL INDEX KEY: 0001109405 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-11312 FILM NUMBER: 07641013 BUSINESS ADDRESS: STREET 1: HURT BUILDING 50 HURT PLAZA CITY: ATLANTA STATE: GA ZIP: 30303 BUSINESS PHONE: 4045725146 MAIL ADDRESS: STREET 1: 2500 WINDY RIDGE PARKWAY STE.1600 CITY: ATLANTA STATE: GA ZIP: 30339 4 1 doc.xml PRIMARY DOCUMENT X0202 4 2007-02-22 0000025232 COUSINS PROPERTIES INC CUZ 0001109405 COURTS RICHARD W II 2500 WINDY RIDGE PARKWAY SUITE 1600 ATLANTA GA 30339 1 0 0 0 Common Stock 2007-02-22 4 M 0 5407 12.13 A 94090 D Common Stock 1687500 I By Atlantic Investment Company Common Stock 3375 I By Atlantic Investment Company Profit Sharing Common Stock 387751 I By the Courts Foundation Common Stock 12309 I By Wife Stock Options (Right to buy) 12.13 2007-02-22 4 M 0 5407 0 D 1998-04-29 2007-04-29 Common Stock 5407 0 D On September 16, 2003, November 19, 2004, and November 25, 2006 the number of options beneficially owned and the corresponding exercise prices were adjusted due to the payment of a special dividend. The number of options outstanding increased by approximately 7.4% and the exercise price decreased by approximately 6.9% for the September 16, 2003 special dividend. The number of options outstanding increased by approximately 22.24% and the exercise price decreased by approximately 18.19% for the November 19, 2004 special dividend. The number of options outstanding increased by approximately 9.87% and the exercise price decreased by approximately 8.98% for the November 25, 2006 special dividend. Shares held by the Courts Foundation for which the reporting person serves as President. Shares held by the reporting person's wife. 1,216 shares held by the reporting person through an Individual Retirement Plan. 10,274 shares held by the reporting person through a Simplified Employee Pension Plan. These shares will vest 25% per year on each anniversary date of the grant, and CPI will hold these shares until such shares become vested. While the shares are being held prior to vesting, the reporting person will have the right to receive all cash dividends and to vote the restricted shares. All unvested shares will forfeit if the Director's service as a member of the CPI Board of Directors terminates, unless term is due to death of reporting person. These options were granted under the Cousins Properties Incorporated Stock Plan for Outside Directors. These options will vest 20% per year on the anniversary of the grant date, with shares being 100% vested in year 5 of the grant term. The Plan under which these options were granted complies with Rule 16b-3 and provides for tax withholding. Shares held by Atlantic Investment Company for which the reporting person serves as Chairman. Shares held by Atlantic Investment Company in a profit sharing account for which the reporting person serves as Chairman. Kristin R. Myers, by Power of Attorney 2007-02-22 -----END PRIVACY-ENHANCED MESSAGE-----