0001209191-12-026991.txt : 20120509 0001209191-12-026991.hdr.sgml : 20120509 20120509161650 ACCESSION NUMBER: 0001209191-12-026991 CONFORMED SUBMISSION TYPE: 4/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20120125 FILED AS OF DATE: 20120509 DATE AS OF CHANGE: 20120509 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Teabo Sheila J. CENTRAL INDEX KEY: 0001479176 FILING VALUES: FORM TYPE: 4/A SEC ACT: 1934 Act SEC FILE NUMBER: 001-12080 FILM NUMBER: 12825945 MAIL ADDRESS: STREET 1: 4401 NORTHSIDE PARKWAY STREET 2: SUITE 800 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/A 1 doc4a.xml FORM 4/A SUBMISSION X0305 4/A 2012-01-25 2012-01-27 0 0000903127 POST PROPERTIES INC PPS 0001479176 Teabo Sheila J. 4401 NORTHSIDE PARKWAY SUITE 800 ATLANTA GA 30327 0 1 0 0 Executive Vice Pres. Common Stock 2012-01-25 4 A 0 4087 0.00 A 16683.66 D Stock Option (right to buy) 44.05 2012-01-25 4 A 0 2970 0.00 A 2013-01-25 2022-01-25 Common Stock 2970 2970 D Units in 401(k) Plan Common Stock 578.6413 3798.9394 D Restricted stock awarded under the company's Amended and Restated Post Properties, Inc. 2003 Incentive Stock Plan. Restricted stock vests one-third each year over a three year period beginning on 12/31/2012. The balance includes 6,985 restricted shares that have not vested. Balance includes 9 shares received under the Issuer's Employee Stock Purchase Plan (the "Plan"), purchase period July 1, 2011 - December 31, 2011. Option vests one-third each year over a three year period beginning 01/25/2013. 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 $12.4493 as of 1/10/2012. 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 1/10/2012, the reporting person held an equivalent of 1100.887728 shares in the issuer 401(k) Plan. The 401(k) plan is a"Qualified Plan" as defined in Rule 16b-3(b)(4). Issuer contributed 578.641341 units as a employer match contribution to Reporting Person's 401(k) plan for the issuer's 2011 fiscal year, which is an equivalent of 167.683418 shares. Amendment filed due to corrective action taken as a result of the 401(k) Plan nondiscrimination testing, which necessitated a reduction of the number of units (corresponding shares) included in the employer match contribution by Issuer to the Reporting Person's 401(k) account. Balance includes .360341 units acquired as a result of Plan Service Credits under the Issuer's 401(k) Plan, during the period September 1, 2011 to January 10, 2012. /s/ Sherry W. Cohen, Power of Attorney 2012-05-09