0001140361-14-044986.txt : 20141211
0001140361-14-044986.hdr.sgml : 20141211
20141211185436
ACCESSION NUMBER: 0001140361-14-044986
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20141209
FILED AS OF DATE: 20141211
DATE AS OF CHANGE: 20141211
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
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: 141281862
MAIL ADDRESS:
STREET 1: C/O ESSEX PROPERTY TRUST
STREET 2: 925 E MEADOW DRIVE
CITY: PALO ALTO
STATE: CA
ZIP: 94303
4
1
doc1.xml
FORM 4
X0306
4
2014-12-09
0
0000920522
ESSEX PROPERTY TRUST INC
ESS
0001198212
SCHALL MICHAEL J
C/O ESSEX PROPERTY TRUST
925 EAST MEADOW DRIVE
PALO ALTO
CA
94303
0
1
0
0
President and CEO
LTIP Units
2014-12-09
4
A
0
6250
0.00
A
Common Stock
6250
6250
D
LTIP Units
2014-12-09
4
A
0
3125
0.00
A
Common Stock
3125
3125
D
LTIP Units
2014-12-10
4
A
0
5400
0.00
A
Common Stock
5400
9000
D
Represents LTIP Units in Essex Portfolio, L.P.
Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes and vesting as described in footnote 3 below, each LTIP Unit may be converted, at the election of the holder, into a unit of limited partnership interest in Essex Portfolio, L.P. (a "Common Unit"). Each Common Unit acquired upon conversion of an LTIP Unit may be converted into one share of Common Stock of the Issuer. 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 Common Units and to convert Common Units into shares of Common Stock do not have expiration dates.
2,500 of the LTIP Units granted are scheduled to vest 20% on each of the first five anniversaries of December 9, 2014, subject to continued employment through such dates. 3,750 of the LTIP Units granted are scheduled to vest 20% on each of the first five anniversaries of December 9, 2014, subject to continued employment through such dates and the achievement of certain performance criteria based on the Issuer's total return to shareholders through December 9, 2015. In accordance with applicable Form 4 reporting requirements, the foregoing excludes 3,750 LTIP Units also granted on December 9, 2014 that are scheduled to vest 20% on each of the first five anniversaries of December 9, 2014, subject to continued employment through such dates and the achievement of certain performance criteria based on the Issuer's relative total return to shareholders measured against an industry-specific index through December 9, 2015.
1,250 of the LTIP Units granted were vested upon grant. 1,875 of the LTIP Units granted are scheduled to vest based on the achievement of certain performance criteria based on the Issuer's total return to shareholders through December 9, 2015. In accordance with applicable Form 4 reporting requirements, the foregoing excludes 1,875 LTIP Units also granted on December 9, 2014 that are scheduled to vest based on the achievement of certain performance criteria based on the Issuer's relative total return to shareholders measured against an industry-specific index through December 9, 2015.
Represents LTIP Units granted on December 10, 2013 that were earned on December 10, 2014 based on the achievement of certain performance criteria based on the Issuer's relative total return to shareholders measured against industry-specific indices through December 10, 2014. These LTIP Units are scheduled to vest 25% on each of the first four anniversaries of December 10, 2013, subject to continued employment through such dates.
/s/ Michael T. Dance, Attorney in Fact
2014-12-11