SEC Form 4 · accession 0001194670-15-000001
ESSEX PROPERTY TRUST, INC. · ESS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Craig K Zimmerman
Officer — Executive Vice President
Period of report
Feb 12, 2015
Accepted (ET)
Feb 17, 2015 · 6:03 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 | Feb 12, 2015 | M | 8,500 | $143.03 | A | 11,280 | D | |
| Common Stock | Feb 12, 2015 | S | 8,500 | $227.42 | D | 2,780 | D | |
| Common Stock | Feb 12, 2015 | M | 3,028 | $132.03 | A | 5,808 | 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)F1 | $143.03 | Feb 12, 2015 | M | 8,500 | D | Dec 11, 2012 | Dec 11, 2019 | Common Stock | 8,500 | 8,500 | D |
| Stock Option (Right to Purchase) | $132.03 | Feb 12, 2015 | M | 3,028 | D | Dec 6, 2011 | Dec 6, 2021 | Common Stock | 3,028 | 9,472 | D |
Explanation of responses
- F1Under the options terms, the maximum value that the reporting person could receive is $75 per share. The value in excess of such amount, $9.39, was remitted to the Issuer by the reporting person in addition to the exercise price of $143.03.