4//SEC Filing
Bussmann Martin 4
Accession 0000899243-18-013589
CIK 0001605607other
Filed
May 20, 8:00 PM ET
Accepted
May 21, 5:09 PM ET
Size
10.1 KB
Accession
0000899243-18-013589
Insider Transaction Report
Form 4
Bussmann Martin
Director
Transactions
- Award
LTIP Units
2018-05-17+7,634→ 7,634 total→ Common Stock (7,634 underlying)
Footnotes (2)
- [F1]LTIP Units issued pursuant to the Issuer's 2014 Equity Incentive Plan. The LTIP Units vest on the earlier of (i) one year from the date of grant and (ii) the date of the first annual meeting of stockholders following the grant date, subject to continued services as a director through such date.
- [F2]Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes, each vested LTIP Unit will be converted automatically into a common unit of limited partnership interest ("OP Unit") in Paramount Group Operating Partnership LP. Each OP Unit acquired upon conversion of a vested LTIP Unit may be presented for redemption, at the election of the holder, for cash equal to the then fair market value of one share of the Issuer's common stock, except that the Issuer may, at its election, acquire each OP Unit so presented for one share of common stock. LTIP Units will generally not be convertible until two years from the date of the grant. The right to redeem OP Units do not have an expiration date.
Issuer
Paramount Group, Inc.
CIK 0001605607
Entity typeother
Related Parties
1- filerCIK 0001670480
Filing Metadata
- Form type
- 4
- Filed
- May 20, 8:00 PM ET
- Accepted
- May 21, 5:09 PM ET
- Size
- 10.1 KB