SEC Form 4 · accession 0000920522-15-000080
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 18, 2015
Accepted (ET)
Dec 18, 2015 · 5:59 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 18, 2015 | M | 3,000 | $143.03 | A | 5,823 | D | |
| Common Stock | Dec 18, 2015 | S | 3,000 | $236.85 | 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)F3 | $143.03 | Dec 18, 2015 | M | 3,000 | D | — | Dec 11, 2019 | Common Stock | 3,000 | 4,500 | D |
Explanation of responses
- F1The transactions reported on this Form 4 were made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 6, 2015.
- F2Under the option terms, the maximum value that the reporting person could receive is $75 per share. The value in excess of such amount, $18.82, was remitted to the Issuer by the reporting person in addition to the exercise price of $143.03.
- F3Vested 10% on December 11, 2012, and 20% on each anniversary thereafter.