-----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, BhfepEPrLPwR53VSMsZv+6IT/ZjNNVfVyWiTr0QEetU5oyvOkQHXB5qp2A/gUIOL sM9U4AsDlhOUtFbIityeNQ== 0001125282-07-000474.txt : 20070220 0001125282-07-000474.hdr.sgml : 20070219 20070220153406 ACCESSION NUMBER: 0001125282-07-000474 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20070215 FILED AS OF DATE: 20070220 DATE AS OF CHANGE: 20070220 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: BRANDYWINE REALTY TRUST CENTRAL INDEX KEY: 0000790816 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 232413352 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 14 CAMPUS BLVD STREET 2: STE 100 CITY: NEWTOWN SQUARE STATE: PA ZIP: 19073 BUSINESS PHONE: 6103255600 MAIL ADDRESS: STREET 1: TWO GREENTREE CENTRE STREET 2: SUITE 100 CITY: MARLTON STATE: NJ ZIP: 08053 FORMER COMPANY: FORMER CONFORMED NAME: LINPRO SPECIFIED PROPERTIES DATE OF NAME CHANGE: 19920703 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: SIPZNER HOWARD CENTRAL INDEX KEY: 0001170927 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-09106 FILM NUMBER: 07635425 BUSINESS ADDRESS: STREET 1: 1696 NE MIANI GARDEN DR CITY: NORTH MIAMI BEACH STATE: FL ZIP: 33179 BUSINESS PHONE: 3039471664 MAIL ADDRESS: STREET 1: 1696 NE MIAMI GARDENS DRIVE CITY: NMB STATE: FL ZIP: 33179 4 1 form.xml X0202 4 2007-02-15 0000790816 BRANDYWINE REALTY TRUST BDN 0001170927 SIPZNER HOWARD 555 E. LANCASTER AVE. SUITE 100 RADNOR PA 19087 1 Executive Vice President & CFO Common Shares of Beneficial Interest 2007-02-15 2007-02-15 4 A 0 18010 33.3153 A 18010 D Performance Rights 2007-02-15 2007-02-15 5 A 0 0 A Common Shares of Beneficial Interest 0 0 D Phantom Stock 0 2007-02-15 2007-02-15 5 A 0 3500 34.49 A 2007-02-15 2015-05-02 Common Shares of Beneficial Interest 3500 3500 D Performance Shares granted pursuant to Mr. Sipzner's employment agreement (as previously disclosed on Form 8-K) and will vest ratably over five years commencing March 20, 2008, and each successive January 15th thereafter until January 15, 2012. On February 15, 2007. Mr. Sipzner also received an award under the Brandywine Realty Trust (BDN) 2006 Long-Term Outperformance Compensation Program (the Program), a copy of which BDN previously filed as an exhibit to a Current Report on Form 8-K. The award represents a contingent right to receive 4.5% of a compensation pool that may be funded under the Program, payable in BDN common shares, if BDN's total shareholder return during the measurement period established under the Program exceeds specified hurdles and if the reporting person satisfies the vesting conditions applicable to his award. The number of BDN common shares, if any, that the reporting person would receive on account of his award will depend on the extent to which the performance hurdles are exceeded, the price of the BDN common share at the end of the measurement period and the reporting person's achievement of the vesting conditions applicable to his award. Shares of phantom stock were acquired under the Brandywine Realty Trust Executive Deferred Compensation Plan and are payable in common shares as elected by the reporting person pursuant to the Plan which may include such dates as termination of the reporting person's employment with the issuer or upon reaching a specific age and such shares are exempt from 16(b) pursuant to Rule 16b-3(d). The reporting person's account was credited with phantom stock at a rate of $34.49 per unit on February 15, 2007 on account of the deferral of a portion of his transition signing bonus pursuant to his employment agreement. Each phantom share has the equivalency of one common share. Howard Sipzner 2007-02-20 -----END PRIVACY-ENHANCED MESSAGE-----