4//SEC Filing
CRUMMY KEVIN ANDREW 4
Accession 0001209191-21-000593
CIK 0001364250other
Filed
Jan 3, 7:00 PM ET
Accepted
Jan 4, 9:18 PM ET
Size
6.7 KB
Accession
0001209191-21-000593
Insider Transaction Report
Form 4
CRUMMY KEVIN ANDREW
Chief Investment Officer
Transactions
- Award
Long Term Incentive Plan Units
2020-12-30+83,132→ 83,132 totalExercise: $0.00From: 2020-12-31Exp: 2030-12-30→ Common Stock (83,132 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 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 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 25% on December 31, 2020. The remaining 75% of LTIP Units vest in equal installments on December 31, 2021, 2022 and 2023.
- [F3]Derivative securities owned by the Reporting Person include the LTIP Units reported herein, an additional 128,715 LTIP Units previously granted pursuant to Issuer's 2016 Omnibus Stock Incentive Plan, and 303,884 OP Units.
Documents
Issuer
Douglas Emmett Inc
CIK 0001364250
Entity typeother
Related Parties
1- filerCIK 0001615005
Filing Metadata
- Form type
- 4
- Filed
- Jan 3, 7:00 PM ET
- Accepted
- Jan 4, 9:18 PM ET
- Size
- 6.7 KB