-----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, P+RsoX3mke30YnTicaqO9RjqFB4RU7p7ARxDe2eqcAUrMxlfXUlghMY1mahNGaLK Ko4ihRLldL5afe3+BKuDPw== 0001209191-05-046444.txt : 20050908 0001209191-05-046444.hdr.sgml : 20050908 20050908171002 ACCESSION NUMBER: 0001209191-05-046444 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20050906 FILED AS OF DATE: 20050908 DATE AS OF CHANGE: 20050908 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: FRENCH RUSSELL R CENTRAL INDEX KEY: 0001232996 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-12080 FILM NUMBER: 051075908 MAIL ADDRESS: STREET 1: 9 NORTH PARKWAY SQUARE STREET 2: 4200 NORTHSIDE PARKWAY CITY: ATLANTA STATE: GA ZIP: 30327 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: POST PROPERTIES INC CENTRAL INDEX KEY: 0000903127 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 581550675 STATE OF INCORPORATION: GA FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 4401 NORTHSIDE PARKWAY STREET 2: SUITE 800 CITY: ATLANTA STATE: GA ZIP: 30327 BUSINESS PHONE: 4048465000 MAIL ADDRESS: STREET 1: 4401 NORTHSIDE PARKWAY STREET 2: SUITE 800 CITY: ATLANTA STATE: GA ZIP: 30327 4 1 doc4.xml FORM 4 SUBMISSION X0202 4 2005-09-06 0 0000903127 POST PROPERTIES INC PPS 0001232996 FRENCH RUSSELL R 4401 NORTHSIDE PARKWAY SUITE 800 ATLANTA GA 30327-3057 1 0 0 0 Phantom Stock Units 2005-09-06 4 J 0 8915 A Common Stock 8915 8915 D Phantom Stock Units 2005-09-06 4 J 0 2275 A Common Stock 2275 2275 D In August 2005, the board of directors of the Issuer approved the amendment and restatement of the Issuer's deferred compensation plan (the "plan") under which a director may defer all or a portion of fees payable to the director during any calendar year for services as a member of the Issuer's board of directors. After the amendments to the plan, distributions from the plan may only be made in the Issuer's stock and the Issuer's stock will be the only benchmark investment alternative available under the plan. The Issuer issued a number of shares of stock to the rabbi trust on September 6, 2005 in connection with the amended plan equal to the shares held in the reporting person's bookkeeping representing the aggregate number of shares credited to the reporting person's account since he began participation in the plan. Each unit is exchangeable for 1 share. Under the revised terms of the plan, the reporting person may direct the voting of shares held by the rabbi trust equal to the number of shares held in his account. Under the amended plan, amounts historically credited to the reporting person's account into benchmark investment alternatives other than the Issuer's stock were converted into accounts of Issuer phantom stock by application of a formula specified in the amended plan. Under the formula, the number of phantom shares to be credited to the reporting person's account was determined by dividing the value of the alternative investments in the reporting person's account by the average of the closing price of a share of the Issuer's stock for each of the five consecutive trading days ending with August 16, 2005. /s/ Sherry Cohen, Power of Attorney 2005-09-08 -----END PRIVACY-ENHANCED MESSAGE-----