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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | SEC 1473 (7-02) | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | |||
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1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security |
5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
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| Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
| Long Term Incentive Plan Units (1) | (2) | 12/31/2032 | Common Stock (1) | 93,809 | $ 0 (1) | D | |
| Long Term Incentive Plan Units (1) | (3) | 12/30/2031 | Common Stock (1) | 29,656 | $ 0 (1) | D | |
| Long Term Incentive Plan Units (1) | (4) | 12/30/2030 | Common Stock (1) | 13,855 | $ 0 (1) | D | |
| Long Term Incentive Plan Units (1) | 12/31/2022 | 12/27/2029 | Common Stock (1) | 22,832 | $ 0 (1) | D | |
| Operating Partnership Units (5) | (5) | (5) | Common Stock | 271,164 | $ 0 (5) | D | |
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
| Aronson Michele L 1299 OCEAN AVENUE, SUITE 1000 SANTA MONICA, CA 90401 |
EVP, GEN COUNSEL & SECY | |||
| /s/ Peter Seymour , Attorney-in-Fact for Michele L. Aronson | 09/12/2023 | |
| **Signature of Reporting Person | Date |
| * | If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
| ** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
| (1) | Represents long term incentive plan units ("LTIP Units") in Douglas Emmett Properties, LP, a DE limited partnership (the "Operating Partnership") granted pursuant to the 2016 Omnibus Stock Incentive Plan of Douglas Emmett, Inc. ("Issuer"). Issuer is the sole stockholder of the general partner of the Operating Partnership. Upon vesting and certain additional criteria, each LTIP Unit can be converted into one partnership common unit of the Operating Partnership ("OP Unit"), after achievement of a specified percentage increase in Gross Asset Values of the assets of the Operating Partnership. LTIP Units not converted into OP Units within 10 years of the grant date of the LTIP Unit will be forfeited. |
| (2) | The LTIP Units vest in three substantially equal installments on each of December 31, 2023, 2024 and 2025, subject to continued service. |
| (3) | The LTIP Units vest in two equal installments on each of December 31, 2023 and 2024, subject to continued service. |
| (4) | The LTIP Units vest on December 31, 2023, subject to continued service. |
| (5) | Represents OP Units that were originally granted as LTIPs and have satisfied all vesting and other conditions for conversion into OP Units. Following the occurrence of certain events, OP Units are redeemable by the holder, without consideration, for an equivalent number of shares of Issuer's common stock or for the cash value of such shares, at Issuer's election, and do not have an expiration date. |
| Remarks: Exhibit List: Exhibit 24 - Power of Attorney |
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