-----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, GhayWWoI6u5mlK5owZut9MQBW2NMsO0mvhjPvoLYVkvvaFPDEHa0rQ++bV0iC26Z sDyhkaHHVaP5V+uk0+N9cg== 0000920522-10-000020.txt : 20100520 0000920522-10-000020.hdr.sgml : 20100520 20100520182844 ACCESSION NUMBER: 0000920522-10-000020 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20100518 FILED AS OF DATE: 20100520 DATE AS OF CHANGE: 20100520 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: ZIMMERMAN CRAIG K CENTRAL INDEX KEY: 0001200100 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-13106 FILM NUMBER: 10848950 MAIL ADDRESS: STREET 1: C/O ESSEX PROPERTY TRUST STREET 2: 925 E MEADOW DR CITY: PALO ALTO STATE: CA ZIP: 94303 ISSUER: 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 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 4 1 primary_doc.xml PRIMARY DOCUMENT X0303 4 2010-05-18 0 0000920522 ESSEX PROPERTY TRUST INC ESS 0001200100 ZIMMERMAN CRAIG K C/O ESSEX PROPERTY TRUST 925 E MEADOW DR PALO ALTO CA 94303 0 1 0 0 Executive Vice President Series Z-1 Incentive Units 2010-05-18 4 J 0 11000 1 A Series Z-1 Incentive Units 11000 11000 D Represents the grant of Series Z-1 Incentive Units pursuant to the Essex Portfolio, L.P. Long Term Incentive Plan issued in May 2010. On January 1, 2011 there will be a 20% conversion ratchet if the FFO target of $4.75 is achieved. Subsequent vesting will be tied to the percentage increase in FFO with a minimum of 0% and a maximum of 14%. The 2010 Z-1 Units will be convertible into OP units at the earliest of 1) a change in control, 2) after the entire 2010 grant reaches a 100% conversion percentage, 3) on January 1, 2026 (no additional vesting to occur after 15 years). A capital contribution of $1.00 per series Z-1 Incentive Units. /s/ Craig K. Zimmerman 2010-05-20 -----END PRIVACY-ENHANCED MESSAGE-----