0000899243-20-001648.txt : 20200122
0000899243-20-001648.hdr.sgml : 20200122
20200122164003
ACCESSION NUMBER: 0000899243-20-001648
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20200117
FILED AS OF DATE: 20200122
DATE AS OF CHANGE: 20200122
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Behler Albert P.
CENTRAL INDEX KEY: 0001623940
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36746
FILM NUMBER: 20539303
MAIL ADDRESS:
STREET 1: PARAMOUNT GROUP, INC.
STREET 2: 1633 BROADWAY, SUITE 1801
CITY: NEW YORK
STATE: NY
ZIP: 10019
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Paramount Group, Inc.
CENTRAL INDEX KEY: 0001605607
STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798]
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
doc4.xml
FORM 4 SUBMISSION
X0306
4
2020-01-17
0
0001605607
Paramount Group, Inc.
PGRE
0001623940
Behler Albert P.
C/O PARAMOUNT GROUP, INC.
1633 BROADWAY, SUITE 1801
NEW YORK
NY
10019
1
1
0
0
Chairman, CEO and President
LTIP Units
2020-01-17
4
A
0
190986
0.00
A
Common Stock
190986
190986
D
LTIP Units
2020-01-17
4
A
0
38212
0.00
A
Common Stock
38212
38212
D
LTIP Units
2020-01-17
4
A
0
117674
0.00
A
Common Stock
117674
117674
D
LTIP Units issued pursuant to the Issuer's 2014 Equity Incentive Plan. The LTIP Units vest in four equal installments on each of February 15, 2021, 2022, 2023 and 2024, subject to continued employment.
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.
Fully vested LTIP Units issued, pursuant to the Issuer's 2014 Equity Incentive Plan, in connection with a cash bonus exchange election made by the reporting person.
LTIP Units earned upon the achievement of the performance hurdles pursuant to the 2016 Performance Program. Of the 117,674 LTIP Units, 58,837 LTIP Units vested on January 14, 2020 and the remaining 58,837 LTIP Units will vest on December 31, 2020.
/s/ Gage Johnson as attorney-in-fact for Albert P. Behler
2020-01-22