0001616175-15-000001.txt : 20150106 0001616175-15-000001.hdr.sgml : 20150106 20150106203239 ACCESSION NUMBER: 0001616175-15-000001 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20150105 FILED AS OF DATE: 20150106 DATE AS OF CHANGE: 20150106 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: Farias John CENTRAL INDEX KEY: 0001616175 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-13106 FILM NUMBER: 15511875 MAIL ADDRESS: STREET 1: C/O STARWOOD WAYPOINT RESIDENTIAL TRUST STREET 2: 1999 HARRISON STREET, 24TH FLOOR CITY: OAKLAND STATE: CA ZIP: 94612 4 1 primary_doc.xml PRIMARY DOCUMENT X0306 4 2015-01-05 0 0000920522 ESSEX PROPERTY TRUST INC ESS 0001616175 Farias John C/O ESSEX PROPERTY TRUST 925 EAST MEADOW DRIVE PALO ALTO CA 94303 0 1 0 0 Group Vice President and CAO LTIP Units 2015-01-05 4 A 0 1250 0 A Common Stock 1250 1250 D LTIP Units 2015-01-05 4 A 0 625 0 A Common Stock 625 625 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. 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. 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 750 LTIP Units also granted on January 5, 2015 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. 250 of the LTIP Units granted were vested upon grant. 375 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 375 LTIP Units also granted on January 5, 2015 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. s/ John Farias 2015-01-06