0001214659-20-010831.txt : 20201231
0001214659-20-010831.hdr.sgml : 20201231
20201231130449
ACCESSION NUMBER: 0001214659-20-010831
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: FRIED RICHARD B
CENTRAL INDEX KEY: 0001245637
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-34789
FILM NUMBER: 201428298
MAIL ADDRESS:
STREET 1: C/O FARALLON CAPITAL MANAGEMENT, L.L.C.
STREET 2: ONE MARITIME PLAZA, SUITE 2100
CITY: SAN FRANCISCO
STATE: CA
ZIP: 94111
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
marketforms-50789.xml
PRIMARY DOCUMENT
X0306
4
2020-12-29
0001482512
Hudson Pacific Properties, Inc.
HPP
0001245637
FRIED RICHARD B
C/O FARALLON CAPITAL MANAGEMENT, L.L.C.
ONE MARITIME PLAZA, SUITE 2100
SAN FRANCISCO
CA
94111
true
false
false
false
LTIP Units
2020-12-29
4
A
false
3406
A
Common Stock, par value $0.01
3406
3406
D
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.
Due to a 1000 character limit, Footnote 2 is a continuation of Footnote 1: Common Units are redeemable for cash based on the fair market value of an equivalent number of shares of common stock of the Company ("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.
Represents LTIP Units issued in lieu of the reporting person's 2020 annual cash retainer fees for service on the Company's board of directors. The LTIP Units were fully-vested upon their issuance on December 29, 2020.
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.
The reporting person is a managing member of each of Farallon Partners, L.L.C. ("FPLLC") and Farallon Capital Management, L.L.C. ("FCM"). FPLLC and FCM disclaim beneficial ownership of any of the Company's securities reported or referred to herein for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise.
/s/ Richard B. Fried
2020-12-31