0000920522-11-000036.txt : 20111215
0000920522-11-000036.hdr.sgml : 20111215
20111215212212
ACCESSION NUMBER: 0000920522-11-000036
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: Burkart John F.
CENTRAL INDEX KEY: 0001492460
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-13106
FILM NUMBER: 111264755
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
0001492460
Burkart John F.
C/O ESSEX PROPERTY TRUST INC.
925 EAST MEADOW DRIVE
PALO ALTO
CA
94303
0
1
0
0
Executive Vice President
Series Z-1 Incentive Units
2011-12-06
4
J
0
7000
1
A
Series Z-1 Incentive Units
7000
7000
D
Stock options (right to purchase)
132.03
2011-12-06
4
A
0
5000
0
A
2021-12-06
Common Stock
5000
5000
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/ John F. Burkart
2011-12-15