SEC Form 4 · accession 0001209191-18-000421

Douglas Emmett Inc · DEI

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

Reporting owner

Director

Period of report

Dec 28, 2017

Accepted (ET)

Jan 2, 2018 · 9:39 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,F4,F3	$0.00	Dec 28, 2017	A	4,746	A	Mar 31, 2018	Dec 28, 2027	Common Stock	4,746	4,746	D

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 OP Unit of the Operating Partnership, which is ultimately exchangeable into common stock of Issuer, and, if applicable, only 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 into which vested LTIP Units have been converted 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.
F3LTIP Units vest one-quarter in equal installments on March 31, 2018, June 30, 2018, September 30, 2018, and December 31, 2018.
F4In addition to LTIP Units reported herein, Reporting Person owns 3,809 LTIP Units granted pursuant to Issuer's 2016 Omnibus Stock Incentive Plan.