SEC Form 4 · accession 0001209191-16-155033
Douglas Emmett Inc · DEI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christopher H Anderson
Director
Period of report
Nov 30, 2016
Accepted (ET)
Dec 13, 2016 · 9:07 pm EST
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 Stock | Nov 30, 2016 | G | 12,330 | $0.00 | D | 2,294,694 | D |
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,F4,F3 | $0.00 | Dec 9, 2016 | A | 4,688 | A | Mar 31, 2017 | Dec 9, 2026 | Common Stock | 4,688 | 4,688 | 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 2016 Omnibus Stock Incentive Plan of Douglas Emmett, Inc. ("Issuer"). Issuer is the sole stockholder of the general partner of the Operating Partnership. Upon vesting, each LTIP Unit can be converted into one partnership common unit ("OP Unit") of the Operating Partnership, which is ultimately exchangeable into common stock of Issuer, only, if applicable, after a specified percentage increase in Gross Asset Values of the assets of the Operating Partnership. LTIP Units not converted into OP Units within 10 years of the grant date will be forfeited. Upon the occurrence of certain events, 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.
- F2LTIP Units granted as part of Reporting Person's compensation for service as a director of Issuer.
- F3These LTIP Units vest one-quarter in equal installments on each of March 31, 2017, June 30, 2017, September 30, 2017, and December 31, 2017.
- F4In addition to LTIP Units reported herein, Reporting Person owns 2,996 LTIP Units granted pursuant to Issuer's 2006 Omnibus Stock Incentive Plan, as amended, and 3,418,667 OP Units.