0001482512-22-000033.txt : 20220103 0001482512-22-000033.hdr.sgml : 20220103 20220103202249 ACCESSION NUMBER: 0001482512-22-000033 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20211229 FILED AS OF DATE: 20220103 DATE AS OF CHANGE: 20220103 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: 22503718 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: NINTH FLOOR CITY: LOS ANGELES STATE: CA ZIP: 90025 BUSINESS PHONE: (310) 445-5700 MAIL ADDRESS: STREET 1: 11601 WILSHIRE BLVD. STREET 2: NINTH FLOOR CITY: LOS ANGELES STATE: CA ZIP: 90025 4 1 wf-form4_164125935329686.xml FORM 4 X0306 4 2021-12-29 0 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 1 0 0 0 LTIP Units 2021-12-29 4 A 0 3292 A Common Stock, par value $.01 3292.0 6698 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 2021 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, 2021. 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 2022-01-03