Berry Adam W 4
4 · ESSEX PROPERTY TRUST, INC. · Filed Mar 12, 2020
Insider Transaction Report
Form 4
Berry Adam W
Co-Chief Investment Officer
Transactions
- Conversion
Operating Partnership Units
2020-03-10+4,000→ 9,000 total→ Common Stock (4,000 underlying) - Conversion
Series Z-1 Incentive Units
2020-03-10$1.00/sh−4,000$4,000→ 0 total→ Operating Partnership Units (4,000 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 December 2011, 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.