SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

BREA V L.L.C.

(Last)

(First)

(Middle)

C/O THE BLACKSTONE GROUP L.P.

345 PARK AVENUE

(Street)

NEW YORK

10154

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
Hudson Pacific Properties, Inc. [ HPP ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director	X	10% Owner
Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
05/16/2016

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Units	⁽¹⁾	05/16/2016		S			2,218,292	⁽¹⁾	⁽¹⁾	Common Stock	2,218,292	$29.08	4,522,411	I	See Footnotes⁽²⁾⁽²⁹⁾⁽³¹⁾⁽³³⁾⁽³⁴⁾⁽³⁵⁾
Common Units	⁽¹⁾	05/16/2016		S			776,365	⁽¹⁾	⁽¹⁾	Common Stock	776,365	$29.08	1,582,767	I	See Footnotes⁽³⁾⁽²⁹⁾⁽³¹⁾⁽³³⁾⁽³⁴⁾⁽³⁵⁾
Common Units	⁽¹⁾	05/16/2016		S			1,994,618	⁽¹⁾	⁽¹⁾	Common Stock	1,994,618	$29.08	4,066,412	I	See Footnotes⁽⁴⁾⁽²⁹⁾⁽³¹⁾⁽³³⁾⁽³⁴⁾⁽³⁵⁾
Common Units	⁽¹⁾	05/16/2016		S			545,397	⁽¹⁾	⁽¹⁾	Common Stock	545,397	$29.08	1,111,896	I	See Footnotes⁽⁵⁾⁽²⁹⁾⁽³¹⁾⁽³³⁾⁽³⁴⁾⁽³⁵⁾
Common Units	⁽¹⁾	05/16/2016		S			223,455	⁽¹⁾	⁽¹⁾	Common Stock	223,455	$29.08	455,204	I	See Footnotes⁽⁶⁾⁽²⁹⁾⁽³¹⁾⁽³³⁾⁽³⁴⁾⁽³⁵⁾
Common Units	⁽¹⁾	05/16/2016		S			1,548,011	⁽¹⁾	⁽¹⁾	Common Stock	1,548,011	$29.08	3,160,266	I	See Footnotes⁽⁷⁾⁽³⁰⁾⁽³¹⁾⁽³³⁾⁽³⁴⁾⁽³⁵⁾
Common Units	⁽¹⁾	05/16/2016		S			450,827	⁽¹⁾	⁽¹⁾	Common Stock	450,827	$29.08	920,365	I	See Footnotes⁽⁸⁾⁽³⁰⁾⁽³¹⁾⁽³³⁾⁽³⁴⁾⁽³⁵⁾
Common Units	⁽¹⁾	05/16/2016		S			945,176	⁽¹⁾	⁽¹⁾	Common Stock	945,176	$29.08	1,929,577	I	See Footnotes⁽⁹⁾⁽³⁰⁾⁽³¹⁾⁽³³⁾⁽³⁴⁾⁽³⁵⁾
Common Units	⁽¹⁾	05/16/2016		S			767,221	⁽¹⁾	⁽¹⁾	Common Stock	767,221	$29.08	1,566,283	I	See Footnotes⁽¹⁰⁾⁽³⁰⁾⁽³¹⁾⁽³³⁾⁽³⁴⁾⁽³⁵⁾
Common Units	⁽¹⁾	05/16/2016		S			4,777	⁽¹⁾	⁽¹⁾	Common Stock	4,777	$29.08	9,751	I	See Footnotes⁽¹¹⁾⁽³⁰⁾⁽³¹⁾⁽³³⁾⁽³⁴⁾⁽³⁵⁾
Common Units	⁽¹⁾	05/16/2016		S			27,339	⁽¹⁾	⁽¹⁾	Common Stock	27,339	$29.08	55,813	I	See Footnotes⁽¹²⁾⁽³⁰⁾⁽³¹⁾⁽³³⁾⁽³⁴⁾⁽³⁵⁾
Common Units	⁽¹⁾	05/16/2016		S			93,522	⁽¹⁾	⁽¹⁾	Common Stock	93,522	$29.08	190,927	I	See Footnotes⁽¹³⁾⁽³²⁾⁽³³⁾⁽³⁴⁾⁽³⁵⁾
Common Units	⁽¹⁾	05/16/2016		S			5,000	⁽¹⁾	⁽¹⁾	Common Stock	5,000	$29.08	22,423	I	See Footnotes⁽¹⁴⁾⁽²⁸⁾⁽³⁰⁾⁽³¹⁾⁽³³⁾⁽³⁴⁾⁽³⁵⁾
Common Units	⁽¹⁾	05/16/2016		S			400,000	⁽¹⁾	⁽¹⁾	Common Stock	400,000	$29.08	1,793,939	I	See Footnotes⁽¹⁵⁾⁽²⁸⁾⁽²⁹⁾⁽³⁰⁾⁽³¹⁾⁽³³⁾⁽³⁴⁾⁽³⁵⁾
Common Units	⁽¹⁾							⁽¹⁾	⁽¹⁾	Common Stock	5,426,289		5,426,289	I	See Footnotes⁽¹⁶⁾⁽²⁹⁾⁽³¹⁾⁽³³⁾⁽³⁴⁾⁽³⁵⁾
Common Units	⁽¹⁾							⁽¹⁾	⁽¹⁾	Common Stock	1,899,111		1,899,111	I	See Footnotes⁽¹⁷⁾⁽²⁹⁾⁽³¹⁾⁽³³⁾⁽³⁴⁾⁽³⁵⁾
Common Units	⁽¹⁾							⁽¹⁾	⁽¹⁾	Common Stock	4,879,148		4,879,148	I	See Footnotes⁽¹⁸⁾⁽²⁹⁾⁽³¹⁾⁽³³⁾⁽³⁴⁾⁽³⁵⁾
Common Units	⁽¹⁾							⁽¹⁾	⁽¹⁾	Common Stock	1,334,127		1,334,127	I	See Footnotes⁽¹⁹⁾⁽²⁹⁾⁽³¹⁾⁽³³⁾⁽³⁴⁾⁽³⁵⁾
Common Units	⁽¹⁾							⁽¹⁾	⁽¹⁾	Common Stock	546,960		546,960	I	See Footnotes⁽²⁰⁾⁽²⁹⁾⁽³¹⁾⁽³³⁾⁽³⁴⁾⁽³⁵⁾
Common Units	⁽¹⁾							⁽¹⁾	⁽¹⁾	Common Stock	3,782,328		3,782,328	I	See Footnotes⁽²¹⁾⁽³⁰⁾⁽³¹⁾⁽³³⁾⁽³⁴⁾⁽³⁵⁾
Common Units	⁽¹⁾							⁽¹⁾	⁽¹⁾	Common Stock	1,101,527		1,101,527	I	See Footnotes⁽²²⁾⁽³⁰⁾⁽³¹⁾⁽³³⁾⁽³⁴⁾⁽³⁵⁾
Common Units	⁽¹⁾							⁽¹⁾	⁽¹⁾	Common Stock	2,309,392		2,309,392	I	See Footnotes⁽²³⁾⁽³⁰⁾⁽³¹⁾⁽³³⁾⁽³⁴⁾⁽³⁵⁾
Common Units	⁽¹⁾							⁽¹⁾	⁽¹⁾	Common Stock	1,874,587		1,874,587	I	See Footnotes⁽²⁴⁾⁽³⁰⁾⁽³¹⁾⁽³³⁾⁽³⁴⁾⁽³⁵⁾
Common Units	⁽¹⁾							⁽¹⁾	⁽¹⁾	Common Stock	11,671		11,671	I	See Footnotes⁽²⁵⁾⁽³⁰⁾⁽³¹⁾⁽³³⁾⁽³⁴⁾⁽³⁵⁾
Common Units	⁽¹⁾							⁽¹⁾	⁽¹⁾	Common Stock	66,799		66,799	I	See Footnotes⁽²⁶⁾⁽³⁰⁾⁽³¹⁾⁽³³⁾⁽³⁴⁾⁽³⁵⁾
Common Units	⁽¹⁾							⁽¹⁾	⁽¹⁾	Common Stock	228,507		228,507	I	See Footnotes⁽²⁷⁾⁽³²⁾⁽³³⁾⁽³⁴⁾⁽³⁵⁾

