0001127602-11-018420.txt : 20110602
0001127602-11-018420.hdr.sgml : 20110602
20110602180108
ACCESSION NUMBER: 0001127602-11-018420
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20110531
FILED AS OF DATE: 20110602
DATE AS OF CHANGE: 20110602
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: 191 PEACHTREE STREET N.E.
STREET 2: SUITE 500
CITY: ATLANTA
STATE: GA
ZIP: 30303-1740
BUSINESS PHONE: 404-407-1000
MAIL ADDRESS:
STREET 1: 191 PEACHTREE STREET N.E.
STREET 2: SUITE 500
CITY: ATLANTA
STATE: GA
ZIP: 30303-1740
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: PAYNE WILLIAM PORTER
CENTRAL INDEX KEY: 0001180449
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-11312
FILM NUMBER: 11889657
MAIL ADDRESS:
STREET 1: GLEACHER PARTNERS, LLC
STREET 2: 3050 PEACHTREE RD., N.W., STE. 475
CITY: ATLANTA
STATE: GA
ZIP: 30305
4
1
form4.xml
PRIMARY DOCUMENT
X0303
4
2011-05-31
0000025232
COUSINS PROPERTIES INC
CUZ
0001180449
PAYNE WILLIAM PORTER
191 PEACHTREE STREET
SUITE 500
ATLANTA
GA
30303
1
Common Stock
2011-05-31
4
A
0
6001
8.3315
A
85959
D
Common Stock
2011-05-31
4
A
0
5824
8.5848
A
91783
D
Common Stock
2011-06-01
4
M
0
595
0
A
92378
D
Common Stock
2011-06-01
4
D
0
595
8.5767
D
91783
D
Common Stock
1998
I
By Wife
Phantom Stock
2011-06-01
4
M
0
595
0
D
2010-06-01
2013-06-01
Common Stock
595
1190
D
Stock granted in lieu of cash for director's fees under the Cousins Properties Incorporated 2009 Incentive Stock Plan (2009 Plan). Under the 2009 Plan, the price is 95% of the closing price on the day of issuance.
Includes 203 shares of restricted stock awarded under the Cousins Properties Incorporated (CPI) 1999 Incentive Stock Plan. These shares will vest 25% per year on each anniversary date of the grant as previously disclosed, 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 separation is due to death.
Half of the 2011-2012 director annual retainer was paid in stock under the Cousins Properties Incorporated 2009 Incentive Stock Plan. For the purpose of determining the number of shares granted, the value of the Corporation's common stock is equal to the average closing price on each trading day during the 30 calendar day period ending May 31, 2011.
Restricted stock units were granted under the Cousins Properties Incorporated 2005 Restricted Stock Unit Plan (the 2005 RSU Plan) and have vested as to 25% of the total units granted. As required under the 2005 RSU Plan, the vested units were settled for cash from CPI. Each restricted stock unit is the economic equivalent of one share of CPI common stock.
Award of restricted stock units under Cousins Properties Incorporated (CPI) 2005 Restricted Stock Unit Plan. Each unit represents a right to receive a payment in cash equal to the average of the closing price of CPI's common stock on each trading day during the 30 day period ending on the date payment is due under the plan. These units will vest 25% per year on each anniversary date of the grant, with units being 100% vested in year 4 of the grant term. Unforfeited shares held prior to vesting will earn dividends paid annually but will not have shareholder rights. All unvested shares will forfeit upon separation from service as a member of the Board.
/s/ Kristin R. Myers, by Power of Attorney
2011-06-02