- Statement of Changes in Beneficial Ownership (4)
08 Dezember 2011 - 3:06AM
Edgar (US Regulatory)
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
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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OMB Number:
3235-0287
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November 30, 2011
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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(f) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Engel Matthew A
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2. Issuer Name
and
Ticker or Trading Symbol
GRUBB & ELLIS CO
[
GBE
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director
_____ 10% Owner
__
X
__ Officer (give title below)
_____ Other (specify below)
EVP, Finance
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(Last)
(First)
(Middle)
C/O GRUBB & ELLIS COMPANY, 1551 N. TUSTIN AVENUE, SUITE 300
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3. Date of Earliest Transaction
(MM/DD/YYYY)
12/5/2011
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(Street)
SANTA ANA, CA 92705
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_
X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security
(Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code
(Instr. 8)
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4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock, par value $0.01
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12/5/2011
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F
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1834
(1)
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D
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$0.22
(2)
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40289
(3)
(4)
(5)
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D
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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)
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2. Conversion or Exercise Price of Derivative Security
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3. Trans. Date
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3A. Deemed Execution Date, if any
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4. Trans. Code
(Instr. 8)
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5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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6. Date Exercisable and Expiration Date
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7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
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8. Price of Derivative Security
(Instr. 5)
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9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)
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10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)
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11. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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(A)
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(D)
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Date Exercisable
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Expiration Date
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Title
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Amount or Number of Shares
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Convertible Preferred Stock, par value $0.01
(6)
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(7)
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(8)
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(8)
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Common Stock, par value $0.01
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(7)
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1000
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D
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Explanation of Responses:
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(
1)
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Represents 1,834 restricted shares of common stock of Grubb & Ellis Company (the "Company") that were withheld upon vesting to satisfy Mr. Engel's tax withholding obligation in connection with the vesting of a total of 5,000 restricted shares of the Company's common stock that were previously awarded to Mr. Engel.
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(
2)
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On December 2, 2011, the effective date for determination of the tax withholding requirements related to Mr. Engel's vested restricted shares of the Company's common stock, the closing price for the Company's common stock was $0.22.
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(
3)
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Beneficially owned shares include 10,000 restricted shares of the Company's common stock that were granted to Mr. Engel on February 4, 2009 pursuant to the Company's 2006 Omnibus Equity Plan and all such shares will vest on the fourth anniversary of the grant date.
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(
4)
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Beneficially owned shares also include (i) 9,416 shares of the Company's common stock, with 3,166 of such shares representing the balance of the 5,000 restricted shares that vested on December 5, 2011 minus the 1,834 shares that were withheld to satisfy Mr. Engel's tax withholding obligation and (ii) 5,000 restricted shares of the Company's common stock that were granted to Mr. Engel on December 3, 2008 pursuant to the Company's 2006 Omnibus Equity Plan and which will vest on the fourth anniversary of the grant date.
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(
5)
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Beneficially owned shares also include 15,873 shares of the Company's phantom stock that were granted to Mr. Engel on December 3, 2008 pursuant to the Company's Deferred Compensation Plan and all such shares will vest on the fourth anniversary of the grant date.
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(
6)
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The full title of the deriviative security is 12% Cumulative Participating Perpetual Convertible Preferred Stock, par value $0.01 per share (the "Preferred Stock").
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(
7)
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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.
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(
8)
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The Preferred Stock is convertible, in whole or in part, into common stock at any time at Mr. Engel's option and has no expiration date.
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Reporting Owners
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Reporting Owner Name / Address
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Relationships
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Director
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10% Owner
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Officer
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Other
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Engel Matthew A
C/O GRUBB & ELLIS COMPANY
1551 N. TUSTIN AVENUE, SUITE 300
SANTA ANA, CA 92705
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EVP, Finance
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Signatures
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/s/ Matthew A. Engel
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12/7/2011
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**
Signature of Reporting Person
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Date
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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*
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If the form is filed by more than one reporting person,
see
Instruction 4(b)(v).
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**
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Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See
18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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Note:
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File three copies of this Form, one of which must be manually signed. If space is insufficient,
see
Instruction 6 for procedure.
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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.
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