0000895345-22-000877.txt : 20221229
0000895345-22-000877.hdr.sgml : 20221229
20221229183131
ACCESSION NUMBER: 0000895345-22-000877
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20221227
FILED AS OF DATE: 20221229
DATE AS OF CHANGE: 20221229
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Emmett Dan A
CENTRAL INDEX KEY: 0001378407
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-33106
FILM NUMBER: 221499829
MAIL ADDRESS:
STREET 1: 1299 OCEAN AVENUE
STREET 2: SUITE 1000
CITY: SANTA MONICA
STATE: CA
ZIP: 90401
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Douglas Emmett Inc
CENTRAL INDEX KEY: 0001364250
STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798]
IRS NUMBER: 203073047
STATE OF INCORPORATION: MD
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 1299 OCEAN AVENUE, SUITE 1000
CITY: SANTA MONICA
STATE: CA
ZIP: 90401
BUSINESS PHONE: 310-255-7700
MAIL ADDRESS:
STREET 1: 1299 OCEAN AVENUE, SUITE 1000
CITY: SANTA MONICA
STATE: CA
ZIP: 90401
4
1
form4.xml
X0306
4
2022-12-27
0001364250
Douglas Emmett Inc
DEI
0001378407
Emmett Dan A
1299 OCEAN AVENUE
SUITE 1000
SANTA MONICA
CA
90401
true
true
Chairman of the Board
Long Term Incentive Plan Units
0
2022-12-27
4
A
0
7818
0
A
2022-12-31
2032-12-31
Common Stock
7818
7818
D
Long term incentive plan units ("LTIP Units") of Douglas Emmett Properties, LP (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 ("OP Unit") of the Operating Partnership, which is ultimately exchangeable into common stock of Issuer, only, if applicable, 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 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.
LTIP Units vest 25% on December 31, 2022. The remaining 75% of the LTIP Units vest in equal installments on December 31, 2023, 2024, and 2025.
Derivative securities owned by the Reporting Person include the LTIP Units reported herein, and an additional (i) 3,468,727 OP Units, of which 770,126 OP Units are held by certain trusts f/b/o the Reporting Person's spouse and children (collectively, the "Family Trusts") of which Reporting Person is a trustee, and 31,517 OP Units are held by Rivermouth Partners, a CA LP ("Rivermouth"), of which Reporting Person is president of the manager of the general partner, and (ii) 7,799 LTIP Units previously granted pursuant to Issuer's 2016 Omnibus Stock Incentive Plan. Reporting Person disclaims beneficial ownership of OP Units held by the Family Trusts and Rivermouth, except to the extent of his pecuniary interest, if any, therein.
/s/ Peter Seymour, Attorney-in-Fact for Dan A. Emmett
2022-12-29