SEC Form 4 · accession 0000920522-17-000076
ESSEX PROPERTY TRUST, INC. · ESS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Byron A Scordelis
Director
Period of report
Aug 24, 2017
Accepted (ET)
Aug 28, 2017 · 12:54 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 | Aug 24, 2017 | M | 3,000 | $155.34 | A | 4,986 | D | |
| Common StockF2 | Aug 24, 2017 | M | 3,265 | $164.76 | A | 8,251 | D | |
| Common Stock | Aug 24, 2017 | S | 6,265 | $267.39 | D | 1,986 | 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) | $155.34 | Aug 24, 2017 | M | 3,000 | D | May 15, 2013 | May 15, 2022 | Common Stock | 3,000 | 0 | D |
| Stock Option (Right to Purchase) | $164.76 | Aug 24, 2017 | M | 3,265 | D | May 14, 2014 | May 14, 2023 | Common Stock | 3,265 | 0 | D |
Explanation of responses
- F1Under the option terms, the maximum value that the reporting person could receive is $100 per share. The value in excess of such amount, $12.05, was remitted to the Issuer by the reporting person in addition to the exercise price of $155.34.
- F2Under the option terms, the maximum value that the reporting person could receive is $100 per share. The value in excess of such amount, $2.63, was remitted to the Issuer by the reporting person in addition to the exercise price of $164.76.