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Filing Details

Accession Number:: 0001209191-14-050895
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2014-08-06 17:17:12
Reporting Period:: 2014-08-04

Filing Date:: 2014-08-06
Accepted Time:: 2014-08-06 17:17:12
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
903127	Post Properties Inc	PPS	Real Estate Investment Trusts (6798)	581550675

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1232987	W Sherry Cohen	4401 Northside Parkway Suite 800 Atlanta GA 30327-3057	Evp And Secretary	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2014-08-04	9,702	$54.40	10,759	No	4	S	Direct
Common Stock	Disposition	2014-08-05	425	$54.95	0	No	4	S	Indirect	By Spouse
Common Stock	Acquisiton	2014-08-06	1,032	$0.00	11,791	No	4	M	Direct
Common Stock	Disposition	2014-08-06	344	$54.76	11,447	No	4	F	Direct
Common Stock	Acquisiton	2014-08-06	387	$0.00	11,834	No	4	M	Direct
Common Stock	Disposition	2014-08-06	129	$54.76	11,705	No	4	F	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Direct
No	4	S	Indirect	By Spouse
No	4	M	Direct
No	4	F	Direct
No	4	M	Direct
No	4	F	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Stock Option/Stock Appreciation Right	Disposition	2014-08-06	3,190	$0.00	3,190	$37.04
Common Stock	Stock Option/Stock Appreciation Right	Disposition	2014-08-06	1,980	$0.00	1,980	$44.05

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	2014-02-07	2021-02-07	No	4	M	Direct
990	2013-01-25	2022-01-25	No	4	M	Direct

Footnotes

The price shown is the weighted average price at which shares were sold in multiple sales transactions made pursuant to a single market order. The range of prices for the transactions made was $54.30 to $54.42. Upon request by SEC staff, the issuer or a security holder of the issuer, the reporting person will provide full information regarding the number of shares sold at each separate price.
The balance includes 10,759 restricted shares that have not vested.
The shares disposed of were held in the IRA account of the spouse of the reporting person and had been erroneously reported in previously filed Form 4's as 400 shares rather than the actual number of 425 shares.
On February 7, 2011, reporting person received a grant of 3,190 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 3,190 shares as an SAR on the exercise date. Thus, the computation of the 1,032 shares received was determined as follows: difference between the $54.76 fair market value on the date of exercise and the $37.04 exercise price ($17.72) times 3,190, then dividing that amount by the $54.76 fair market value.
On January 25, 2012, reporting person received a grant of 2,970 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 $44.05 or as a stock appreciation right ("SAR"). The reporting person choose to treat 1,980 shares as an SAR on the exercise date. Thus, the computation of the 387 shares received was determined as follows: difference between the $54.76 fair market value on the date of exercise and the $44.05 exercise price ($10.71) times 1,980, then dividing that amount by the $54.76 fair market value.
Option/SAR fully vested.
Of the 2,970 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.