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) |
Date Exercisable |
Expiration Date |
Title |
Amount or Number of Shares |
Long Term Incentive Plan Units
(1)
|
12/31/2017(2)
|
12/28/2027 |
Common Stock
|
13,014
|
$
0
|
D
|
Â
|
Long Term Incentive Plan Units
(1)
|
12/31/2018(3)
|
12/28/2027 |
Common Stock
|
48,674
|
$
0
|
D
|
Â
|
Long Term Incentive Plan Units
(1)
|
12/31/2018(4)
|
12/06/2028 |
Common Stock
|
10,105
|
$
0
|
D
|
Â
|
* |
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) |
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, each LTIP Unit can be converted into one partnership common unit ("OP Unit") of the Operating Partnership, which is ultimately exchangeable for common stock of Issuer, only, if applicable, after a specified percentage increase in Gross Asset Values of the Operating Partnership. LTIP Units not converted into OP Units within 10 years of the grant date will be forfeited. Upon 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. |
(2) |
LTIP Units granted on December 28, 2017, vest in 25% installments on December 31, 2017, 2018, 2019 and 2020. |
(3) |
LTIP Units granted on December 28, 2017, vest in 25% installments on December 31, 2018, 2019, 2020 and 2021. |
(4) |
LTIP Units granted on December 6, 2018, vest in 25% installments on December 31, 2018, 2019, 2020 and 2021. |