SEC Form 4 · accession 0000920522-18-000056
ESSEX PROPERTY TRUST, INC. · ESS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John F. Burkart
Officer — Sr. Executive Vice President
Period of report
Oct 30, 2018
Accepted (ET)
Oct 31, 2018 · 2:59 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 | Oct 30, 2018 | M | 834 | $152.63 | A | 6,763 | D | |
| Common Stock | Oct 30, 2018 | S | 834 | $256.11 | D | 5,929 | 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)F2 | $152.63 | Oct 30, 2018 | M | 834 | D | Dec 10, 2014 | Dec 10, 2023 | Common Stock | 834 | 0 | D |
Explanation of responses
- F1Under the options terms, the maximum value that the reporting person could receive is $100 per share. The value in excess of such amount, $3.48, was remitted to the Issuer by the reporting person in addition to the exercise price of $152.63.
- F2Vests 20% on December 10, 2014 and 1/60th on each monthly anniversary thereafter over four years.