SEC Form 4 · accession 0001209191-16-101665
Douglas Emmett Inc · DEI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David T Feinberg
Director
Period of report
Feb 19, 2016
Accepted (ET)
Feb 23, 2016 · 9:02 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,F4,F2,F3 | $0.00 | Feb 19, 2016 | A | 6,069 | A | Mar 31, 2016 | — | Common Stock | 6,069 | 6,069 | D |
Explanation of responses
- 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 of Douglas Emmett, Inc. ("Issuer"). 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. Such grant is made under Issuer's compensation program for non-employee directors and is part of Reporting Person's compensation as a director of Issuer for the period February 19, 2016 to December 31, 2016. Issuer is the sole stockholder of the general partner of the Operating Partnership.
- F2The number of LTIP Units granted to Reporting Person is prorated for the first quarter of 2016: 814 LTIP Units vest on March 31, with the balance vesting in equal installments on June 30, September 30 and December 31, 2016.
- F3Not applicable.
- F4Reporting Person also owns 5,983 vested LTIP Units and 24,334 OP Units. Upon the occurrence of certain events, LTIP Units and OP Units are redeemable and exchangeable 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.