4//SEC Filing
Douglas Emmett Inc 4
Accession 0001209191-16-155037
$DEICIK 0001364250operating
Filed
Dec 12, 7:00 PM ET
Accepted
Dec 13, 9:11 PM ET
Size
9.3 KB
Accession
0001209191-16-155037
Insider Transaction Report
Form 4
CRUMMY KEVIN ANDREW
Chief Investment Officer
Transactions
- Award
Long Term Incentive Plan Units
2016-12-09+26,042→ 26,042 totalExercise: $0.00From: 2016-12-31Exp: 2026-12-09→ Common Stock (26,042 underlying) - Award
Long Term Incentive Plan Units
2016-12-09+29,167→ 29,167 totalExercise: $0.00From: 2016-12-31Exp: 2026-12-09→ Common Stock (29,167 underlying)
Footnotes (7)
- [F1]Long Term Incentive Plan units ("LTIP Units") in Douglas Emmett Properties, LP, a DE limited partnership (the "Operating Partnership") granted pursuant to the 2016 Omnibus Stock Incentive Plan of Douglas Emmett, Inc. ("Issuer"). Issuer is the sole stockholder of the general partner of the Operating Partnership. Upon vesting, each LTIP Unit can be converted into one partnership common unit ("OP Unit") of the Operating Partnership, which is ultimately exchangeable into common stock of Issuer, only, if applicable, after a specified percentage increase in Gross Asset Values of the assets of the Operating Partnership. LTIP Units not converted into OP Units within 10 years of the grant date will be forfeited. Upon the occurrence of certain events, 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 20% on December 31 of 2016, 2017, 2018, 2019 and 2020. See also footnote 1.
- [F4]In addition to LTIP Units reported herein, Reporting Person owns 149,175 LTIP Units granted pursuant to Issuer's 2006 Omnibus Stock Incentive Plan, as amended, and an aggregate of 78,288 OP Units.
- [F5]See footnote 1.
- [F6]These LTIP Units vest one-quarter on December 31 of 2016, 2017, 2018, and 2019. See also footnote 1.
- [F7]See footnote 4.
Documents
Issuer
Douglas Emmett Inc
CIK 0001364250
Entity typeoperating
IncorporatedMD
Related Parties
1- filerCIK 0001364250
Filing Metadata
- Form type
- 4
- Filed
- Dec 12, 7:00 PM ET
- Accepted
- Dec 13, 9:11 PM ET
- Size
- 9.3 KB