SEC Form 4 · accession 0000920522-18-000093
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
Dec 20, 2018
Accepted (ET)
Dec 26, 2018 · 4:27 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 StockF1 | Dec 20, 2018 | C | 5,000 | — | A | 15,455 | D | |
| Common Stock | Dec 20, 2018 | S | 2,500 | $255.38 | D | 12,955 | D | |
| Common Stock | Dec 21, 2018 | S | 2,500 | $258.58 | D | 10,455 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Partnership UnitsF1,F2 | — | Dec 20, 2018 | C | 5,000 | D | — | — | Common Stock | 5,000 | 29,658 | D |
Explanation of responses
- F1The reporting person exchanged 5,000 Operating Partnership limited partnership units ("OP Units") of Essex Portfolio, L.P. ("EPLP") into 5,000 shares of the issuer's common stock. EPLP's OP units are exchangeable for an equal number of shares of the issuer's common stock. EPLP's OP units have no expiration date.
- F2EPLP's OP units were immediately exercisable upon issuance.