0001209191-11-015030.txt : 20110303 0001209191-11-015030.hdr.sgml : 20110303 20110303165157 ACCESSION NUMBER: 0001209191-11-015030 CONFORMED SUBMISSION TYPE: 4/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110207 FILED AS OF DATE: 20110303 DATE AS OF CHANGE: 20110303 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: PAPA CHRISTOPHER J CENTRAL INDEX KEY: 0001271836 FILING VALUES: FORM TYPE: 4/A SEC ACT: 1934 Act SEC FILE NUMBER: 001-12080 FILM NUMBER: 11660863 MAIL ADDRESS: STREET 1: 4401 NORTHSIDE PARKWAY STREET 2: SUITE 800 CITY: ATLANTA STATE: GA ZIP: 30327 4/A 1 doc4a.xml FORM 4/A SUBMISSION X0303 4/A 2011-02-07 2011-02-09 0 0000903127 POST PROPERTIES INC PPS 0001271836 PAPA CHRISTOPHER J 4401 NORTHSIDE PARKWAY SUITE 800 ATLANTA GA 30327-3057 0 1 0 0 EVP & Chief Financial Officer Common Stock 2011-02-07 4 A 0 8640 0.00 A 46329.06 D Stock Options (right to buy) 37.04 2011-02-07 4 A 0 6070 0.00 A 2012-02-07 2021-02-07 Common Stock 6070 6070 D Units in 401(k) Plan Common Stock 933.8561 3276.6179 D Restricted stock awarded under the company's Amended and Restated Post Properties, Inc. 2003 Incentive Stock Plan. Shares vests one-third each year over a three year period beginning 12/31/2011. The balance includes 27,525 restricted shares that have not vested. Option vests one-third each year over a three year period beginning 2/7/2012. As the option vests the Reporting Person may elect to treat the vested portion as a stock appreciation right and receive the value between the exercise price and the current market price in shares of common stock equal to the spread at the time of the exercise. The issuer's outside administrator for the employees 401(k) plan holds issuer stock in a pooled fund as a participant investment option. Participant contributions designated to be invested in issuer common stock are accounted for as units of interest in the issuer fund. Each unit was valued at $10.3201 as of 1/11/2011. The unit value will fluctuate with fluctuations in the value of the issuer common stock and the daily cash position. Dividends on the issuer common stock held in the issuer stock fund are included in the unit value. 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. As of 1/11/2011, the reporting person held an equivalent of 933.8561 shares in the issuer 401(k) Plan. The 401(k) plan is a"Qualified Plan" as defined in Rule 16b-3(b)(4). This amendment is filed to correct the number of shares and units held which was understated in the previously filed Form 4 as a result of an administrative error. Issuer contributed 712.20 units as a employer match contribution to Reporting Person's 401(k) plan for the issuer's 2010 fiscal year, which is an equivalent of 202.98 shares. /s/ Sherry Cohen, Power of Attorney 2011-03-03