SEC Form 4/A · accession 0001181431-15-000843
Douglas Emmett Inc · DEI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Kevin Andrew Crummy
Officer — Chief Investment Officer
Period of report
Dec 22, 2014
Accepted (ET)
Jan 9, 2015 · 9:48 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001364250
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Long Term Incentive Plan UnitsF1,F2,F3,F4 | $0.00 | Dec 22, 2014 | A | 50,854 | A | Dec 31, 2014 | — | Common Stock | 50,854 | 50,854 | D |
| Long Term Incentive Plan UnitsF1,F2,F5,F4 | $0.00 | Dec 22, 2014 | A | 139,325 | A | Dec 31, 2015 | — | Common Stock | 139,325 | 139,325 | D |
Explanation of responses
- F1Long Term Incentive Plan Units ("LTIP Units") granted pursuant to Issuer's 2006 Omnibus Stock Incentive Plan, as amended.
- F2Long Term Incentive Plan units ("LTIP Units") in Douglas Emmett Properties, LP, a DE limited partnership (the "Operating Partnership"). Issuer is the sole stockholder of the general partner of the Operating Partnership. LTIP Units have full parity with partnership common units (the "OP Units") for all purposes and subject to vesting, may be converted into an equal number of OP Units on a one-for-one basis. Upon the occurrence of certain events, LTIP Units and OP Units are redeemable, without consideration, for an equivalent number of shares of Issuer's common stock or for the cash value of such shares, at Issuer's election.
- F3LTIP Units vest 50% on December 31, 2014. The balance of 25,427 LTIP Units vest one-third on each December 31 of 2015, 2016 and 2017.
- F4Not applicable.
- F5LTIP Units will vest 25% on each December 31 of 2015, 2016, 2017, and 2018.