4//SEC Filing
Barton Christopher James 4
Accession 0001482512-19-000153
CIK 0001482512other
Filed
Dec 30, 7:00 PM ET
Accepted
Dec 31, 8:33 PM ET
Size
8.2 KB
Accession
0001482512-19-000153
Insider Transaction Report
Form 4
Barton Christopher James
EVP,Operations and Development
Transactions
- Award
LTIP Units
2019-12-29+16,073→ 16,073 total→ Common Stock, par value $.01 (16,073 underlying) - Tax Payment
Common Stock, par value $0.01
2019-12-29$37.33/sh−5,629$210,131→ 84,164 total
Footnotes (2)
- [F1]LTIP Units are a class of limited partnership units in Hudson Pacific Properties, L.P. (the "Operating Partnership"), the operating partnership of Hudson Pacific Properties, Inc. (the "Company"). Initially, LTIP 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 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 Units were issued pursuant to the Amended and Restated Hudson Pacific Properties, Inc. and Hudson Pacific Properties, L.P. 2010 Incentive Award Plan, and will vest with respect to one-third of the LTIP Units on each of the first, second and third anniversaries of December 29, 2019, subject to the executive's continued service through the applicable vesting date. The LTIP Units also are subject to a mandatory holding period under which the executives generally cannot sell vested LTIP Units for an additional three years following the applicable vesting date.
Documents
Issuer
Hudson Pacific Properties, Inc.
CIK 0001482512
Entity typeother
Related Parties
1- filerCIK 0001490818
Filing Metadata
- Form type
- 4
- Filed
- Dec 30, 7:00 PM ET
- Accepted
- Dec 31, 8:33 PM ET
- Size
- 8.2 KB