SEC Form 4 · accession 0000920522-16-000125
ESSEX PROPERTY TRUST, INC. · ESS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John D Eudy
Officer — Executive Vice President
Period of report
Sep 1, 2016
Accepted (ET)
Sep 6, 2016 · 1:52 pm EDT
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 StockF1 | Sep 1, 2016 | C | 2,500 | — | A | 9,268 | D | |
| Common Stock | Sep 1, 2016 | S | 2,500 | $226.41 | D | 6,768 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Partnership UnitsF1 | — | Sep 1, 2016 | C | 2,500 | D | Sep 1, 2016 | — | Common Stock | 2,500 | 23,658 | D |
Explanation of responses
- F1The reporting person exchanged 2,500 common units of Essex Portfolio, L.P. (EPLP) into 2,500 shares of the issuer's common stock. Common units are exchangeable for an equal number of shares of the issuer's common stock. Units have no expiration date. The reporting person acquired the common units by exchanging his Series Z-1 incentive units in EPLP, which were previously purchased by him for $1 per each such incentive unit.