SEC Form 4 · accession 0000920522-17-000055
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
Jun 12, 2017
Accepted (ET)
Jun 12, 2017 · 5:02 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 | Jun 12, 2017 | M | 334 | $152.63 | A | 45,097 | D | |
| Common Stock | Jun 12, 2017 | S | 334 | $263.00 | D | 44,763 | D | |
| Common Stock | 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)F3 | $152.63 | Jun 12, 2017 | M | 334 | D | Dec 10, 2014 | Dec 10, 2023 | Common Stock | 334 | 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. The value in excess of such amount, $10.37, was remitted to the Issuer by the reporting person in addition to the exercise price of $152.63.
- F3Vests 20% on December 10, 2014 and 1/60th on each monthly anniversary thereafter over four years.