X0306 4 2016-02-01 0 0000903127 POST PROPERTIES INC PPS 0001271836 PAPA CHRISTOPHER J 4401 NORTHSIDE PARKWAY SUITE 800 ATLANTA GA 30327-3057 0 1 0 0 EVP & Chief Financial Officer Common Stock 2016-02-01 4 A 0 8374 0.00 A 33904 D Stock Options (right to buy) 57.80 2016-02-01 4 A 0 12830 0.00 A 2017-02-01 2026-02-01 Common Stock 12830 12830 D Restricted stock awarded under the company's Amended and Restated Post Properties, Inc. 2003 Incentive Stock Plan. Shares vests one-third each year over a three year period beginning 12/31/2016. The balance includes 17,098 restricted shares that have not vested. Option vests one-third each year over a three year period beginning 02/01/2017. As the option vests the Reporting Person may elect to treat the vested portion as a stock appreciation right and receive the value between the exercise price and the current market price in shares of common stock equal to the spread at the time of the exercise. /s/ Sherry Cohen, Power of Attorney 2016-02-02