0000920522-11-000035.txt : 20111215 0000920522-11-000035.hdr.sgml : 20111215 20111215211548 ACCESSION NUMBER: 0000920522-11-000035 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20111206 FILED AS OF DATE: 20111215 DATE AS OF CHANGE: 20111215 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Dance Michael T CENTRAL INDEX KEY: 0001318689 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-13106 FILM NUMBER: 111264752 MAIL ADDRESS: STREET 1: C/O ESSEX PROPERTY TRUST, INC. STREET 2: 925 EAST MEADOW DRIVE 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 X0304 4 2011-12-06 0 0000920522 ESSEX PROPERTY TRUST INC ESS 0001318689 Dance Michael T C/O ESSEX PROPERTY TRUST, INC. 925 EAST MEADOW DRIVE PALO ALTO CA 94303 0 1 0 0 Executive V.P./CFO Series Z-1 Incentive Units 2011-12-06 4 J 0 2000 1 A Series Z-1 Incentive Units 2000 2000 D Stock Option (right to purchase) 132.03 2011-12-06 4 A 0 12500 0 A 2021-12-06 Common Stock 12500 12500 D Represents the grant of Series Z-1 Incentive Units in Essex Portfolio, L.P. ("EPLP") in December 2011. On January 1, 2012, there will be a 10% conversion ratchet percentage for such units if the FFO target for Essex Property Trust, Inc. is achieved. Thereafter, the conversion ratchet percentage will be increased each year if certain defined criteria are met. These Z-1 Units generally will be convertible into operating partnership units in EPLP at the earliest of a change in control or after the entire 2011 grant reaches a 100% conversion ratchet percentage. A capital contribution of $1.00 per Series Z-1 Incentive Unit. 10% of these options vested on December 6, 2011, the date of grant, and thereafter 1/60 of the options vest each month. /s/ Michael T. Dance 2011-12-15