1. Name and Address of Reporting Person^*

BREA V L.L.C.

(Last)

(First)

(Middle)

C/O THE BLACKSTONE GROUP L.P.

345 PARK AVENUE

(Street)

NEW YORK

10154

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

Director	X	10% Owner
Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

BREA VI L.L.C.

(Last)

(First)

(Middle)

C/O THE BLACKSTONE GROUP L.P.

345 PARK AVENUE

(Street)

NEW YORK

10154

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

Director	X	10% Owner
Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

BLACKSTONE FAMILY GP LLC

(Last)

(First)

(Middle)

C/O THE BLACKSTONE GROUP L.P.

345 PARK AVENUE

(Street)

NEW YORK

10154

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

Director	X	10% Owner
Officer (give title below)		Other (specify below)

Explanation of Responses:

1. Pursuant to the terms of the Third Amended and Restated Limited Partnership Agreement of Hudson Pacific Properties, L.P., and subject to certain requirements and restrictions, the common units of Hudson Pacific Properties, L.P. (the "Common Units") are redeemable for shares of common stock of the issuer, on a one-for-one basis or, at the option of the issuer, for cash.

2. Reflects securities of the issuer held directly by HPP BREP V Holdco B LLC. HPP BREP V Holdco B LLC is a wholly-owned subsidiary of Blackstone Real Estate Partners V L.P.

