GUTH THEODORE E 4
4 · Douglas Emmett Inc · Filed Dec 28, 2012
Insider Transaction Report
Form 4
GUTH THEODORE E
EVP, Secy
Transactions
- Award
Long Term Incentive Plan Units
2012-12-21+34,543→ 34,543 total→ Common Stock (34,543 underlying)
Footnotes (5)
- [F1]Long Term Incentive Plan Units ("LTIP Units") granted pursuant to Issuer's 2006 Omnibus Stock Incentive Plan, as amended.
- [F2]LTIP Units in Douglas Emmett Properties, LP, a DE limited partnership (the "Operating Partnership"). Issuer is the sole stockholder of the general partner of the Operating Partnership. LTIP Units have full parity with partnership common units (the "OP Units") for all purposes and subject to vesting, may be converted into an equal number of OP Units on a one-for-one basis. Upon the occurrence of certain events, LTIP Units and OP Units are redeemable, without consideration, by the holder for an equivalent number of shares of Issuer's common stock or for the cash value of such shares, at Issuer's election.
- [F3]LTIP Units vested one-quarter on December 21, 2012, and will vest one-quarter in equal installments on December 31 of 2013, 2014 and 2015.
- [F4]Not applicable.
- [F5]Reporting Person also owns (i) 20,264 partially vested LTIP Units granted January 13, 2012, and (ii) 60,799 LTIP Units granted January 18, 2011.