4//SEC Filing
Emmett Dan A 4
Accession 0001209191-19-062344
CIK 0001364250other
Filed
Dec 30, 7:00 PM ET
Accepted
Dec 31, 7:32 PM ET
Size
9.1 KB
Accession
0001209191-19-062344
Insider Transaction Report
Form 4
Emmett Dan A
DirectorChairman of the Board10% Owner
Transactions
- Award
Long Term Incentive Plan Units
2019-12-27+2,854→ 2,854 totalExercise: $0.00From: 2019-12-31Exp: 2029-12-27→ Common Stock (2,854 underlying) - Gift
Common Stock
2019-12-04−46,137→ 1,147,424 total
Footnotes (4)
- [F1]Common stock beneficially owned includes (i) an aggregate of 1,081,424 shares of common stock ("Shares") of Issuer held by the Dan A. Emmett Revocable 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.
- [F2]Long term incentive plan units ("LTIP Units") of 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 and certain additional criteria, 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 achievement of 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 without consideration by the holder for an equivalent number of shares of Issuer's common stock or for the cash value of such shares, at Issuer's election.
- [F3]LTIP Units vest 25% on December 31, 2019. The balance of the LTIP Units vests in equal installments on December 31, 2020, 2021 and 2022.
- [F4]In addition to LTIP Units reported herein, Reporting Person's derivative securities include (i) 3,460,780 OP Units of which 770,126 OP Units are held by certain trusts f/b/o the Reporting Person's spouse and children (collectively, the "Family Trusts") of which Reporting Person is a trustee, and (ii) 4,855 LTIP Units granted 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
- Dec 30, 7:00 PM ET
- Accepted
- Dec 31, 7:32 PM ET
- Size
- 9.1 KB