4//SEC Filing
MCFERRAN VIRGINIA 4
Accession 0001209191-21-000600
CIK 0001364250other
Filed
Jan 3, 7:00 PM ET
Accepted
Jan 4, 9:21 PM ET
Size
6.8 KB
Accession
0001209191-21-000600
Insider Transaction Report
Form 4
MCFERRAN VIRGINIA
Director
Transactions
- Award
Long Term Incentive Plan Units
2020-12-30+8,140→ 8,140 totalExercise: $0.00From: 2021-03-31Exp: 2030-12-30→ Common Stock (8,140 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 OP Unit of the Operating Partnership, which is ultimately exchangeable into common stock of Issuer, and, if applicable, only 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 into which vested LTIP Units have been converted 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 annual compensation for service as a director of Issuer.
- [F3]These LTIP Units vest one-quarter in equal installments on March 31, 2021, June 30, 2021, September 30, 2021, and December 31, 2021.
- [F4]In addition to LTIP Units reported herein, Reporting Person owns 6,959 fully vested LTIP Units previously granted pursuant to Issuer's 2016 Omnibus Stock Incentive Plan, and 22,630 OP Units.
Documents
Issuer
Douglas Emmett Inc
CIK 0001364250
Entity typeother
Related Parties
1- filerCIK 0001643809
Filing Metadata
- Form type
- 4
- Filed
- Jan 3, 7:00 PM ET
- Accepted
- Jan 4, 9:21 PM ET
- Size
- 6.8 KB