0000950170-24-062451.txt : 20240520
0000950170-24-062451.hdr.sgml : 20240520
20240520163405
ACCESSION NUMBER: 0000950170-24-062451
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240516
FILED AS OF DATE: 20240520
DATE AS OF CHANGE: 20240520
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Otto-Bernstein Katharina
CENTRAL INDEX KEY: 0001463104
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36746
FILM NUMBER: 24965117
MAIL ADDRESS:
STREET 1: C/O KG CURA VERMOGENSVERWALTUNG G.M.B.H.
STREET 2: WANDSBEKER STR. 3-7
CITY: HAMBURG
STATE: 2M
ZIP: 22179
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Paramount Group, Inc.
CENTRAL INDEX KEY: 0001605607
STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798]
ORGANIZATION NAME: 05 Real Estate & Construction
IRS NUMBER: 320439307
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 1633 BROADWAY, SUITE 1801
CITY: NEW YORK
STATE: NY
ZIP: 10019
BUSINESS PHONE: 212-237-3100
MAIL ADDRESS:
STREET 1: 1633 BROADWAY, SUITE 1801
CITY: NEW YORK
STATE: NY
ZIP: 10019
4
1
ownership.xml
4
X0508
4
2024-05-16
0001605607
Paramount Group, Inc.
PGRE
0001463104
Otto-Bernstein Katharina
C/O PARAMOUNT GROUP, INC.
1633 BROADWAY
NEW YORK
NY
10019
true
false
true
false
false
LTIP Units
2024-05-16
4
A
false
25000
0.00
A
Common Stock
25000
25000
D
LTIP Units issued pursuant to the Issuer's 2024 Equity Incentive Plan. The LTIP Units vest on the earlier of (i) one year from the date of grant and (ii) the date of the first annual meeting of stockholders following the grant date, subject to continued service as a director through such date.
Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes, each vested LTIP Unit will be converted automatically into a common unit of limited partnership interest ("OP Unit") in Paramount Group Operating Partnership LP. Each OP Unit acquired upon conversion of a vested LTIP Unit may be presented for redemption, at the election of the holder, for cash equal to the then fair market value of one share of the Issuer's common stock, except that the Issuer may, at its election, acquire each OP Unit so presented for one share of common stock. Such OP Units are generally not redeemable without the consent of the Issuer until two years from the date of the grant. The conversion feature of vested LTIP Units and the redemption rights for OP Units do not have expiration dates.
/s/ Gage Johnson as attorney-in-fact for Katharina Otto-Bernstein
2024-05-20