4//SEC Filing
SEYMOUR PETER 4
Accession 0000895345-22-000881
CIK 0001364250other
Filed
Dec 28, 7:00 PM ET
Accepted
Dec 29, 6:36 PM ET
Size
6.3 KB
Accession
0000895345-22-000881
Insider Transaction Report
Form 4
Transactions
- Award
Long Term Incentive Plan Units
2022-12-27+125,079→ 125,079 totalExercise: $0.00From: 2022-12-31Exp: 2032-12-31→ Common Stock (125,079 underlying)
Footnotes (3)
- [F1]Long term incentive plan units ("LTIP Units") in Douglas Emmett Properties, LP, a DE limited partnership (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, an additional 75,521 LTIP Units previously granted pursuant to Issuer's 2016 Omnibus Stock Incentive Plan, and 101,099 OP Units.
Documents
Issuer
Douglas Emmett Inc
CIK 0001364250
Entity typeother
Related Parties
1- filerCIK 0001769943
Filing Metadata
- Form type
- 4
- Filed
- Dec 28, 7:00 PM ET
- Accepted
- Dec 29, 6:36 PM ET
- Size
- 6.3 KB