0001482512-20-000139.txt : 20201231
0001482512-20-000139.hdr.sgml : 20201231
20201231171128
ACCESSION NUMBER: 0001482512-20-000139
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20201229
FILED AS OF DATE: 20201231
DATE AS OF CHANGE: 20201231
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: COLEMAN VICTOR J
CENTRAL INDEX KEY: 0001191420
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-34789
FILM NUMBER: 201429412
MAIL ADDRESS:
STREET 1: HUDSON PACIFIC PROPERTIES INC.
STREET 2: 11601 WILSHIRE BLVD SUITE 1600
CITY: LOS ANGELES
STATE: CA
ZIP: 90025
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Hudson Pacific Properties, Inc.
CENTRAL INDEX KEY: 0001482512
STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE [6500]
IRS NUMBER: 271430478
STATE OF INCORPORATION: MD
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 11601 WILSHIRE BLVD.
STREET 2: SUITE 1600
CITY: LOS ANGELES
STATE: CA
ZIP: 90025
BUSINESS PHONE: (310) 445-5700
MAIL ADDRESS:
STREET 1: 11601 WILSHIRE BLVD.
STREET 2: SUITE 1600
CITY: LOS ANGELES
STATE: CA
ZIP: 90025
4
1
wf-form4_160945267449270.xml
FORM 4
X0306
4
2020-12-29
0
0001482512
Hudson Pacific Properties, Inc.
HPP
0001191420
COLEMAN VICTOR J
11601 WILSHIRE BLVD. SUITE 900
LOS ANGELES
CA
90025
1
1
0
0
Chief Executive Officer
Common Stock, par value $0.01
2020-12-29
4
F
0
13270
23.49
D
652750
D
Common Stock, par value $0.01
161850
I
By Coleman 2012 Gift Trust
LTIP Units
2020-12-29
4
A
0
170285
A
Common Stock, par value $.01
170285.0
528321
D
LTIP Units
2020-12-29
4
A
0
35387
A
Common Stock, par value $.01
35387.0
563708
D
These shares are held in a trust for the benefit of the reporting person's children.
LTIP Units are a class of limited partnership units in Hudson Pacific Properties, L.P. (the "Operating Partnership"), the operating partnership of Hudson Pacific Properties, Inc. (the "Company") and are issued pursuant to the Hudson Pacific Properties, Inc. and Hudson Pacific Properties, L.P. 2010 Incentive Award Plan. Initially, LTIP Units do not have full parity with common limited partnership units of the Operating Partnership ("Common Units") with respect to liquidating distributions. If such parity is reached, vested LTIP Units may be converted into an equal number of Common Units at any time thereafter, and, upon conversion, enjoy all the rights of Common Units. Common Units are redeemable for cash based on the fair market value of an equivalent number of shares of Common Stock, or, at the election of the Company, an equal number of shares of Common Stock, each subject to adjustment in the event of stock splits, specified extraordinary distributions or similar events.
(Continued from Footnote 1) The LTIP Units also are subject to a mandatory holding period under which the executives generally cannot sell vested LTIP Units for an additional three years following the applicable vesting date.
The LTIP Units will vest with respect to one-third of the LTIP Units on each of the first, second and third anniversaries of December 29, 2020, subject to the executive's continued service through the applicable vesting date
The rights to convert LTIP Units into Common Units and redeem Common Units for cash or shares of Common Stock do not have expiration dates.
Represents LTIP Units issued in lieu of the reporting person's 2020 cash bonus pursuant to an election made by the reporting person. The LTIP Units were fully-vested upon their issuance on December 29, 2020.
/s/ Victor Coleman
2020-12-31