3. Reflects securities of the issuer held directly by HPP BREP V.TE.1 Holdco B LLC. HPP BREP V.TE.1 Holdco B LLC is a wholly-owned subsidiary of Blackstone Real Estate Partners V.TE.1 L.P.

4. Reflects securities of the issuer held directly by HPP BREP V.TE.2 Holdco B LLC. HPP BREP V.TE.2 Holdco B LLC is a wholly-owned subsidiary of Blackstone Real Estate Partners V.TE.2 L.P.

5. Reflects securities of the issuer held directly by HPP BREP V.F Holdco B LLC. HPP BREP V.F Holdco B LLC is a wholly-owned subsidiary of Blackstone Real Estate Partners V.F L.P.

6. Reflects securities of the issuer held directly by HPP BRE Holdings V Holdco B LLC. HPP BRE Holdings V Holdco B LLC is a wholly-owned subsidiary of Blackstone Real Estate Holdings V L.P.

7. Reflects securities of the issuer held directly by HPP BREP VI Holdco B LLC. HPP BREP VI Holdco B LLC is a wholly-owned subsidiary of Blackstone Real Estate Partners VI L.P.

8. Reflects securities of the issuer held directly by HPP BREP VI.TE.1 Holdco B LLC. HPP BREP VI.TE.1 Holdco B LLC is a wholly-owned subsidiary of Blackstone Real Estate Partners VI.TE.1 L.P.

9. Reflects securities of the issuer held directly by HPP BREP VI.TE.2 Holdco B LLC. HPP BREP VI.TE.2 Holdco B LLC is a wholly-owned subsidiary of Blackstone Real Estate Partners VI.TE.2 L.P.

10. Reflects securities of the issuer held directly by HPP BREP VI AV Holdco B LLC. HPP BREP VI AV Holdco B LLC is a wholly-owned subsidiary of Blackstone Real Estate Partners VI (AV) L.P.

11. Reflects securities of the issuer held directly by HPP BREP (AIV) VI Holdco B LLC. HPP BREP (AIV) VI Holdco B LLC is a wholly-owned subsidiary of Blackstone Real Estate Partners (AIV) VI L.P.

12. Reflects securities of the issuer held directly by HPP BRE Holdings VI Holdco B LLC. HPP BRE Holdings VI Holdco B LLC is a wholly-owned subsidiary of Blackstone Real Estate Holdings VI L.P.

13. Reflects securities of the issuer held directly by HPP BFREP VI SMD Holdco B LLC. HPP BFREP VI SMD Holdco B LLC is a wholly-owned subsidiary of Blackstone Family Real Estate Partnership VI - SMD L.P.

14. Reflects securities of the issuer held directly by Nantucket Services, LLC.

15. Reflects securities of the issuer held directly by Blackhawk Services II LLC.

16. Reflects securities of the issuer held directly by HPP BREP V Holdco A LLC. HPP BREP V Holdco A LLC is a wholly-owned subsidiary of Blackstone Real Estate Partners V L.P.

17. Reflects securities of the issuer held directly by HPP BREP V.TE.1 Holdco A LLC. HPP BREP V.TE.1 Holdco A LLC is a wholly-owned subsidiary of Blackstone Real Estate Partners V.TE.1 L.P.

18. Reflects securities of the issuer held directly by HPP BREP V.TE.2 Holdco A LLC. HPP BREP V.TE.2 Holdco A LLC is a wholly-owned subsidiary of Blackstone Real Estate Partners V.TE.2 L.P.

19. Reflects securities of the issuer held directly by HPP BREP V.F Holdco A LLC. HPP BREP V.F Holdco A LLC is a wholly-owned subsidiary of Blackstone Real Estate Partners V.F L.P.

20. Reflects securities of the issuer held directly by HPP BRE Holdings V Holdco A LLC. HPP BRE Holdings V Holdco A LLC is a wholly-owned subsidiary of Blackstone Real Estate Holdings V L.P.

21. Reflects securities of the issuer held directly by HPP BREP VI Holdco A LLC. HPP BREP VI Holdco A LLC is a wholly-owned subsidiary of Blackstone Real Estate Partners VI L.P.

22. Reflects securities of the issuer held directly by HPP BREP VI.TE.1 Holdco A LLC. HPP BREP VI.TE.1 Holdco A LLC is a wholly-owned subsidiary of Blackstone Real Estate Partners VI.TE.1 L.P.

23. Reflects securities of the issuer held directly by HPP BREP VI.TE.2 Holdco A LLC. HPP BREP VI.TE.2 Holdco A LLC is a wholly-owned subsidiary of Blackstone Real Estate Partners VI.TE.2 L.P.

