4//SEC Filing
Bussmann Martin 4
Accession 0000899243-23-013563
CIK 0001605607other
Filed
May 21, 8:00 PM ET
Accepted
May 22, 4:42 PM ET
Size
6.4 KB
Accession
0000899243-23-013563
Insider Transaction Report
Form 4
Bussmann Martin
Director
Transactions
- Award
LTIP Units
2023-05-18+27,650→ 27,650 total→ Common Stock (27,650 underlying)
Footnotes (2)
- [F1]LTIP Units issued pursuant to the Issuer's Amended and Restated 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 service 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. 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.
Documents
Issuer
Paramount Group, Inc.
CIK 0001605607
Entity typeother
Related Parties
1- filerCIK 0001670480
Filing Metadata
- Form type
- 4
- Filed
- May 21, 8:00 PM ET
- Accepted
- May 22, 4:42 PM ET
- Size
- 6.4 KB