Thomas E. O. Hern - Dec 27, 2022 Form 4 Insider Report for Douglas Emmett Inc (DEI)

Role
Director
Signature
/s/ Peter Seymour, as Attorney-in-Fact for Thomas E. O'Hern
Stock symbol
DEI
Transactions as of
Dec 27, 2022
Transactions value $
$0
Form type
4
Date filed
12/29/2022, 05:45 PM
Previous filing
Sep 26, 2022
Next filing
Jan 4, 2023

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction DEI Long Term Incentive Plan Units Award $0 +15.2K $0.00 15.2K Dec 27, 2022 Common Stock 15.2K $0.00 Direct F1, F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Long term incentive plan units ("LTIP Units") in Douglas Emmett Properties, LP, a DE limited partnership (the "Operating Partnership") granted pursuant to the 2016 Omnibus Stock Incentive Plan of Douglas Emmett, Inc. ("Issuer"). Issuer is the sole stockholder of the general partner of the Operating Partnership. Upon vesting and certain additional criteria, each LTIP Unit can be converted into one partnership common unit ("OP Unit") of the Operating Partnership, which is ultimately exchangeable into common stock of Issuer, only, if applicable, after achievement of a specified percentage increase in Gross Asset Values of the assets of the Operating Partnership. LTIP Units not converted into OP Units within 10 years of the grant date will be forfeited. Upon the occurrence of certain events, OP Units are redeemable by the holder, without consideration, for an equivalent number of shares of Issuer's common stock or for the cash value of such shares, at Issuer's election.
F2 LTIP Units granted as part of Reporting Person's annual compensation for service as a director of Issuer.
F3 LTIP Units vest in one-quarter equal installments on January 1, 2023, April 1, 2023, July 1, 2023, and October 1, 2023.
F4 Derivative securities owned by the Reporting Person include the LTIP Units reported herein, an additional 9,133 LTIP Units previously granted pursuant to Issuer's 2016 Omnibus Stock Incentive Plan, and 64,777 OP Units.