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EQR » Topics » OPTION EXERCISES IN 2005 AND YEAR-END OPTION VALUES

This excerpt taken from the EQR DEF 14A filed Apr 17, 2006.
OPTION EXERCISES IN 2005
AND YEAR-END OPTION VALUES

  Number of   Number of Value of
  Shares Value Unexercised Unexercised
  Acquired Realized Options at Options at
  Upon   Upon Dec. 31, 2005 Dec. 31, 2005(2)
        Name       Exercise      Exercise(1)      Exercisable      Unexercisable      Exercisable      Unexercisable
Bruce W. Duncan  252,395  $3,523,818         575,754    0      $5,173,888     $0
David J. Neithercut  51,300  820,063       584,438  250,307  8,754,948 2,312,992
Gerald A. Spector  251,316  3,276,726       588,154  589,148  7,001,291   5,303,888
Frederick C. Tuomi  103,026  1,442,584       223,979  132,829  2,711,149 1,275,888
Alan W. George  63,030  550,914       186,548  156,223  2,323,639 1,484,432

(1)       Represents the market value of a common share on the exercise date less the exercise price of the option.
 
(2) Represents the market value of a common share on December 30, 2005 ($39.12) less the option exercise price of in-the-money options.

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