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Share Name | Share Symbol | Market | Type |
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Grubb & Ellis Company Common Stock | NYSE:GBE | NYSE | Ordinary Share |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.0683 | 0.00 | 01:00:00 |
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue.
See
Instruction 1(b).
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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OMB APPROVAL
OMB Number: 3235-0287 Expires: February 28, 2011 Estimated average burden hours per response... 0.5 |
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Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940 |
|
1. Name and Address of Reporting Person
*
VAN BERKEL JACOB |
2. Issuer Name
and
Ticker or Trading Symbol
GRUBB & ELLIS CO [ GBE ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __ X __ Officer (give title below) _____ Other (specify below) EVP and COO |
C/O GRUBB & ELLIS COMPANY, 1551 N. TUSTIN AVENUE, SUITE 300 |
3. Date of Earliest Transaction
(MM/DD/YYYY)
|
|
SANTA ANA, CA 92705 |
4. If Amendment, Date Original Filed
(MM/DD/YYYY)
|
6. Individual or Joint/Group Filing
(Check Applicable Line)
_ X _ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person |
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
||||||||||
1.Title of Security
(Instr. 3) |
2. Trans. Date | 2A. Deemed Execution Date, if any |
3. Trans. Code
(Instr. 8) |
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) |
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) |
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
Common Stock, par value $0.01 | 3/10/2011 | F | 62467 (1) | D | $1.01 (2) | 1059442 (3) | D |
Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) |
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1. Title of Derivate Security
(Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any |
4. Trans. Code
(Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) |
6. Date Exercisable and Expiration Date |
7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) |
8. Price of Derivative Security
(Instr. 5) |
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Convertible Preferred Stock, par value $0.01 (4) | (5) | (6) | (6) | Common Stock, par value $0.01 | (5) | 250 | D |
Explanation of Responses: | |
( 1) | Represents 62,467 restricted shares of common stock of Grubb & Ellis Company (the "Company") that were withheld upon vesting to satisfy Mr. Van Berkel's tax withholding obligation in connection with the vesting of a total of 166,667 restricted shares of the Company's common stock that were previously awarded to Mr. Van Berkel. |
( 2) | On March 9, 2011, the effective date for determination of tax withholding requirements related to Mr. Van Berkel's vested restricted shares of the Company's common stock, the closing price for the Company's common stock was $1.01. |
( 3) | Beneficially owned shares include (i) 120,000 shares of the Company's common stock awarded to Mr. Van Berkel pursuant to the Company's 2006 Omnibus Equity Plan (the "Plan") which vest in equal thrity-three and one-third (33 1/3%) installments on the first business day after the first, second and third anniversaries of the grant date (December 3, 2008) and are subject to acceleration under certain conditions; and (ii) 1,000,000 restricted shares of the Company's common stock awarded pursuant to the Plan, (A) 500,000 of which are subject to vesting in equal annual increments of 1/3 each, commencing on the first anniversary of the grant date (March 10, 2010) and (B) 500,000 of which are subject to vesting based upon the market price of the Company's common stock during the 3 year period beginning March 10, 2010. All such 1,000,000 shares are subject to Mr. Van Berkel's continued employment by the Company and to the terms of a restricted share agreement. |
( 4) | The full title of the deriviative security is 12% Cumulative Participating Perpetual Convertible Preferred Stock, par value $0.01 per share (the "Preferred Stock"). |
( 5) | Each share of Preferred Stock is convertible into 60.606 shares of the Company's common stock, which represents a conversion price of approximately $1.65 per share. |
( 6) | The Preferred Stock is convertible, in whole or in part, into the Company's common stock at any time at Mr. Van Berkel's option and has no expiration date. |
Reporting Owners
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Reporting Owner Name / Address |
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Director | 10% Owner | Officer | Other | ||
VAN BERKEL JACOB
C/O GRUBB & ELLIS COMPANY 1551 N. TUSTIN AVENUE, SUITE 300 SANTA ANA, CA 92705 |
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EVP and COO |
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Signatures
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/s/ Jacob Van Berkel | 3/14/2011 | |
** Signature of Reporting Person |
Date
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
Note: | File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. |
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. |
1 Year Grubb & Ellis Company Common Stock Chart |
1 Month Grubb & Ellis Company Common Stock Chart |
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