SEC Form 4 · accession 0001209191-15-086918

Douglas Emmett Inc · DEI

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — PAO

Period of report

Dec 21, 2015

Accepted (ET)

Dec 23, 2015 · 9:20 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.

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Long Term Incentive Plan Units^F1,F2,F3,F4	$0.00	Dec 21, 2015	A	3,329	A	—	—	Common Stock	3,329	3,329	D
Long Term Incentive Plan Units^F2,F6,F5,F4	$0.00	Dec 21, 2015	A	33,289	A	—	—	Common Stock	33,289	33,289	D

F1Long Term Incentive Plan units ("LTIP Units") in Douglas Emmett Properties, LP, a DE limited partnership (the "Operating Partnership") granted pursuant to the 2006 Omnibus Stock Incentive Plan, as amended, of Douglas Emmett, Inc. ("Issuer"). Issuer is the sole stockholder of the general partner of the Operating Partnership. LTIP Units have full parity with partnership common units ("OP Units") of the Operating Partnership 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 by the holder, 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.
F2See footnote 1.
F3These LTIP Units vest one-quarter on each December 31 of 2015, 2016, 2017 and 2018.
F4Not applicable.
F5LTIP Units are convertible into OP Units upon vesting and at Issuer's election, may be redeemed for common stock of Issuer on a one-for-one basis. LTIP Units vest 20% on each December 31 of 2016, 2017, 2018, 2019 and 2020.
F6In addition to LTIP Units reported herein, Reporting Person owns 558 LTIP Units and 187 OP Units.