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Filing Details

Accession Number:: 0001209191-11-011363
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2011-02-18 20:45:42
Reporting Period:: 2008-12-04

Filing Date:: 2011-02-18
Accepted Time:: 2011-02-18 20:45:42
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
216039	Grubb & Ellis Co	GBE	Real Estate Agents & Managers (For Others) (6531)	941424307

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1421694	Jacob Berkel Van	C/O Grubb &Amp; Ellis Company 1551 N. Tustin Ave., Suite 300 Santa Ana CA 92705	Evp And Coo	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
Common Stock, Par Value $0.01	Disposition	2008-12-04	2,145	$1.19	1,220,455	No	4	F	Direct
Common Stock, Par Value $0.01	Disposition	2009-01-24	11,401	$0.93	1,209,054	No	4	F	Direct
Common Stock, Par Value $0.01	Disposition	2009-12-03	14,992	$1.48	1,194,062	No	4	F	Direct
Common Stock, Par Value $0.01	Disposition	2009-12-04	2,199	$1.46	1,191,863	No	4	F	Direct
Common Stock, Par Value $0.01	Disposition	2010-01-24	11,648	$1.41	1,180,215	No	4	F	Direct
Common Stock, Par Value $0.01	Disposition	2010-12-03	14,992	$1.18	1,165,223	No	4	F	Direct
Common Stock, Par Value $0.01	Disposition	2010-12-04	2,199	$1.16	1,163,024	No	4	F	Direct
Common Stock, Par Value $0.01	Disposition	2011-01-24	11,115	$1.21	1,151,909	No	4	F	Direct
Common Stock, Par Value $0.01	Disposition	2011-02-16	30,000	$1.20	1,121,909	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	F	Direct
No	4	F	Direct
No	4	F	Direct
No	4	F	Direct
No	4	F	Direct
No	4	F	Direct
No	4	F	Direct
No	4	F	Direct
No	4	S	Direct

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock, Par Value $0.01	Convertible Preferred Stock, par value $0.01	$0.00			0	250	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
	0	250	Direct

Footnotes

Represents the disposition of restricted shares of Grubb & Ellis Company's (the "Company") common stock withheld upon vesting to satisfy Mr. Van Berkel's tax withholding obligation. The restricted shares were previously awarded to Mr. Van Berkel pursuant to the Company's 2006 Omnibus Equity Plan (the "Plan").
On December 4, 2008, the date of the tax withholding of Mr. Van Berkel's vested restricted shares of the Company's common stock, the closing price for the Company's common stock was $1.19.
On January 25, 2009, the first business day immediately following January 23, 2009, the date of the tax withholding of Mr. Van Berkel's vested restricted shares of the Company's common stock, the closing price for the Company's common stock was $0.93.
On December 3, 2009, the date of the tax withholding of Mr. Van Berkel's vested restricted shares of the Company's common stock, the closing price for the Company's common stock was $1.48.
On December 4, 2009, the date of the tax withholding of Mr. Van Berkel's vested restricted shares of the Company's common stock, the closing price for the Company's common stock was $1.46.
On January 25, 2010, the first business day immediately following January 24, 2010, the date of the tax withholding of Mr. Van Berkel's vested restricted shares of the Company's common stock, the closing price for the Company's common stock was $1.41.
On December 3, 2010, the date of the tax withholding of Mr. Van Berkel's vested restricted shares of the Company's common stock, the closing price for the Company's common stock was $1.18.
On December 6, 2010, the first business day immediately following December 4, 2010, date of the tax withholding of Mr. Van Berkel's vested restricted shares of the Company's common stock, the closing price for the Company's common stock was $1.16.
On January 24, 2011, the date of the tax withholding of Mr. Van Berkel's vested restricted shares of the Company's common stock, the closing price for the Company's common stock was $1.21.
On December 5, 2008, the restrictions lapsed with respect to 5,867 restricted shares of the Company's common stock held by Mr. Van Berkel, who elected to have the Company withhold 2,145 of the shares otherwise deliverable to him in order to satisfy the resulting tax withholding obligation.
On January 24, 2009, the restrictions lapsed with respect to 26,667 restricted shares of the Company's common stock held by Mr. Van Berkel, who elected to have the Company withhold 11,401 of the shares otherwise deliverable to him in order to satisfy the resulting tax withholding obligation.
On December 3, 2009, the restrictions lapsed with respect to 40,000 restricted shares of the Company's common stock held by Mr. Van Berkel, who elected to have the Company withhold 14,992 of the shares otherwise deliverable to him in order to satisfy the resulting tax withholding obligation.
On December 4, 2009, the restrictions lapsed with respect to 5,866 restricted shares of the Company's common stock held by Mr. Van Berkel, who elected to have the Company withhold 2,199 of the shares otherwise deliverable to him in order to satisfy the resulting tax withholding obligation.
On January 24, 2010, the restrictions lapsed with respect to 26,666 restricted shares of the Company's common stock held by Mr. Van Berkel, who elected to have the Company withhold 11,648 of the shares otherwise deliverable to him in order to satisfy the resulting tax withholding obligation.
On December 3, 2010, the restrictions lapsed with respect to 40,000 restricted shares of the Company's common stock held by Mr. Van Berkel, who elected to have the Company withhold 14,992 of the shares otherwise deliverable to him in order to satisfy the resulting tax withholding obligation.
On December 4, 2010, the restrictions lapsed with respect to 5,867 restricted shares of the Company's common stock held by Mr. Van Berkel, who elected to have the Company withhold 2,199 of the shares otherwise deliverable to him in order to satisfy the resulting tax withholding obligation.
On January 24, 2011, the restrictions lapsed with respect to 26,667 restricted shares of the Company's common stock held by Mr. Van Berkel, who elected to have the Company withhold 11,115 of the shares otherwise deliverable to him in order to satisfy the resulting tax withholding obligation.
Beneficially owned shares include (i) 120,000 shares of the Company's common stock awarded to Mr. Van Berkel pursuant to the Plan which vest in equal thrity-three and one-third (33 1/3%) installments on the first business day after the first, second and third anniversaries of the grant date (December 3, 2008) and are subject to acceleration under certain conditions; and (ii) 1,000,000 restricted shares of the Company's common stock awarded pursuant to the Plan, (A) 500,000 of which are subject to vesting in equal annual increments of 1/3 each, commencing on the first anniversary of the grant date (March 10, 2010) and (B) 500,000 of which are subject to vesting based upon the market price of the Company's common stock during the 3 year period beginning March 10, 2010. All such 1,000,000 shares are subject to Mr. Berkel's continued employment by the Company and to the terms of a restricted share agreement.
The full title of the derivative security is 12% Cumulative Participating Perpetual Convertible Preferred Stock, par value $0.01 per share (the "Preferred Stock").
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.
The Preferred Stock is convertible, in whole or in part, into the Company's common stock at any time at Mr. Van Berkel's option and has no expiration date.