4//SEC Filing
Douglas Emmett Inc 4
Accession 0001209191-15-048525
$DEICIK 0001364250operating
Filed
May 31, 8:00 PM ET
Accepted
Jun 1, 8:06 PM ET
Size
12.6 KB
Accession
0001209191-15-048525
Insider Transaction Report
Form 4
MCFERRAN VIRGINIA
Director
Transactions
- Award
Long Term Incentive Plan Units
2015-05-28+1,718→ 1,718 totalExercise: $0.00From: 2015-06-30→ Common Stock (1,718 underlying) - Award
Long Term Incentive Plan Units
2015-05-28+1,415→ 1,415 totalExercise: $0.00From: 2015-12-31→ Common Stock (1,415 underlying)
Footnotes (7)
- [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, 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 granted as part of Reporting Person's annual compensation for service as a director of Issuer. Number of LTIP Units is pro-rated for 2015 from May 28, 2015 (date of Reporting Person's election as a director of Issuer) through December 31, 2015.
- [F4]Pro-rated LTIP Units vest in installments on June 30, 2015, September 30, 2015 and December 31, 2015. On June 30, 2015, 278 LTIP Units vest; the balance vest in equal installments on September 30 and December 31, 2015. See also footnotes 2 and 3.
- [F5]Not applicable.
- [F6]Every three years, directors may receive a grant of LTIP Units in addition to annual grants as part of their compensation for service as directors. Reporting Person received such grant of LTIP Units upon election as a director of Issuer on May 28, 2015, which is pro-rated for the three-year period ending December 31, 2015.
- [F7]LTIP Units will be fully vested on December 31, 2015. See also footnotes 2 and 6.
Issuer
Douglas Emmett Inc
CIK 0001364250
Entity typeoperating
IncorporatedMD
Related Parties
1- filerCIK 0001364250
Filing Metadata
- Form type
- 4
- Filed
- May 31, 8:00 PM ET
- Accepted
- Jun 1, 8:06 PM ET
- Size
- 12.6 KB