4//SEC Filing
Douglas Emmett Inc 4
Accession 0001209191-16-155052
$DEICIK 0001364250operating
Filed
Dec 12, 7:00 PM ET
Accepted
Dec 13, 9:26 PM ET
Size
6.8 KB
Accession
0001209191-16-155052
Insider Transaction Report
Form 4
Panzer Kenneth M
DirectorChief Operating Officer
Transactions
- Award
Long Term Incentive Plan Units
2016-12-09+255,819→ 255,819 totalExercise: $0.00From: 2016-12-31Exp: 2026-12-09→ Common Stock (255,819 underlying)
Footnotes (3)
- [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]These LTIP Units vest 50% on December 31, 2016, with the remaining 50% vesting one-third on each December 31 of 2017, 2018 and 2019.
- [F3]In addition to the LTIP Units reporting herein, Reporting Person owns 264,729 LTIP Units and employee stock options to purchase 1,884,559 of Issuer's common stock, granted pursuant to Issuer's 2006 Omnibus Stock Incentive Plan, as amended, and an aggregate of 6,633,418 OP Units.
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, 9:26 PM ET
- Size
- 6.8 KB