4//SEC Filing
Otto-Bernstein Katharina 4
Accession 0001104659-19-069158
CIK 0001605607other
Filed
Dec 1, 7:00 PM ET
Accepted
Dec 2, 9:00 PM ET
Size
16.6 KB
Accession
0001104659-19-069158
Insider Transaction Report
Form 4
Otto-Bernstein Katharina
Director10% Owner
Transactions
- Other
Partnership Units
2019-11-27$13.49/sh+13,342$179,984→ 13,342 total(indirect: By CNBB-RDF Holdings, LP)→ Common Stock (13,342 underlying) - Sale
Partnership Units
2019-11-27$13.49/sh−13,342$179,984→ 0 total(indirect: By CNBB-RDF Holdings, LP)→ Common Stock (13,342 underlying) - Purchase
Partnership Units
2019-11-27$13.49/sh+39,698$535,526→ 56,948 total→ Common Stock (39,698 underlying) - Purchase
Common Stock, par value $0.01 per share
2019-11-27$13.49/sh+33,363$450,067→ 12,164,852 total - Sale
Common Stock, par value $0.01 per share
2019-11-27$13.49/sh−11,213$151,263→ 0 total(indirect: By CNBB-RDF Holdings, LP) - Other
Common Stock, par value $0.01 per share
2019-11-27$13.49/sh+11,213$151,263→ 11,213 total(indirect: By CNBB-RDF Holdings, LP)
Footnotes (4)
- [F1]On November 27, 2019, CNBB-RDF Holdings, LP, a limited partnership in which the reporting person has direct and indirect ownership interests ("CNBB"), acquired 33,363 shares of common stock of Paramount Group, Inc. (the "Issuer") in private transactions from certain individuals, which transactions valued such shares at $13.49 per share, in satisfaction of amounts due under promissory notes previously entered into by such individuals in favor of CNBB. Following such transactions, on November 27, 2019, the reporting person acquired the 33,363 shares of common stock of the Issuer from CNBB in a private transaction.
- [F2]Represents common units of limited partnership interest ("OP Units") in Paramount Group Operating Partnership LP (the "Operating Partnership"). Each OP Unit is currently redeemable 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. These redemption rights have no expiration date.
- [F3]On November 27, 2019, CNBB acquired 39,698 OP Units in private transactions from certain individuals, which transactions valued such units at $13.49 per unit, in satisfaction of amounts due under promissory notes previously entered into by such individuals in favor or CNBB. Following such transactions, on November 27, 2019, the reporting person acquired the 39,698 OP Units from CNBB in a private transaction.
- [F4]Includes 17,250 OP Units previously acquired by the reporting person upon the automatic conversion of LTIP Units in the Operating Partnership that had been previously granted to the reporting person by the Operating Partnership. Excludes 22,232 LTIP Units in the Operating Partnership currently owned by the reporting person.
Documents
Issuer
Paramount Group, Inc.
CIK 0001605607
Entity typeother
Related Parties
1- filerCIK 0001463104
Filing Metadata
- Form type
- 4
- Filed
- Dec 1, 7:00 PM ET
- Accepted
- Dec 2, 9:00 PM ET
- Size
- 16.6 KB