SEC Form 4 · accession 0000920522-17-000010
ESSEX PROPERTY TRUST, INC. · ESS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Craig K Zimmerman
Officer — Executive Vice President
Period of report
Feb 15, 2017
Accepted (ET)
Feb 15, 2017 · 7:17 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 | Feb 15, 2017 | M | 6,800 | $143.03 | A | 17,083 | D | |
| Common Stock | Feb 15, 2017 | S | 6,800 | $225.41 | D | 10,283 | 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 | $143.03 | Feb 15, 2017 | M | 6,800 | D | — | Dec 11, 2019 | Common Stock | 6,800 | 1,700 | D |
Explanation of responses
- F1Under the option terms, the maximum value that the reporting person could receive is $75 per share. The value in excess of such amount, $7.38, was remitted to the Issuer by the reporting person in addition to the exercise price of $143.03.
- F2Vested 10% on December 11, 2012 and 20% on each annual anniversary thereafter.