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COUSINS PROPERTIES INC — Director's Dealing 2010
Mar 17, 2010
31058_dirs_2010-03-17_e6ad7740-2b1c-4981-8d37-31f4c6783a22.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: COUSINS PROPERTIES INC (CUZ)
CIK: 0000025232
Period of Report: 2010-03-15
Reporting Person: KNOX BOONE A (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2010-03-15 | Common Stock | A | 396 | $7.30 | Acquired | 53126 | Direct |
| 2010-03-15 | Common Stock | A | 1293 | $7.30 | Acquired | 172237 | Indirect |
| 2010-03-15 | Common Stock | A | 62 | $7.30 | Acquired | 8364 | Indirect |
| 2010-03-15 | Common Stock | A | 914 | $7.30 | Acquired | 121751 | Indirect |
Footnotes
F1: Shares of common stock acquired as a result of the elective stock dividend paid on March 15, 2010. Shareholders elected, pursuant to the terms of the Prospectus Supplement filed February 9, 2010 ("Supplement"), to receive the dividend in all or partial stock. If all stock was elected, shareholders received their entire dividend in stock. If partial stock was elected, shareholders received approximately $0.055337 of the $0.09 dividend in stock. The value of the shares distributed is $7.30 per share which were valued at the average closing price on March 3, 4, and 5, 2010 pursuant to the terms of the Supplement.
F2: Includes 607 shares of restricted stock awarded on 3/31/2008 under the Cousins Properties Incorporated (CPI) 1999 Incentive Stock Plan. These shares will vest 25% per year on each anniversary date of the grant as previously disclosed, and CPI will hold these shares until such shares become vested. While the shares are being held prior to vesting, the reporting person will have the right to receive all cash dividends and to vote the restricted shares. All unvested shares will forfeit if the Director's service as a member of the CPI Board of Directors terminates, unless separation due to death.
F3: Shares held by BAK Limited, LLLP, a limited liability limited partnership of which the reporting person is a 1% general partner and the sole limited partner owning a 98.64% limited interest. The reporting person's wife also owns a 0.09% general interest.