Douglas Emmett Inc 4
4 · Douglas Emmett Inc · Filed Dec 24, 2014
Insider Transaction Report
Form 4
GUTH THEODORE E
EVP, Secy
Transactions
- Award
Long Term Incentive Plan Units
2014-12-22+37,618→ 37,618 totalExercise: $0.00From: 2014-12-31→ Common Stock (37,618 underlying) - Award
Long Term Incentive Plan Units
2014-12-22+69,663→ 69,663 totalExercise: $0.00From: 2015-12-31→ Common Stock (69,663 underlying)
Footnotes (6)
- [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 December 31 of 2014, 2015, 2016 and 2017.
- [F4]Not applicable.
- [F5]In addition to the LTIP Units reported herein, Reporting Person owns 69,317 LTIP Units.
- [F6]LTIP Units will vest 20% in equal installments on December 31 of 2015, 2016, 2017, 2018 and 2019.