4//SEC Filing
Otto Maren 4
Accession 0001567619-22-014813
CIK 0001605607other
Filed
Aug 1, 8:00 PM ET
Accepted
Aug 2, 5:12 PM ET
Size
8.8 KB
Accession
0001567619-22-014813
Insider Transaction Report
Form 4
Otto Maren
10% Owner
Transactions
- Other
Partnership Units
2022-07-31$7.85/sh+15,120$118,692→ 24,741 total(indirect: By ParkProperty Capital, LP)→ Common Stock (15,120 underlying) - Other
Partnership Units
2022-07-31$7.85/sh−24,741$194,217→ 0 total(indirect: By ParkProperty Capital, LP)→ Common Stock (24,741 underlying)
Footnotes (3)
- [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), PPC sold 145,753 OP Units in a private transaction.
Documents
Issuer
Paramount Group, Inc.
CIK 0001605607
Entity typeother
Related Parties
1- filerCIK 0001626099
Filing Metadata
- Form type
- 4
- Filed
- Aug 1, 8:00 PM ET
- Accepted
- Aug 2, 5:12 PM ET
- Size
- 8.8 KB