ZIMMERMAN CRAIG K 4
4 · ESSEX PROPERTY TRUST INC · Filed Mar 14, 2018
Insider Transaction Report
Form 4
ZIMMERMAN CRAIG K
Executive V.P., Acquisitions
Transactions
- Conversion
Operating Partnership Units
2018-03-13+11,000→ 48,701 total→ Common Stock (11,000 underlying) - Conversion
Series Z-1 Incentive Units
2018-03-13$1.00/sh−11,000$11,000→ 0 total→ Operating Partnership Units (11,000 underlying)
Footnotes (2)
- [F1]These Series Z-1 incentive units converted into Essex Portfolio, L.P. ("EPLP") operating partnership units upon the Series Z-1 units, which were granted in May 2010, reaching a 100% conversion ratchet percentage. EPLP operating partnership units are exchangeable by the reporting person at any time following the conversion for an equal number of shares of the issuer's common stock. EPLP operating partnership units have no expiration date.
- [F2]The Series Z-1 incentive units were purchased by the reporting person for $1 per each incentive unit and had no expiration date.