Kamer William 4
4 · Douglas Emmett Inc · Filed Jan 21, 2010
Insider Transaction Report
Form 4
Kamer William
Chief Financial Officer, Secy
Transactions
- Award
Employee Stock Option (right to buy)
2010-01-19$15.05/sh+115,668$1,740,803→ 115,668 totalExercise: $15.05From: 2010-01-19Exp: 2019-12-31→ Common Stock (115,668 underlying) - Award
Long Term Incentive Plan Units
2010-01-19+24,364→ 24,364 total→ Common Stock (24,364 underlying)
Footnotes (8)
- [F1]Grant of non-qualified stock option pursuant to 2006 Omnibus Stock Incentive Plan.
- [F2]Options vest one-half on January 19, 2010 with the remainder vesting one-third on December 31, 2010, December 31, 2011 and December 31, 2012.
- [F3]Reporting Person also owns (i) 386,667 partially vested Employee Stock Options granted October 30, 2006; (ii) 152,117 partially vested Employee Stock Options granted January 25, 2008; and (iii) 298,914 partially vested Employee Stock Options granted January 12, 2009.
- [F4]Represents long-term incentive plan units ("LTIP Units") in Douglas Emmett Properties, LP, a DE limited partnership (the "Operating Partnership"). The Issuer is the sole stockholder of the general partner of the Operating Partnership. LTIP Units have full parity with the common limited partnership units (the "Common Units") for all purposes and may be converted into an equal number of Common Units on a one-for-one basis at any time. Upon notice of redemption, Common Units are redeemable for cash based on the fair market value of an equivalent number of shares of the Issuer's common stock, or, at the election of the Issuer, for an equal number of shares the Issuer's common stock.
- [F5]LTIP Units are convertible into common stock of the Issuer on a one-for-one basis beginning two years after issuance.
- [F6]LTIP Units vest one-half on January 19, 2010 with the remainder vesting one-third on December 31, 2010, December 31, 2011 and December 31, 2012.
- [F7]Not applicable.
- [F8]Reporting Person also owns (i) 50,750 fully vested LTIP Units granted October 30, 2006; (ii) 6,573 partially vested LTIP Units granted January 25, 2008; and (iii) 24,081 partially vested LTIP Units granted January 12, 2009.