4//SEC Filing
Otto-Bernstein Katharina 4
Accession 0001104659-22-053898
CIK 0001605607other
Filed
Apr 28, 8:00 PM ET
Accepted
Apr 29, 6:21 PM ET
Size
8.1 KB
Accession
0001104659-22-053898
Insider Transaction Report
Form 4
Otto-Bernstein Katharina
Director10% Owner
Transactions
- Other
Partnership Units
2022-04-29$9.78/sh+19,049$186,299→ 19,049 total(indirect: By ParkProperty Capital, LP)→ Common Stock (19,049 underlying)
Holdings
- 56,948
Partnership Units
→ Common Stock (56,948 underlying)
Footnotes (3)
- [F1]Represents common units of limited partnership interest ("OP Units") in Paramount Group Operating Partnership LP (the "Operating Partnership"). Each OP Unit is redeemable for cash equal to the fair market value of one share of common stock of Paramount Group, Inc. (the "Issuer"), except that the Issuer may, at its election, acquire each OP Unit so presented for one share of common stock of the Issuer. These redemption rights have no expiration date.
- [F2]On April 29, 2022, ParkProperty Capital, LP (formerly CNBB-RDF Holdings, LP), a limited partnership in which the reporting person has direct and indirect ownership interests ("PPC"), acquired 56,679 OP Units in the Operating Partnership in private transactions from certain individuals, which transactions valued such units at $9.78 per unit, in satisfaction of amounts due under promissory notes previously entered into by such individuals in favor of PPC.
- [F3]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 48,175 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
- Apr 28, 8:00 PM ET
- Accepted
- Apr 29, 6:21 PM ET
- Size
- 8.1 KB