4//SEC Filing
Leonard Ray C 4
Accession 0000895345-22-000888
CIK 0001364250other
Filed
Dec 28, 7:00 PM ET
Accepted
Dec 29, 6:49 PM ET
Size
8.8 KB
Accession
0000895345-22-000888
Insider Transaction Report
Form 4
Leonard Ray C
Director
Transactions
- Award
Long Term Incentive Plan Units
2022-12-27+13,759→ 13,759 totalExercise: $0.00From: 2023-01-01Exp: 2032-12-31→ Common Stock (13,759 underlying) - Award
Long Term Incentive Plan Units
2022-12-27+10,319→ 10,319 totalExercise: $0.00From: 2022-12-31Exp: 2032-12-31→ Common Stock (10,319 underlying)
Footnotes (6)
- [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 granted as part of Reporting Person's annual compensation for service as a director of Issuer.
- [F3]LTIP Units vest in one-quarter equal installments on January 1, 2023, April 1, 2023, July 1, 2023, and October 1, 2023.
- [F4]Derivative securities owned by the Reporting Person include the two LTIP Unit grants reported herein pursuant to Issuer's 2016 Omnibus Stock Incentive Plan.
- [F5]LTIP Units granted as part of Reporting Person's compensation for his initial year of service as a director of Issuer.
- [F6]LTIP Units fully vest on December 31, 2022.
Documents
Issuer
Douglas Emmett Inc
CIK 0001364250
Entity typeother
Related Parties
1- filerCIK 0001922111
Filing Metadata
- Form type
- 4
- Filed
- Dec 28, 7:00 PM ET
- Accepted
- Dec 29, 6:49 PM ET
- Size
- 8.8 KB