FRT » Topics » Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

This excerpt taken from the FRT 10-Q filed Jun 25, 2009.

Item 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

During the three months ended March 31, 2009, we issued 12,918 unregistered shares at a weighted average price per share of $53.17 pursuant to our Dividend Reinvestment and Stock Purchase Plan (the “Plan”). Our registration statement on Form S-3 relating to the Plan expired on December 1, 2008. As a result, these shares were inadvertently sold under an expired registration statement and do not appear to qualify for an exemption from registration under the Securities Act of 1933, as amended. We expect to file a new registration statement relating to the Plan by the end of the second quarter of 2009.

This excerpt taken from the FRT 10-Q filed Nov 6, 2006.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

Under the terms of various operating partnership agreements of certain of our affiliated limited partnerships, the interests of limited partners in those limited partnerships may be redeemed, subject to certain conditions, for cash or an equivalent number of our common shares, at our option. On September 29, 2006, we issued 25,000 common shares to redeem 25,000 operating partnership units. These shares were issued in reliance on an exemption from the registration requirements of the Securities Act of 1933.

This excerpt taken from the FRT 10-Q filed Aug 2, 2006.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

Under the terms of various operating partnership agreements of certain of our affiliated limited partnerships, the interests of limited partners in those limited partnerships may be redeemed, subject to certain conditions, for cash or an equivalent number of our common shares, at our option. On May 5, 2006, we issued 12,216 common shares to redeem 12,216 operating partnership units. These shares were issued in reliance on an exemption from the registration requirements of the Securities Act of 1933.

This excerpt taken from the FRT 10-Q filed May 5, 2005.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

 

In September 2004, we issued 190,000 common shares to one of our affiliated limited partnerships, and in February 2005 the shares were sold to a third party. In both cases, the shares were transferred in reliance on an exemption from the registration requirements of the Securities Act of 1933.

 

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