Bussmann Martin 4

4 · Paramount Group, Inc. · Filed Dec 23, 2022

Form 4

Period: 2022-12-22

Director

Transactions

Exercise/Conversion
LTIP Units
2022-12-22−3,609→ 4,025 total
Exercise: $5.85→ Common Stock (3,609 underlying)
Exercise/Conversion
Common Stock
2022-12-22$5.85/sh+6,317$36,954→ 6,317 total
Exercise/Conversion
LTIP Units
2022-12-22−6,317→ 0 total
Exercise: $5.85→ Common Stock (6,317 underlying)
Exercise/Conversion
Common Stock
2022-12-22$5.85/sh+7,074$41,383→ 13,391 total
Exercise/Conversion
Common Stock
2022-12-22$5.85/sh+3,609$21,113→ 17,000 total
Sale
Common Stock
2022-12-23$5.81/sh−17,000$98,702→ 0 total
Exercise/Conversion
LTIP Units
2022-12-22−7,074→ 0 total
Exercise: $5.85→ Common Stock (7,074 underlying)

Footnotes (2)

[F1]Common stock issued upon the redemption of an equal number of common units of limited partnership interest ("OP Unit") in Paramount Group Operating Partnership LP (the "Partnership"). Each OP Unit was acquired upon conversion of a vested LTIP Unit that was previously awarded pursuant to the Issuer's Amended and Restated 2014 Equity Incentive Plan. Such OP Units are generally not redeemable without the consent of the Issuer until two years from the date of the grant. The conversion feature of vested LTIP Units and the redemption rights for OP Units do not have expiration dates.
[F2]This transaction was executed in multiple trades at prices ranging from $5.800 to $5.830. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

Documents

1 file