ANDERSON CHRISTOPHER H 4
4 · Douglas Emmett Inc · Filed Jan 2, 2018
Insider Transaction Report
Form 4
ANDERSON CHRISTOPHER H
Director
Transactions
- Gift
Common Stock
2017-12-12−13,375→ 2,281,319 total - Award
Long Term Incentive Plan Units
2017-12-28+4,381→ 4,381 totalExercise: $0.00From: 2018-03-31Exp: 2027-12-28→ Common Stock (4,381 underlying)
Footnotes (4)
- [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]LTIP Units granted as part of Reporting Person's compensation for service as a director of Issuer.
- [F3]These LTIP Units vest one-quarter in equal installments on each of March 31, 2018, June 30, 2018, September 30, 2018, and December 31, 2018.
- [F4]In addition to LTIP Units reported herein, Reporting Person owns 3,516 LIP Units granted pursuant to Issuer's 2016 Omnibus Stock Incentive Plan.