-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, TvLdv+cAwymFtgAOZuURlpowxPiJpNu6KQWMYkNBWF7g5LCa2RKpSbLs6psGpOiB Foe3S8iUeX5KchXmj9v19A== 0000914121-99-000832.txt : 19990914 0000914121-99-000832.hdr.sgml : 19990914 ACCESSION NUMBER: 0000914121-99-000832 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19990630 FILED AS OF DATE: 19990913 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ESSEX PROPERTY TRUST INC CENTRAL INDEX KEY: 0000920522 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 770369576 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: SEC FILE NUMBER: 001-13106 FILM NUMBER: 99710493 BUSINESS ADDRESS: STREET 1: 925 EAST MEADOW DR CITY: PALO ALTO STATE: CA ZIP: 94303 BUSINESS PHONE: 6504943700 MAIL ADDRESS: STREET 1: 925 EAST MEADOW DRIVE CITY: PALO ALTO STATE: CA ZIP: 94303 COMPANY DATA: COMPANY CONFORMED NAME: WESTBROOK REAL ESTATE PARTNERS LLC CENTRAL INDEX KEY: 0001048427 STANDARD INDUSTRIAL CLASSIFICATION: [] OWNER IRS NUMBER: 133789437 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 BUSINESS ADDRESS: STREET 1: 599 LEXINGTON AVENUE STREET 2: SUITE 3800 CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2128498800 MAIL ADDRESS: STREET 1: 599 LEXINGTON AVENUE STREET 2: SUITE 3800 CITY: NEW YORK STATE: NY ZIP: 10022 4 1 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP - ------------------------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION ------------------------------ FORM 4 Washington, D.C. 20549 OMB Approval - ------------------------- STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP ------------------------------ [X] Check this box if no OMB Number: 3235-0287 longer subject to Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Expires: September 30, 1998 Section 16. Form 4 Section 17(a) of the Public Utility Holding Company Act of 1935 or Estimated average burden or Form 5 obligations Section 30(f) of the Investment Company Act of 1940 hours per response.......0.5 may continue. See ------------------------------ Instruction 1(b).
(Print or Type Responses) - ------------------------------------------------------------------------------------------------------------------------------------ 1. Name and Address of Reporting Person* 2. Issuer Name and Ticker 4. Statement for 6. Relationship of Reporting Person(s) or Trading Symbol Month/Year to Issuer Westbrook Real Estate (Check all applicable) Partners, L.L.C.(1) Essex Property [ ] Director(1) [X] 10% Owner(2) ------------------------------------ Trust, Inc. -- ESS [ ] Officer (give [ ] Other (Last) (First) (Middle) title below) (specify below) 599 Lexington Avenue, Suite 3800 --------------------------------------- ------------------------------------ ----------------------------------------------------------------------------------------- (Street) 3. I.R.S. Identification 5. If Amendment, 7. Individual or Joint/Group Filing Number of Reporting Date of (Check Applicable Line) Person, if an entity Original [ ] Form Filed by One Reporting New York, NY 10022 (Voluntary) (Month/Year) Person ------------------------------------ [X] Form Filed by More than One (City) (State) (Zip) 6/1999(1) Reporting Person(1) - ------------------------------------------------------------------------------------------------------------------------------------ TABLE I -- NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED - ------------------------------------------------------------------------------------------------------------------------------------ 1. Title of Security 2. Trans- 3. Transaction 4. Securities Acquired (A) 5. Amount of 6. Ownership 7. Nature of (Instr. 3) action Code (Instr. or Disposed of (D) Securities Form: Indirect Date 8) (Instr. 3, 4 and 5) Beneficially Direct (D) Beneficial (Month/ Owned at End or Indirect Ownership Day/ of Month (I) (Instr. 4) Year) (Instr. 3 (Instr. 4) and 4) - ------------------------------------------------------------------------------------------------------------------------------------ Code V Amount (A) or (D) Price - ------------------------------------------------------------------------------------------------------------------------------------ Common Stock, par value $0.0001 per share ("Common Stock") 6/1/99 S 39,600 D $32.00 D,I(2)(3) (3) - ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 6/2/99 S 2,400 D $32.00 D,I(2)(3) (3) - ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 6/4/99 C(4) 417,500 A $21.875 D,I(2)(3) (3) - ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 6/3/99 S(5) 600,000 D $31.625 0 D,I(2)(3) (3) - ------------------------------------------------------------------------------------------------------------------------------------ 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). Page 1 of 4 SEC 1474 (7-97)
FORM 4 (continued)
