SEC Form 4 · accession 0000920522-18-000018
ESSEX PROPERTY TRUST, INC. · ESS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John D Eudy
Officer — Executive Vice President
Period of report
Mar 13, 2018
Accepted (ET)
Mar 14, 2018 · 1:47 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000920522
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Series Z-1 Incentive UnitsF2,F1 | — | Mar 13, 2018 | C | 11,000 | D | — | — | Operating Partnership Units | 11,000 | 0 | D |
| Operating Partnership UnitsF1 | — | Mar 13, 2018 | C | 11,000 | A | — | — | Common Stock | 11,000 | 34,658 | D |
Explanation of responses
- F1These Series Z-1 incentive units converted into Essex Portfolio, L.P. ("EPLP") operating partnership units upon the Series Z-1 units, which were granted in May 2010, reaching a 100% conversion ratchet percentage. EPLP operating partnership units are exchangeable by the reporting person at any time following the conversion for an equal number of shares of the issuer's common stock. EPLP operating partnership units have no expiration date.
- F2The Series Z-1 incentive units were purchased by the reporting person for $1 per each such incentive unit and had no expiration date.