Gage Johnson - Mar 23, 2023 Form 4 Insider Report for Paramount Group, Inc. (PGRE)

Role
SVP, GC and Secretary
Signature
/s/ Gage Johnson
Stock symbol
PGRE
Transactions as of
Mar 23, 2023
Transactions value $
$17,852
Form type
4
Date filed
3/27/2023, 04:51 PM
Previous filing
Jan 27, 2023
Next filing
Sep 12, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PGRE Common Stock Purchase $17.9K +4.5K $3.97 4.5K Mar 23, 2023 Direct
transaction PGRE Common Stock Conversion of derivative security $0 +3K +66.67% $0.00 7.5K Mar 23, 2023 Direct F1

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 Conversion of derivative security $0 -3K -3.5% $0.00 82.7K Mar 23, 2023 Common Stock 3K 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 issued on November 24, 2014 as one-time founders' grants in connection with the Issuer's initial public offering. 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.