SEC Form 4 · accession 0001209191-15-086926
Douglas Emmett Inc · DEI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jordan L Kaplan
Officer — Chief Exec Officer, President · Director
Period of report
Dec 18, 2015
Accepted (ET)
Dec 23, 2015 · 9:37 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Partnership Common UnitsF1,F2,F3 | $0.00 | Dec 18, 2015 | G | 21,767 | A | — | — | Common Stock | 21,767 | 6,952,527 | D |
| Long Term Incentive Plan UnitsF4,F7,F5,F6,F3 | $0.00 | Dec 21, 2015 | A | 332,890 | A | — | — | Common Stock | 332,890 | 332,890 | D |
Explanation of responses
- F1Partnership Common Units ("OP Units") of Douglas Emmett Properties, LP, a Delaware limited partnership (the "Operating Partnership"). Upon the occurrence of certain events, OP Units are redeemable and may be exchanged without consideration, by the holder, for an equivalent number of shares of Issuer's common stock, or for the cash value of such Shares at Issuer's election. Issuer is the sole stockholder of the general partner of the Operating Partnership.
- F2See footnote 1.
- F3Not applicable.
- F4Long Term Incentive Plan units ("LTIP Units") in the Operating Partnership, granted pursuant to the 2006 Omnibus Stock Incentive Plan of Douglas Emmett, Inc. ("Issuer"). LTIP Units have full parity with 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.
- F5See footnote 4.
- F6These LTIP Units vest 50% on December 31, 2015, with the remaining 50% vesting one-third on each December 31 of 2016, 2017 and 2018.
- F7In addition to the LTIP Units reported herein, Reporting Person owns 207,412 LTIP Units and employee stock options to purchase 5,431,550 shares of Issuer's common stock.