TABLE II -- DERIVATIVE SECURITIES BENEFICIALLY OWNED (E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES) - ------------------------------------------------------------------------------------------------------------------------------------ 1. Title 2. Conver- 3. Trans- 4. Trans- 5. Number of 6. Date 7. Title 8. Price 9. Number 10. Owner- 11. Nature of of sion or action action Derivative Exer- and of of ship Indirect Deri- Exercise Date Code Securities cisable Amount Deri- Deri- Form Beneficial vative Price of (Instr. Acquired (A) and Expi- of vative vative of Deri- Ownership Secu- Deri- (Month/ 8) or Disposed ration Under- Secu- Secu- vative (Instr. 4) rity vative Day/ of (D) Date lying rity rities Security: (Instr. Security Year) (Instr. 3, (Month/ Securi- (Instr. Benefi- Direct 3) 4, and 5) Day/ ties 5) cially (D) or Year) (Instr. Owned Indirect 3 and 4) at End (I) of (Instr. Month 4) (Instr. 4) - ------------------------------------------------------------------------------------------------------------------------------------ Code V (A) (D) Date Expir- Title Amount Exerci- ation or sable Date Number of Shares - ------------------------------------------------------------------------------------------------------------------------------------ 8.75% $21.875 6/4/99 C(4) 365,313 Common 417,500 184,687 D,I(2)(3) (3) Convertible Stock Preferred Stock, Series 1996-A "Preferred Stock") - ------------------------------------------------------------------------------------------------------------------------------------ Director $10.125 Common 5,000 D,I(2)(6) (6) Stock Option Stock (right to purchase) - ------------------------------------------------------------------------------------------------------------------------------------ Explanation of Responses: See Attachment A. WESTBROOK REAL ESTATE PARTNERS, L.L.C. ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. and 15 U.S.C. 78ff(a). By: /S/ PATRICK K. FOX September 10, 1999 -------------------------------------- --------------------------- Name: Patrick K. Fox Date Title: Attorney-in-Fact Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. Potential persons who are to respond to the collection of information contained in this form are not required to respond unless form displays a currently valid OMB number. Page 2 of 4 SEC 1474 (7-97)
FORM 4 (continued) NAME AND ADDRESS OF REPORTING PERSON: Westbrook Real Estate Partners, L.L.C. 599 Lexington Avenue, Suite 3800 New York, New York 10022 STATEMENT FOR MONTH/YEAR: 6/1999 ISSUER NAME AND TICKER OR TRADING SYMBOL: Essex Property Trust, Inc. - ESS ATTACHMENT A - ------------ (1) Names and addresses of additional joint filers: 1. Westbrook Real Estate Partners Management I, L.L.C. ("WREM I") 2. Westbrook Real Estate Fund I, L.P. ("WREF I") 3. Westbrook Real Estate Co-Investment Partnership I, L.P. ("WRECIP I") 4. Jonathan H. Paul ("Paul") 5. William H. Walton III ("Walton") Each at: 599 Lexington Avenue, Suite 3800 New York, New York 10022 6. Paul D. Kazilionis ("Kazilionis") 284 South Beach Road Hobe Sound, Florida 33455 This amendment, filed on behalf of the reporting persons, amends the statement on Form 4 (the "Original Form 4") for June 1999 filed jointly on July 12, 1999 (SEC File No. 001-13106) by the reporting persons and Gregory J. Hartman ("Hartman"). Hartman is a director of the issuer. Among other things, this amendment corrects a typographical error in Item 4 of the Original Form 4. Reference is made to the joint filing agreement and power of attorney of the reporting persons and certain affiliates (the "Joint Filing Agreement") attached as Exhibit 7.1 to Schedule 13D filed with the Securities and Exchange Commission in respect of the equity securities of Berkshire Realty Co., Inc. by Westbrook Real Estate Partners, L.L.C. ("WREP") and certain others on March 8, 1999. The Joint Filing Agreement is hereby incorporated herein by reference. (2) Pursuant to Rule 13d-4 promulgated under the Securities Exchange Act of 1934, as amended (the "Act"), (i) each of WREP, WREM I, Paul, Walton and Kazilionis disclaims beneficial ownership of all the securities reported on this statement, (ii) WREF I disclaims beneficial ownership of all securities reported on this statement in excess of its proportionate interest in the Preferred Stock and Common Stock reported hereon, and (iii) WRECIP I disclaims beneficial ownership of all securities reported on this statement in excess of its proportionate interest in the Preferred Stock and Common Stock reported hereon. (3) As of the beginning of the month covered by this statement on Form 4 (the "Reporting Period"), WREF I was the direct owner of 493,390 shares of Preferred Stock, and WRECIP I was the direct owner of 56,610 shares of Preferred Stock. During the Reporting Period, WREF I and WRECIP I caused the conversion of an aggregate of 365,313 shares of Preferred Stock into Common Stock (the "Conversion Common Stock"), as described under note (4) below. Pursuant to Rule 13d-3 promulgated under the Act, (a) as the sole general partner of WREF I and WRECIP I, WREM I may be deemed to own beneficially the Preferred Stock and Conversion Common Stock owned by WREF I and WRECIP I, (b) as the sole managing member of WREM I, WREP may be deemed to own beneficially the Preferred Stock and Conversion Common Stock owned by WREF I and WRECIP I, and (c) as managing members of WREP, each of Paul, Walton and Kazilionis may be deemed to own beneficially the Preferred Stock and Conversion Common Stock owned by WREF I and WRECIP I. Page 3 of 4 SEC 1473 (7-97) (4) On June 4, 1999, WREF I caused the conversion of 327,710 shares, and WRECIP I caused the conversion of 37,603 shares, of Preferred Stock into Common Stock. (5) The sale of 600,000 shares of Common Stock on June 3, 1999, reported in this statement on Form 4, settled on June 11, 1999. (6) The reporting persons may be deemed to have a beneficial interest in options granted to Hartman, as director of the issuer, pursuant to an agreement between Hartman and certain of the reporting persons. Page 4 of 4 SEC 1473 (7-97) -----END PRIVACY-ENHANCED MESSAGE-----