ZIMMERMAN CRAIG K 4
4 · ESSEX PROPERTY TRUST INC · Filed Dec 15, 2017
Insider Transaction Report
Form 4
ZIMMERMAN CRAIG K
Executive V.P., Acquisitions
Transactions
- Award
Stock Option (Right to Purchase)
2017-12-07+17,249→ 17,249 totalExercise: $240.61From: 2018-12-07Exp: 2027-12-07→ Common Stock (17,249 underlying) - Award
Common Stock
2017-12-07+803→ 11,086 total - Award
Common Stock
2017-12-07+419→ 11,505 total
Footnotes (3)
- [F1]Represents restricted stock units that are fully vested as of the grant date and are subject to restrictions on transfer for the three-year period following the date of grant. In accordance with applicable Form 4 reporting requirements, the foregoing excludes 1,874 restricted stock units also granted on December 7, 2017, that may be earned subject to achievement of certain performance criteria based on the Issuer's relative total return to shareholders measured against an industry specific index through December 7, 2020.
- [F2]Represents restricted stock units that vest 100% on the third anniversary of December 7, 2017, subject to continued employment through such date. In accordance with the applicable Form 4 reporting requirements, the foregoing excludes 977 restricted stock units also granted on December 7, 2017 that are scheduled to vest 100% on the third anniversary of December 7, 2017, subject to continued employment through such date and the achievement of certain performance criteria based on the Issuer's relative total return to shareholders measured against an industry-specific index through December 7, 2020.
- [F3]1/3 of these options vest on each anniversary starting on December 7, 2018 and ending on December 7, 2020. Stock options are subject to a $100 cap upon exercise.