SEC Form 4 · accession 0000920522-15-000076
ESSEX PROPERTY TRUST, INC. · ESS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John F. Burkart
Officer — Sr. Executive Vice President
Period of report
Dec 14, 2015
Accepted (ET)
Dec 16, 2015 · 12:28 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000920522
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2 | Dec 14, 2015 | M | 1,000 | $132.03 | A | 3,823 | D | |
| Common Stock | Dec 14, 2015 | S | 1,000 | $232.03 | D | 2,823 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Purchase)F2,F3 | $132.03 | Dec 14, 2015 | M | 1,000 | D | — | Dec 6, 2021 | Common Stock | 1,000 | 500 | D |
Explanation of responses
- F1The transactions reported in this Form 4 were made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 6, 2015.
- F2Under the options terms, the maximum value that the reporting person could receive is $100 per share.
- F3Vested 10% on December 6, 2011, and 20% on each annual anniversary thereafter.