0001209191-14-075406.txt : 20141215 0001209191-14-075406.hdr.sgml : 20141215 20141215164123 ACCESSION NUMBER: 0001209191-14-075406 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20141211 FILED AS OF DATE: 20141215 DATE AS OF CHANGE: 20141215 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: GODDARD ROBERT C III CENTRAL INDEX KEY: 0001232998 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-12080 FILM NUMBER: 141286950 MAIL ADDRESS: STREET 1: 3390 PEACHTREE ROAD NE STREET 2: SUITE 1200 CITY: ATLANTA STATE: GA ZIP: 30326-2821 4 1 doc4.xml FORM 4 SUBMISSION X0306 4 2014-12-11 0 0000903127 POST PROPERTIES INC PPS 0001232998 GODDARD ROBERT C III 4401 NORTHSIDE PARKWAY SUITE 800 ATLANTA GA 30327-3057 1 0 0 0 Common Stock 2014-12-11 4 M 0 15939 A 275315.9566 D Common Stock 2014-12-11 4 M 0 5139 A 280454.9566 D Stock Option/Stock Appreciation Right 40.15 2014-12-11 4 M 0 50000 0.00 D 2009-01-18 2016-01-18 Common Stock 50000 0 D Stock Option/Stock Appreciation Right 48.00 2014-12-11 4 M 0 27690 0.00 D 2010-02-02 2017-02-02 Common Stock 27690 0 D Phantom Stock 2014-12-11 4 A 0 4272 0.00 A Common Stock 4272 25567 D On January 18, 2006, reporting person received a grant of 50,000 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 $40.15 or as a stock appreciation right ("SAR"). The reporting person choose to treat 50,000 shares as an SAR on the exercise date. Thus, the computation of the 15,939 shares received was determined as follows: difference between the $58.94 fair market value on the date of exercise and the $40.15 exercise price ($18.79) times 50,000, then dividing that amount by the $58.94 fair market value. The balance includes 1,492 restricted shares that have not vested. On February 2, 2007, reporting person received a grant of 27,690 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 $48.00 or as a stock appreciation right ("SAR"). The reporting person choose to treat 27,690 shares as an SAR on the exercise date. Thus, the computation of the 5,139 shares received was determined as follows: difference between the $58.94 fair market value on the date of exercise and the $48.00 exercise price ($10.94) times 27,690, then dividing that amount by the $58.94 fair market value. Option/SAR fully vested. To update the balance of phantom stock units held to include 4,272 shares credited to reporting person's account for dividend reinvestments since the last filed Form 4 reporting phantom units received in connection with the plan. /s/ Sherry Cohen, Power of Attorney 2014-12-15