0001364250-23-000087.txt : 20231229 0001364250-23-000087.hdr.sgml : 20231229 20231229193457 ACCESSION NUMBER: 0001364250-23-000087 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20231227 FILED AS OF DATE: 20231229 DATE AS OF CHANGE: 20231229 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Emmett Dan A CENTRAL INDEX KEY: 0001378407 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-33106 FILM NUMBER: 231529132 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] ORGANIZATION NAME: 05 Real Estate & Construction 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 wk-form4_1703896487.xml FORM 4 X0508 4 2023-12-27 0 0001364250 Douglas Emmett Inc DEI 0001378407 Emmett Dan A 1299 OCEAN AVENUE SUITE 1000 SANTA MONICA CA 90401 1 0 0 0 0 Long Term Incentive Plan Units 0 2023-12-27 4 A 0 18133 0 A 2033-12-31 Common Stock 18133 18133 D Long Term Incentive Plan Units 0 2023-12-27 4 A 0 6045 0 A 2023-12-31 2033-12-31 Common Stock 6045 6045 D 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 and certain additional criteria based on achievement of a specified percentage increase in Gross Asset Values of the assets of the Operating Partnership, each LTIP Unit can be converted into one partnership common unit ("OP Unit") of the Operating Partnership on a one-for-one basis. 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 granted as part of Reporting Person's annual compensation for service as a director of Issuer. LTIP Units vest in one-quarter equal installments on January 1, 2024, April 1, 2024, July 1, 2024, and October 1, 2024. Derivative securities owned by the Reporting Person include the LTIP Units reported herein, and an additional 11,652 LTIP Units previously granted pursuant to Issuer's 2016 Omnibus Stock Incentive Plan, and 3,472,692 OP Units, which includes 268,380 OP Units 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 held by Rivermouth Partners, a CA LP ("Rivermouth"), of which Reporting Person is president of the manager of the general partner. 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. LTIP Units granted as part of the Reporting Person's compensation reflect his transition to service only as a Director and Chairman of the Board and reflects pro rata compensation for the period in 2023 following his resignation as executive officer of the Issuer. /s/ Peter Seymour , Attorney-in-Fact for Dan A. Emmett 2023-12-29