0001482512-22-000029.txt : 20220103 0001482512-22-000029.hdr.sgml : 20220103 20220103200747 ACCESSION NUMBER: 0001482512-22-000029 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: Jaffe Steven M. CENTRAL INDEX KEY: 0001652508 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-34789 FILM NUMBER: 22503669 MAIL ADDRESS: STREET 1: 11601 WILSHIRE BLVD STREET 2: SIXTH FLOOR CITY: LOS ANGELES STATE: CA ZIP: 90025 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_164125845172602.xml FORM 4 X0306 4 2021-12-29 0 0001482512 Hudson Pacific Properties, Inc. HPP 0001652508 Jaffe Steven M. 11601 WILSHIRE BLVD SUITE 900 LOS ANGELES CA 90025 0 1 0 0 EVP, Business Affairs LTIP Units 2021-12-29 4 A 0 20259 A Common Stock, par value $.01 20259.0 90328 D LTIP Units 2021-12-29 4 A 0 7690 A Common Stock, par value $.01 7690.0 98018 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 granted 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. Common Units are redeemable for cash based on the fair market value of an equivalent number of shares of 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. (Continued from Footnote 1) The LTIP Units also are subject to a mandatory holding period under which the executives generally cannot sell vested LTIP Units for an additional three years following the applicable vesting date. The LTIP Units will vest with respect to one-third of the LTIP Units on each of the first, second and third anniversaries of December 29, 2021, subject to the executive's continued service through the applicable vesting date. 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. Represents LTIP Units issued in lieu of the reporting person's 2021 cash bonus pursuant to an election made by the reporting person. The LTIP Units were fully-vested upon their issuance on December 29, 2021. /s/ Steve M. Jaffe 2022-01-03