SEC Form 4 · accession 0001209191-16-130609
Douglas Emmett Inc · DEI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kenneth M Panzer
Officer — Chief Operating Officer · Director
Period of report
Jun 29, 2016
Accepted (ET)
Jul 1, 2016 · 8:18 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001364250
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jun 29, 2016 | M | 2,488,889 | $21.00 | A | 3,412,457 | D | |
| Common StockF1 | Jun 29, 2016 | M | 1,058,202 | $21.87 | A | 4,470,659 | D | |
| Common StockF1 | Jun 29, 2016 | F | 2,883,204 | $34.79 | D | 1,587,455 | D | |
| Common StockF1 | Jun 29, 2016 | G | 689,760 | $0.00 | D | 897,695 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Options (right to buy)F2,F1 | $21.00 | Jun 29, 2016 | M | 2,488,889 | D | Oct 30, 2006 | Oct 30, 2016 | Common Stock | 2,488,889 | 0 | D |
| Employee Stock Options (right to buy)F2,F1,F3 | $21.87 | Jun 29, 2016 | M | 1,058,202 | D | Jan 25, 2008 | Dec 31, 2017 | Common Stock | 1,058,202 | 0 | D |
Explanation of responses
- F1For more information on the transactions reported herein, see the Form 8-K filed by Douglas Emmett, Inc. on July 1, 2016.
- F2Employee stock options (right to buy) ("Options") granted pursuant to Issuer's 2006 Omnibus Stock Incentive Plan, as amended.
- F3Reporting Person also owns (i) 6,357,845 partnership common units ("OP Units") of Douglas Emmett Partnership, LP, a Delaware limited partnership (the "Operating Partnership"); (ii) fully vested Options to purchase an aggregate of 1,884,459 shares of common stock of Issuer, of which 1,358,696 Options expire December 31, 2018, and 525,763 Options expire December 31, 2019; and (iii) 540,302 long term incentive plan units ("LTIP Units"), which are partially vested. The Options and LTIP Units were granted pursuant to Issuer's 2006 Omnibus Stock Incentive Plan, as amended. Upon the occurrence of certain events, OP Units and LTIP 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. Issuer is the sole stockholder of the general partner of the Operating Partnership.