4//SEC Filing
Vouvalides Alex 4
Accession 0001482512-19-000050
CIK 0001482512other
Filed
Mar 12, 8:00 PM ET
Accepted
Mar 13, 9:52 PM ET
Size
6.9 KB
Accession
0001482512-19-000050
Insider Transaction Report
Form 4
Vouvalides Alex
Chief Investment Officer
Transactions
- Award
LTIP Units
2019-03-11+48,289→ 87,008 total→ Common Stock, par value $0.01 (48,289 underlying)
Footnotes (2)
- [F1]LTIP Performance Units are a class of limited partnership units in Hudson Pacific Properties, L.P. (the "Operating Partnership") of the Company. Initially, LTIP Performance Units do not have full parity with common limited partnership units of the Operating Partnership ("Common Units") with respect to liquidating distributions. If such parity is reached, vested LTIP Performance Units may be converted into an equal number of Common Units at any time thereafter, and, upon conversion, enjoy all the rights of Common Units. Common Units are redeemable for cash based on the fair market value of an equivalent number of shares of Common Stock, or, at the election of the Company, an equal number of shares of Common Stock, each subject to adjustment in the event of stock splits, specified extraordinary distributions or similar events.
- [F2](Continued from Footnote 1) The LTIP Performance Units issued are pursuant to the Hudson Pacific Properties, Inc. and Hudson Pacific Properties, L.P. 2010 Incentive Award Plan and includes 24,144 unvested LTIP Performance Units, which will vest in equal annual installments on each of the first and second anniversaries of December 31, 2018, subject to the executive's continued service through the applicable vesting date. The LTIP Performance Units also are subject to a mandatory holding period under which the executives generally cannot sell vested LTIP Performance Units for an additional two years following the applicable vesting date.
Documents
Issuer
Hudson Pacific Properties, Inc.
CIK 0001482512
Entity typeother
Related Parties
1- filerCIK 0001599433
Filing Metadata
- Form type
- 4
- Filed
- Mar 12, 8:00 PM ET
- Accepted
- Mar 13, 9:52 PM ET
- Size
- 6.9 KB