Martin Bussmann - 22 Dec 2022 Form 4 Insider Report for Paramount Group, Inc. (PGRE)

Role: Director
Signature: /s/ Gage Johnson as attorney-in-fact for Martin Bussmann
Issuer symbol: PGRE
Transactions as of: 22 Dec 2022
Net transactions value: +$748
Form type: 4
Filing time: 23 Dec 2022, 15:33:29 UTC
Previous filing: 16 May 2022
Next filing: 22 May 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PGRE	Common Stock	Options Exercise	$36,954	+6,317		$5.85	6,317	22 Dec 2022	Direct	F1
transaction	PGRE	Common Stock	Options Exercise	$41,383	+7,074	+112%	$5.85	13,391	22 Dec 2022	Direct	F1
transaction	PGRE	Common Stock	Options Exercise	$21,113	+3,609	+27%	$5.85	17,000	22 Dec 2022	Direct	F1
transaction	PGRE	Common Stock	Sale	$98,702	-17,000	-100%	$5.81	0	23 Dec 2022	Direct	F2

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	PGRE	LTIP Units	Options Exercise	$0	-6,317	-100%	$0.000000^*	0	22 Dec 2022	Common Stock	6,317	$5.85	Direct	F1
transaction	PGRE	LTIP Units	Options Exercise	$0	-7,074	-100%	$0.000000^*	0	22 Dec 2022	Common Stock	7,074	$5.85	Direct	F1
transaction	PGRE	LTIP Units	Options Exercise	$0	-3,609	-47%	$0.000000	4,025	22 Dec 2022	Common Stock	3,609	$5.85	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Common stock issued upon the redemption of an equal number of common units of limited partnership interest ("OP Unit") in Paramount Group Operating Partnership LP (the "Partnership"). Each OP Unit was acquired upon conversion of a vested LTIP Unit that was previously awarded pursuant to the Issuer's Amended and Restated 2014 Equity Incentive Plan. Such OP Units are generally not redeemable without the consent of the Issuer until two years from the date of the grant. The conversion feature of vested LTIP Units and the redemption rights for OP Units do not have expiration dates.
F2	This transaction was executed in multiple trades at prices ranging from $5.800 to $5.830. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

Content

Common stock issued upon the redemption of an equal number of common units of limited partnership interest ("OP Unit") in Paramount Group Operating Partnership LP (the "Partnership"). Each OP Unit was acquired upon conversion of a vested LTIP Unit that was previously awarded pursuant to the Issuer's Amended and Restated 2014 Equity Incentive Plan. Such OP Units are generally not redeemable without the consent of the Issuer until two years from the date of the grant. The conversion feature of vested LTIP Units and the redemption rights for OP Units do not have expiration dates.

This transaction was executed in multiple trades at prices ranging from $5.800 to $5.830. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.