4//SEC Filing
FRIED RICHARD B 4
Accession 0001482512-22-000033
CIK 0001482512other
Filed
Jan 2, 7:00 PM ET
Accepted
Jan 3, 8:22 PM ET
Size
7.4 KB
Accession
0001482512-22-000033
Insider Transaction Report
Form 4
FRIED RICHARD B
Director10% OwnerOther
Transactions
- Award
LTIP Units
2021-12-29+3,292→ 6,698 total→ Common Stock, par value $.01 (3,292 underlying)
Footnotes (5)
- [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") and are issued pursuant to the Hudson Pacific Properties, Inc. and Hudson Pacific Properties, L.P. 2010 Incentive Award Plan. 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.
- [F2]Due to a 1000 character limit, Footnote 2 is a continuation of Footnote 1: Common Units are redeemable for cash based on the fair market value of an equivalent number of shares of common stock of the Company ("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.
- [F3]Represents LTIP Units issued in lieu of the reporting person's 2021 annual cash retainer fees for service on the Company's board of directors. The LTIP Units were fully-vested upon their issuance on December 29, 2021.
- [F4]The rights to convert LTIP Units into Common Units and redeem Common Units for cash or shares of Common Stock do not have expiration dates.
- [F5]The reporting person is a managing member of each of Farallon Partners, L.L.C. ("FPLLC") and Farallon Capital Management, L.L.C. ("FCM"). FPLLC and FCM disclaim beneficial ownership of any of the Company's securities reported or referred to herein for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise.
Documents
Issuer
Hudson Pacific Properties, Inc.
CIK 0001482512
Entity typeother
Related Parties
1- filerCIK 0001245637
Filing Metadata
- Form type
- 4
- Filed
- Jan 2, 7:00 PM ET
- Accepted
- Jan 3, 8:22 PM ET
- Size
- 7.4 KB