Douglas Emmett Inc 4
4 · Douglas Emmett Inc · Filed Dec 18, 2013
Insider Transaction Report
Form 4
Bider Leslie E
Director
Transactions
- Award
Long Term Incentive Plan Units
2013-12-16+3,785→ 3,785 total→ Common Stock (3,785 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 will vest one-quarter in equal installments on each of March 31, 2014, June 30, 2014, September 30, 2014, and December 31, 2014.
- [F4]Not applicable.
- [F5]Reporting Person also owns (i) 2,753 LTIP Units granted December 21, 2012 for services as a director during 2013, and (ii) 9,068 LTIP Units granted December 21, 2012.