24. Reflects securities of the issuer held directly by HPP BREP VI AV Holdco A LLC. HPP BREP VI AV Holdco A LLC is a wholly-owned subsidiary of Blackstone Real Estate Partners VI (AV) L.P.

25. Reflects securities of the issuer held directly by HPP BREP (AIV) VI Holdco A LLC. HPP BREP (AIV) VI Holdco A LLC is a wholly-owned subsidiary of Blackstone Real Estate Partners (AIV) VI L.P.

26. Reflects securities of the issuer held directly by HPP BRE Holdings VI Holdco A LLC. HPP BRE Holdings VI Holdco A LLC is a wholly-owned subsidiary of Blackstone Real Estate Holdings VI L.P.

27. Reflects securities of the issuer held directly by HPP BFREP VI SMD Holdco A LLC. HPP BFREP VI SMD Holdco A LLC is a wholly-owned subsidiary of Blackstone Family Real Estate Partnership VI - SMD L.P.

28. The manager of Nantucket Services, LLC is, acting collectively and unanimously, Blackstone Real Estate Partners V L.P., Blackstone Real Estate Partners V.TE.1 L.P., Blackstone Real Estate Partners V.TE.2 L.P., Blackstone Real Estate Partners V.F L.P. and Blackstone Real Estate Holdings V L.P. The manager of Blackhawk Services II LLC is, acting collectively and unanimously, Blackstone Real Estate Partners V L.P. and Blackstone Real Estate Partners VI L.P.

29. The general partner of each of Blackstone Real Estate Partners V L.P., Blackstone Real Estate Partners V.TE.1 L.P., Blackstone Real Estate Partners V.TE.2 L.P. and Blackstone Real Estate Partners V.F L.P. is Blackstone Real Estate Associates V L.P. The general partner of Blackstone Real Estate Associates V L.P. is BREA V L.L.C. The general partner of Blackstone Real Estate Holdings V L.P. is BREP V Side-by-Side GP L.L.C. The sole member of BREP V Side-by-Side GP L.L.C., and the managing member of BREA V L.L.C., is Blackstone Holdings II L.P. The general partner of Blackstone Holdings II L.P. is Blackstone Holdings I/II GP Inc. The sole shareholder of Blackstone Holdings I/II GP Inc. is The Blackstone Group L.P.

30. The general partner of each of Blackstone Real Estate Partners VI L.P., Blackstone Real Estate Partners VI.TE.1 L.P., Blackstone Real Estate Partners VI.TE.2 L.P., Blackstone Real Estate Partners VI (AV) L.P. and Blackstone Real Estate Partners (AIV) VI L.P. is Blackstone Real Estate Associates VI L.P. The general partner of Blackstone Real Estate Associates VI L.P. is BREA VI L.L.C. The general partner of Blackstone Real Estate Holdings VI L.P. is BREP VI Side-by-Side GP L.L.C. The sole member of BREP VI Side-by-Side GP L.L.C., and the managing member of BREA VI L.L.C., is Blackstone Holdings III L.P. The general partner of Blackstone Holdings III L.P. is Blackstone Holdings III GP L.P. The general partner of Blackstone Holdings III GP L.P. is Blackstone Holdings III GP Management L.L.C. The sole member of Blackstone Holdings III GP Management L.L.C. is The Blackstone Group L.P.

31. The general partner of The Blackstone Group L.P. is Blackstone Group Management L.L.C. Blackstone Group Management L.L.C. is wholly-owned by Blackstone's senior managing directors and controlled by its founder, Stephen A. Schwarzman.

32. The general partner of Blackstone Family Real Estate Partnership VI - SMD L.P. is Blackstone Family GP L.L.C., which is in turn, wholly owned by Blackstone's senior managing directors and controlled by its founder, Stephen A. Schwarzman.

33. Due to the limitations of the electronic filing system certain Reporting Persons are filing a separate Form 4.

34. Information with respect to each of the Reporting Persons is given solely by such Reporting Person, and no Reporting Person has responsibility for the accuracy or completeness of information supplied by another Reporting Person.

35. Each of the Reporting Persons (other than to the extent it directly holds securities reported herein) disclaims beneficial ownership of the securities held by the other Reporting Persons, except to the extent of such Reporting Person's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, as amended (the "Act"), each of the Reporting Persons (other than to the extent it directly holds securities reported herein) states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose. The filing of this Form 4 shall not be deemed an admission that the Reporting Persons are subject to Section 16 of the Act.

Remarks:

	BREA V L.L.C., By: /s/ Frank Cohen, Name: Frank Cohen, Title: Managing Director	05/16/2016
	BREA VI L.L.C., By: /s/ Frank Cohen, Name: Frank Cohen, Title: Managing Director	05/16/2016
	BLACKSTONE FAMILY GP L.L.C., By: /s/ Frank Cohen, Name: Frank Cohen, Title: Managing Director	05/16/2016
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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