4//SEC Filing
Emmett Dan A 4
Accession 0001209191-19-028493
CIK 0001364250other
Filed
May 8, 8:00 PM ET
Accepted
May 9, 4:29 PM ET
Size
12.0 KB
Accession
0001209191-19-028493
Insider Transaction Report
Form 4
Emmett Dan A
DirectorChairman of the Board10% Owner
Transactions
- Sale
Common Stock
2019-05-08$40.78/sh−40,000$1,631,268→ 1,249,870 total(indirect: See footnote 4.) - Other
Operating Partnership Units
2019-04-05−40,000→ 39,575 total(indirect: See footnote 8.)Exercise: $0.00→ Common Stock (40,000 underlying) - Other
Common Stock
2019-04-05+40,000→ 1,289,870 total(indirect: See footnote 2.)
Footnotes (8)
- [F1]Common stock ("Common Stock") of Issuer acquired by the Daniel W. Emmett Revocable Trust (the "DWE Trust") upon redemption and exchange of partnership common units ("OP Units") of Douglas Emmett Properties, LP, a Delaware limited partnership (the "Operating Partnership"). Upon the occurrence of certain events, OP Units are redeemable and may be exchanged without consideration, by the holder, for an equivalent number of shares ("Shares") of Common Stock or for the cash value of such Shares, at Issuer's option. Issuer is the sole stockholder of the general partner of the Operating Partnership.
- [F2]Common stock beneficially owned includes (i) an aggregate of 1,183,870 Shares held by the Dan A. Emmett Revocable Trust (the "Emmett Trust"), and (ii) 106,000 Shares held by certain trusts f/b/o Reporting Person's children of which Reporting Person is a trustee with sole voting and dispositive power but disclaims beneficial ownership therein.
- [F3]Represents the weighted average sales price. The Shares were sold at prices ranging from $40.68 to $40.92 per share. Full information regarding the number of Shares sold at each price shall be provided to the Securities and Exchange Commission staff, Issuer or any security holder, upon request.
- [F4]Common stock beneficially owned includes (i) an aggregate of 1,183,870 Shares held by the Emmett Trust, and (ii) 66,000 Shares held by certain trusts f/b/o Reporting Person's children of which Reporting Person is a trustee with sole voting and dispositive power but disclaims beneficial ownership therein.
- [F5]OP Units have an economic interest equivalent to one share of the Issuer's common stock. Upon the occurrence of certain events, OP Units are redeemable and may be exchanged, without consideration, by the holder for an equivalent number of Shares or for the cash value of such Shares, at Issuer's option.
- [F6]OP Units of the Operating Partnership tendered to Issuer by the DWE Trust for redemption and exchange in accordance with the terms of the Limited Partnership Agreement of the Operating Partnership.
- [F7]Not applicable.
- [F8]Reporting Person's derivative securities include (i) 3,422,104 OP Units of which 770,126 OP Units are held by certain trusts f/b/o Reporting Person's children and spouse (collectively, the "Family Trusts") of which Reporting Person is a trustee, (ii) 3,169 LTIP Units granted under Issuer's 2006 Omnibus Stock Incentive Plan, as amended, and (iii) 2,442 LTIP Units, 3,043 LTIP Units and 3,360 LTIP Units granted respectively in 2016, 2017 and 2018 pursuant to Issuer's 2016 Omnibus Stock Incentive Plan. Reporting Person disclaims beneficial ownership of OP Units held by the Family Trusts, except to the extent of his pecuniary interest, if any, therein.
Documents
Issuer
Douglas Emmett Inc
CIK 0001364250
Entity typeother
Related Parties
1- filerCIK 0001378407
Filing Metadata
- Form type
- 4
- Filed
- May 8, 8:00 PM ET
- Accepted
- May 9, 4:29 PM ET
- Size
- 12.0 KB