4//SEC Filing
Tidwell Kay Lee 4
Accession 0001482512-22-000076
CIK 0001482512other
Filed
Mar 9, 7:00 PM ET
Accepted
Mar 10, 4:08 PM ET
Size
7.1 KB
Accession
0001482512-22-000076
Insider Transaction Report
Form 4
Tidwell Kay Lee
Executive VP, Legal Affairs
Transactions
- Award
LTIP Units
2022-03-08+176→ 122,088 total→ Common Stock, par value $.01 (176 underlying)
Footnotes (4)
- [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 granted 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. 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 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.
- [F3]Represents LTIP Units issued in lieu of the reporting person's 2021 cash bonus pursuant to an election made by the reporting person. The LTIP Units were fully-vested upon their issuance on March 8, 2022.
- [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.
Documents
Issuer
Hudson Pacific Properties, Inc.
CIK 0001482512
Entity typeother
Related Parties
1- filerCIK 0001506043
Filing Metadata
- Form type
- 4
- Filed
- Mar 9, 7:00 PM ET
- Accepted
- Mar 10, 4:08 PM ET
- Size
- 7.1 KB