4//SEC Filing
Otto-Bernstein Katharina 4
Accession 0001567619-22-014811
CIK 0001605607other
Filed
Aug 1, 8:00 PM ET
Accepted
Aug 2, 5:08 PM ET
Size
11.4 KB
Accession
0001567619-22-014811
Insider Transaction Report
Form 4
Otto-Bernstein Katharina
Director10% Owner
Transactions
- Other
Partnership Units
2022-07-31$7.85/sh+145,753$1,144,161→ 224,933 total→ Common Stock (224,933 underlying) - Other
Partnership Units
2022-07-31$7.85/sh+29,937$235,005→ 48,986 total(indirect: By ParkProperty Capital, LP)→ Common Stock (29,937 underlying) - Other
Partnership Units
2022-07-31$7.85/sh−48,986$384,540→ 0 total(indirect: By ParkProperty Capital, LP)→ Common Stock (48,986 underlying)
Footnotes (4)
- [F1]Represents common units of limited partnership interest ("OP Units") in Paramount Group Operating Partnership LP (the "Operating Partnership"). Each OP Unit is redeemable for cash equal to the fair market value of one share of common stock of Paramount Group, Inc. (the "Issuer"), except that the Issuer may, at its election, acquire each OP Unit so presented for one share of common stock of the Issuer. These redemption rights have no expiration date.
- [F2]On July 31, 2022, ParkProperty Capital, LP (formerly CNBB-RDF Holdings, LP), a limited partnership in which the reporting person has direct and indirect ownership interests ("PPC"), acquired 89,074 OP Units in the Operating Partnership in private transactions from certain individuals, which transactions valued such units at $7.85 per unit, in satisfaction of amounts due under promissory notes previously entered into by such individuals in favor of PPC.
- [F3]On July 31, 2022, following the transactions described in footnote (2), the reporting person acquired 145,753 OP Units from PPC in a private transaction.
- [F4]Includes 39,482 OP Units previously acquired by the reporting person upon the automatic conversion of LTIP Units in the Operating Partnership that had been previously granted to the reporting person by the Operating Partnership. Excludes 39,800 LTIP Units in the Operating Partnership currently owned by the reporting person.
Documents
Issuer
Paramount Group, Inc.
CIK 0001605607
Entity typeother
Related Parties
1- filerCIK 0001463104
Filing Metadata
- Form type
- 4
- Filed
- Aug 1, 8:00 PM ET
- Accepted
- Aug 2, 5:08 PM ET
- Size
- 11.4 KB