SEC Form 4 · accession 0000920522-17-000033
ESSEX PROPERTY TRUST, INC. · ESS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael J Schall
Officer — President and CEO
Period of report
May 12, 2017
Accepted (ET)
May 12, 2017 · 4:45 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 StockF2 | May 12, 2017 | M | 13,668 | $152.63 | A | 58,431 | D | |
| Common Stock | May 12, 2017 | S | 13,668 | $252.63 | D | 44,763 | D | |
| Common StockF3 | holding | — | — | — | 3,113 | I | Held by spouse |
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)F4 | $152.63 | May 12, 2017 | M | 13,668 | D | Dec 10, 2014 | Dec 10, 2023 | Common Stock | 13,668 | 0 | 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 May 12, 2016.
- F2Under the options terms, the maximum value that the reporting person could receive is $100 per share.
- F3The reporting person acquired beneficial ownership of these shares upon his marriage to the owner of the shares on March 18, 2017.
- F4Vests 20% on December 10, 2014 and 1/60th on each monthly anniversary thereafter over four years.