4//SEC Filing
SEYMOUR PETER 4
Accession 0001209191-21-001820
CIK 0001364250other
Filed
Jan 5, 7:00 PM ET
Accepted
Jan 6, 11:58 AM ET
Size
6.7 KB
Accession
0001209191-21-001820
Insider Transaction Report
Form 4
Transactions
- Award
Long Term Incentive Plan Units
2020-12-30+36,370→ 36,370 totalExercise: $0.00From: 2020-12-31Exp: 2030-12-30→ Common Stock (36,370 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 70,595 LTIP Units previously granted pursuant to Issuer's 2016 Stock Incentive Plan, and 25,171 OP Units.
Documents
Issuer
Douglas Emmett Inc
CIK 0001364250
Entity typeother
Related Parties
1- filerCIK 0001769943
Filing Metadata
- Form type
- 4
- Filed
- Jan 5, 7:00 PM ET
- Accepted
- Jan 6, 11:58 AM ET
- Size
- 6.7 KB