SEC Form 4 · accession 0000920522-16-000142
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
Dec 8, 2016
Accepted (ET)
Dec 9, 2016 · 2:12 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 StockF1 | Dec 8, 2016 | A | 1,662 | $0.00 | A | 8,430 | 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 | $219.22 | Dec 8, 2016 | A | 20,710 | A | Dec 8, 2017 | Dec 8, 2026 | Common Stock | 20,710 | 20,710 | D |
Explanation of responses
- F1Represents restricted stock units that are fully vested as of the grant date and are subject to restrictions on transfer for the three-year period following the date of grant. In accordance with applicable Form 4 reporting requirements, the foregoing excludes 1,662 restricted stock units also granted on December 8, 2016, that may be earned subject to achievement of certain performance criteria based on the Issuer's relative total return to shareholders measured against an industry-specific index through December 8, 2019.
- F233% of these options vest on each anniversary starting on December 8, 2017 and ending on December 8, 2019. Stock options are subject to a $100 cap upon exercise.