4//SEC Filing
Emmett Dan A 4
Accession 0000895345-22-000877
CIK 0001364250other
Filed
Dec 28, 7:00 PM ET
Accepted
Dec 29, 6:31 PM ET
Size
6.9 KB
Accession
0000895345-22-000877
Insider Transaction Report
Form 4
Emmett Dan A
DirectorChairman of the Board10% Owner
Transactions
- Award
Long Term Incentive Plan Units
2022-12-27+7,818→ 7,818 totalExercise: $0.00From: 2022-12-31Exp: 2032-12-31→ Common Stock (7,818 underlying)
Footnotes (3)
- [F1]Long term incentive plan units ("LTIP Units") of Douglas Emmett Properties, LP (the "Operating Partnership") granted pursuant to the 2016 Omnibus Stock Incentive Plan of Douglas Emmett, Inc. ("Issuer"). Issuer is the sole stockholder of the general partner of the Operating Partnership. Upon vesting and certain additional criteria, each LTIP Unit can be converted into one partnership common unit ("OP Unit") of the Operating Partnership, which is ultimately exchangeable into common stock of Issuer, only, if applicable, after achievement of a specified percentage increase in Gross Asset Values of the assets of the Operating Partnership. LTIP Units not converted into OP Units within 10 years of the grant date will be forfeited. Upon the occurrence of certain events, OP Units are redeemable by the holder, without consideration, for an equivalent number of shares of Issuer's common stock or for the cash value of such shares, at Issuer's election.
- [F2]LTIP Units vest 25% on December 31, 2022. The remaining 75% of the LTIP Units vest in equal installments on December 31, 2023, 2024, and 2025.
- [F3]Derivative securities owned by the Reporting Person include the LTIP Units reported herein, and an additional (i) 3,468,727 OP Units, of which 770,126 OP Units are held by certain trusts f/b/o the Reporting Person's spouse and children (collectively, the "Family Trusts") of which Reporting Person is a trustee, and 31,517 OP Units are held by Rivermouth Partners, a CA LP ("Rivermouth"), of which Reporting Person is president of the manager of the general partner, and (ii) 7,799 LTIP Units previously granted pursuant to Issuer's 2016 Omnibus Stock Incentive Plan. Reporting Person disclaims beneficial ownership of OP Units held by the Family Trusts and Rivermouth, except to the extent of his pecuniary interest, if any, therein.
Documents
Issuer
Douglas Emmett Inc
CIK 0001364250
Entity typeother
Related Parties
1- filerCIK 0001378407
Filing Metadata
- Form type
- 4
- Filed
- Dec 28, 7:00 PM ET
- Accepted
- Dec 29, 6:31 PM ET
- Size
- 6.9 KB