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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
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. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction 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 (Month/Day/Year) |
7. Title and Amount of Underlying Securities (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) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Stock Options | $ 28.1 | 01/05/2006 | D | 3,895 | (4) | 02/28/2012 | Common Shares | 3,895 | (4) | 0 | D | ||||
Stock Options | $ 26.09 | 01/05/2006 | D | 5,000 | (5) | 03/05/2013 | Common Shares | 5,000 | (5) | 0 | D | ||||
Stock Options | $ 34.2 | 01/05/2006 | D | 22,000 | (6) | 02/23/2014 | Common Shares | 22,000 | (6) | 0 | D | ||||
Stock Options | $ 34.8 | 01/05/2006 | D | 30,000 | (7) | 02/03/2015 | Common Shares | 30,000 | (7) | 0 | D | ||||
Stock Options | $ 28.1 | 01/05/2006 | D | 201 | (8) | 02/28/2012 | Common Shares | 201 | (8) | 0 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
CUSHING DANIEL K 3890 WEST NORTHWEST HIGHWAY SUITE 400 DALLAS, TX 75220 |
Senior Vice President |
Gregory S. Imhoff (POA on File) Daniel K. Cushing | 01/09/2006 | |
**Signature of Reporting Person | Date |
* | 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). |
(1) | These shares were held in a deferred compensation account and will be exchanged at the option exercise ratio for 26,097 shares of BDN having a market value of $755,508 on the date of the merger. |
(2) | These shares will be exchanged for the merger consideration of $21.50 per share and 9,051 shares of BDN having a market value of $262,026 on the date of the merger. |
(3) | See footnote 2. |
(4) | This option, held in a deferred compensation account, which provided for vesting in three equal annual installments beginning on February 28, 2002, was assumed by Brandywine in the merger and replaced with and option to purchase 5,638 common shares of beneficial interest of Brandywine for $19.4114 per common share. |
(5) | This option, held in a deferred compensation account, which provided for vesting in three equal annual installments beginning on March 5, 2003, was assumed by Brandywine in the merger and replaced with and option to purchase 7,238 common shares of beneficial interest of Brandywine for $18.0229 per common share. |
(6) | This option, held in a deferred compensation account, which provided for vesting in three equal annual installments beginning on February 23, 2004, was assumed by Brandywine in the merger and replaced with and option to purchase 31,847 common shares of beneficial interest of Brandywine for $23.6253 per common share. |
(7) | This option, which provided for vesting in three equal annual installments beginning on February 3, 2005, was assumed by Brandywine in the merger and replaced with an option to purchase 43,428 common shares of beneficial interest of Brandywine for $24.0398 per common share. |
(8) | This option, which provided for vesting in three equal annual installments beginning February 28, 2002, was canceled in the merger in exchange for a cash payment of $2,608.98, representing the number of unexercised shares relating to such option times the difference between the per share exercise price of the option and the per share cash value of the merger consideration $41.08 per share. |