0000920522-21-000013.txt : 20210115 0000920522-21-000013.hdr.sgml : 20210115 20210115195320 ACCESSION NUMBER: 0000920522-21-000013 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20210113 FILED AS OF DATE: 20210115 DATE AS OF CHANGE: 20210115 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: SCHALL MICHAEL J CENTRAL INDEX KEY: 0001198212 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-13106 FILM NUMBER: 21533498 MAIL ADDRESS: STREET 1: C/O ESSEX PROPERTY TRUST STREET 2: 1100 PARK PLACE, SUITE 200 CITY: SAN MATEO STATE: CA ZIP: 94403 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: 1100 PARK PLACE STREET 2: SUITE 200 CITY: SAN MATEO STATE: CA ZIP: 94403 BUSINESS PHONE: 6506557800 MAIL ADDRESS: STREET 1: 1100 PARK PLACE STREET 2: SUITE 200 CITY: SAN MATEO STATE: CA ZIP: 94403 FORMER COMPANY: FORMER CONFORMED NAME: ESSEX PORTFOLIO LP DATE OF NAME CHANGE: 20181211 FORMER COMPANY: FORMER CONFORMED NAME: ESSEX PROPERTY TRUST INC DATE OF NAME CHANGE: 19940318 4 1 wf-form4_161075838643552.xml FORM 4 X0306 4 2021-01-13 0 0000920522 ESSEX PROPERTY TRUST, INC. ESS 0001198212 SCHALL MICHAEL J C/O ESSEX PROPERTY TRUST 1100 PARK PLACE, SUITE 200 SAN MATEO CA 94403 0 1 0 0 President and CEO Common Stock 2021-01-13 4 A 0 6124 0 A 48233 D Common Stock 2021-01-13 4 F 0 4117 236.34 D 44116 D Common Stock 3113 I Held by spouse Operating Partnership Units 2020-12-24 5 G 0 E 97579 0 D Common Stock 0.0 0 D LTIP Units 2020-12-24 5 G 0 E 23363 0 D Common Stock 0.0 0 D Operating Partnership Units 2020-12-24 5 G 0 E 97579 0 A Common Stock 97579.0 97579 I By family partnership LTIP Units 2020-12-24 5 G 0 E 23363 0 A Common Stock 23363.0 23363 I By family partnership As determined on January 13, 2021, this amount of 6,124 represents all the remaining restricted stock units originally granted on December 7, 2017 that are now earned following the achievement of certain performance criteria based on the Issuer's relative total return to shareholders measured against an industry-specific index through December 7, 2020. Represents the number of shares of common stock withheld by the Company to satisfy tax withholding requirements in connection with the release of restricted stock units that were granted on December 7,2017. Essex Portfolio, L.P. ("EPLP") operating partnership units are exchangeable by the reporting person at any time for an equal number of shares of the issuer's common stock. EPLP operating partnership units have no expiration date. The reporting person transferred these Operating Partnership Units and LTIP Units, as applicable, to a family partnership. Represents LTIP Units in EPLP. Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes and subject to meeting certain vesting criteria, each LTIP Unit may be converted, at the election of the holder, into an EPLP operating partnership unit. Each EPLP operating partnership unit acquired upon conversion of an LTIP Unit may be converted into one share of the issuer's common stock. LTIP Units are generally not convertible without the consent of the issuer until two years from the date of the grant. The rights to convert LTIP Units into EPLP operating partnership units and to convert EPLP operating partnership units into shares of the issuer's common stock do not have expiration dates. Represents fully-vested LTIP Units granted on December 10, 2013 and December 9, 2014 and additional LTIP units earned on December 9, 2015. /s/ John Farias, Attorney in Fact 2021-01-15