Douglas Emmett Inc 4
4 · Douglas Emmett Inc · Filed Dec 23, 2015
Insider Transaction Report
Form 4
CRUMMY KEVIN ANDREW
Chief Investment Officer
Transactions
- Award
Long Term Incentive Plan Units
2015-12-21+37,284→ 37,284 totalExercise: $0.00→ Common Stock (37,284 underlying)
Footnotes (5)
- [F1]Long Term Incentive Plan units ("LTIP Units") in Douglas Emmett Properties, LP, a DE limited partnership (the "Operating Partnership"), granted pursuant to the 2006 Omnibus Stock Incentive Plan of Douglas Emmett, Inc. ("Issuer"). Issuer is the sole stockholder of the general partner of the Operating Partnership. LTIP Units have full parity with partnership common units ("OP Units") of the Operating Partnership 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 by the holder, 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.
- [F2]See footnote 1.
- [F3]These LTIP Units vest one-quarter on each December 31 of 2015, 2016, 2017 and 2018.
- [F4]Not applicable.
- [F5]In addition to LTIP Units reported herein, Reporting Person owns 164,403 LTIP Units and 25,776 OP Units.