0001209191-14-050888.txt : 20140806 0001209191-14-050888.hdr.sgml : 20140806 20140806170742 ACCESSION NUMBER: 0001209191-14-050888 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20140804 FILED AS OF DATE: 20140806 DATE AS OF CHANGE: 20140806 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 SEC ACT: 1934 Act SEC FILE NUMBER: 001-12080 FILM NUMBER: 141020762 MAIL ADDRESS: STREET 1: 4401 NORTHSIDE PARKWAY STREET 2: SUITE 800 CITY: ATLANTA STATE: GA ZIP: 30327 4 1 doc4.xml FORM 4 SUBMISSION X0306 4 2014-08-04 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 2014-08-04 4 M 0 665 A 30468 D Common Stock 2014-08-04 4 F 0 222 55.17 D 30246 D Common Stock 2014-08-04 4 M 0 707 A 30953 D Common Stock 2014-08-04 4 F 0 236 55.17 D 30717 D Stock Option/Stock Appreciation Right 37.04 2014-08-04 4 M 0 2024 0.00 D 2014-02-07 2021-02-07 Common Stock 2024 0 D Stock Option/Stock Appreciation Right 44.05 2014-08-04 4 M 0 3512 0.00 D 2013-01-25 2022-01-25 Common Stock 3512 1758 D Units in 401(k) Plan 2014-08-04 4 I 0 1516.0474 16.8403 D Common Stock 462.764 0 D On February 7, 2011, reporting person received a grant of 6,070 shares under the Amended and Restated Post Properties, Inc. 2003 Incentive Stock Plan ("Plan"). The grant has fully vested. The terms of the grant provided the reporting person with a choice to treat the grant as options having an exercise price of $37.04 or as a stock appreciation right ("SAR"). The reporting person choose to treat 2,024 shares as an SAR on the exercise date. Thus, the computation of the 665 shares received was determined as follows: difference between the $55.17 fair market value on the date of exercise and the $37.04 exercise price ($18.13) times 2,024, then dividing that amount by the $55.17 fair market value. The balance includes 17,139 restricted shares that have not vested. On January 25, 2012, reporting person received a grant of 5,270 shares under the Amended and Restated Post Properties, Inc. 2003 Incentive Stock Plan ("Plan"). The grant vested one-third on 1/25/2013 and 1/25/2014, the remaining one-third will vest on 1/25/2015. The terms of the grant provided the reporting person with a choice to treat the grant as options having an exercise price of $44.05 or as a stock appreciation right ("SAR"). The reporting person choose to treat 3,512 shares as an SAR on the exercise date. Thus, the computation of the 707 shares received was determined as follows: difference between the $55.17 fair market value on the date of exercise and the $44.05 exercise price ($11.12) times 3,512, then dividing that amount by the $55.17 fair market value. Option/SAR fully vested. Of the 5,270 Option/SAR granted on 01/25/2012, one third vested on 01/25/2013, one third vested on 01/25/2014 and remainder will vest on 01/25/2015. 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 $16.8403 as of 8/4/2014. 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. The reporting person transferred the portion of his 401(k) account held in the issuer stock fund into a different participant investment option. As of 8/4/2014 and prior to the transaction, the reporting person held an equivalent of 462.7640021 shares in the issuer 401(k) Plan. /s/ Sherry Cohen, Power of Attorney 2014-08-06