-----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, WAXJq8A+zm3iJSoD9eoFCTsxpSBo8kP7ooRgm4zEKBURxAWbaMIWgdSlJGZuK+je 4LOELjvJvgO475TgXxjIJw== 0001209191-06-023930.txt : 20060413 0001209191-06-023930.hdr.sgml : 20060413 20060413151414 ACCESSION NUMBER: 0001209191-06-023930 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20060405 FILED AS OF DATE: 20060413 DATE AS OF CHANGE: 20060413 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 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: QUIRK ARTHUR J CENTRAL INDEX KEY: 0001232993 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-12080 FILM NUMBER: 06758288 MAIL ADDRESS: STREET 1: 4401 NORTHSIDE PARKWAY SUITE 800 CITY: ATLANTA STATE: GA ZIP: 30327-3057 4 1 doc4.xml FORM 4 SUBMISSION X0202 4 2006-04-05 0 0000903127 POST PROPERTIES INC PPS 0001232993 QUIRK ARTHUR J 4401 NORTHSIDE PARKWAY SUITE 800 ATLANTA GA 30327-3057 0 1 0 0 SVP & CAO Common Stock 2006-04-05 4 A 0 5 0.00 A 6873.7344 D Units in 401(k) plan Common Stock 585.512 D Represents shares granted to the reporting person under the Company's 2003 Incentive Stock Plan for 5 years of service to the Company. The issuer changed record keepers and investment options in the Post Properties, Inc. 401(k) Plan (the "Plan") as of April 1, 2006 (the "Transfer Date"). The changes result in the shares of issuer common stock to be reflected as units rather than actual shares. As a result, holdings in issuer common stock will be reported in terms of units in Table 2 of Form 4 reporting rather than, as in the past, shares in Table 1. The total assets of the issuer stock fund represented by the units is comprised of issuer stock and a small cash balance used to simplify trading activity. Each unit was valued at $10 on the Transfer Date. The unit value will fluctuate based on any fluctuations in the value of the issuer common stock and the daily cash position. Future dividends on the issuer common stock held in the issuer stock fund will be reflected in the unit value. The value of the shares of issuer common stock held by reporting person on the Transfer Date, based upon the closing price of issuer common stock as reported on the NYSE on March 31, 2006, was divided by $10 to determine the number of units attributable to the reporting person after the changes. Thus, 131.5756 shares held by reporting person in the Plan on the Transfer Date was converted into 585.512 units. The number of shares of issuer stock attributable to the reporting person can be determined at any time by first multiplying the number of units in the reporting person's account by the then current unit price and dividing the total by the price of the issuer common stock. The Plan has always been and will continue to be within the definition of "Qualified Plan" as defined in Rule 16b-3(b)(4). /s/ Sherry W. Cohen, Power of Attorney 2006-04-13 -----END PRIVACY-ENHANCED MESSAGE-----