Kaplan Jordan L 4
4 · Douglas Emmett Inc · Filed Jan 2, 2018
Insider Transaction Report
Form 4
Kaplan Jordan L
DirectorChairman and CEO
Transactions
- Award
Long Term Incentive Plan Units
2017-12-28+267,706→ 267,706 totalExercise: $0.00From: 2017-12-31Exp: 2027-12-28→ Common Stock (267,706 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]LTIP Units vest 50% on December 31, 2017, with the remaining 50% vesting one-third on each December 31 of 2018, 2019 and 2020.
- [F3]In addition to the LTIP Units reported herein, Reporting Person holds 127,909 LTIP Units granted pursuant to Issuer's 2016 Omnibus Stock Incentive Plan, and 139,698 LTIP Units granted pursuant to Issuer's 2006 Omnibus Stock Incentive Plan, as amended.