SEC Form 4 · accession 0000920522-17-000101
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
Dec 11, 2017
Accepted (ET)
Dec 12, 2017 · 6:13 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 StockF2 | Dec 11, 2017 | M | 4,801 | $143.03 | A | 49,564 | D | |
| Common Stock | Dec 11, 2017 | S | 4,801 | $247.37 | 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 | $143.03 | Dec 11, 2017 | M | 4,801 | D | Dec 11, 2012 | Dec 11, 2019 | Common Stock | 4,801 | 699 | 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 February 27, 2017.
- F2Under the options terms, the maximum value that the reporting person could receive is $75 per share. The value in excess of such amount, $29.34, was remitted to the Issuer by the reporting person in addition to the exercise price of $143.03.
- F3Vested 10% on December 11, 2012, and 20% on each annual anniversary thereafter.