Adam W. Berry - 27 Oct 2021 Form 4 Insider Report for ESSEX PROPERTY TRUST, INC. (ESS)

Role
Executive Vice President & CIO
Signature
/s/ John Farias, Attorney in Fact
Issuer symbol
ESS
Transactions as of
27 Oct 2021
Net transactions value
-$1,219,893
Form type
4
Filing time
28 Oct 2021, 19:53:55 UTC
Next filing
02 Dec 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ESS Common Stock Options Exercise $2,883,711 +11,985 +419% $240.61 14,848 27 Oct 2021 Direct F1
transaction ESS Common Stock Sale $512,010 -1,500 -10% $341.34 13,348 27 Oct 2021 Direct F2
transaction ESS Common Stock Sale $2,327,032 -6,802 -51% $342.11 6,546 27 Oct 2021 Direct F3
transaction ESS Common Stock Sale $894,388 -2,608 -40% $342.94 3,938 27 Oct 2021 Direct F4
transaction ESS Common Stock Sale $301,210 -875 -22% $344.24 3,063 27 Oct 2021 Direct F5
transaction ESS Common Stock Sale $68,964 -200 -6.5% $344.82 2,863 27 Oct 2021 Direct F6

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 ESS Stock Option (Right to Purchase) Options Exercise $0 -11,985 -100% $0.000000* 0 27 Oct 2021 Common Stock 11,985 $240.61 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Under the terms of the stock options, the maximum value that the reporting person could receive is $100 per share. Accordingly, the value in excess of such amount, $1.78 per share, was remitted to the issuer by the reporting person in addition to the exercise price of $240.61.
F2 Represents the weighted average sale price for the number of shares sold. The actual sales prices range between $340.61 and $341.54. Detailed information on the exact number of shares sold at each sale price can be obtained from the issuer upon request.
F3 Represents the weighted average sale price for the number of shares sold. The actual sales prices range between $341.63 and $342.60. Detailed information on the exact number of shares sold at each sale price can be obtained from the issuer upon request.
F4 Represents the weighted average sale price for the number of shares sold. The actual sales prices range between $342.64 and $343.58. Detailed information on the exact number of shares sold at each sale price can be obtained from the issuer upon request.
F5 Represents the weighted average sale price for the number of shares sold. The actual sales prices range between $343.80 and $344.71. Detailed information on the exact number of shares sold at each sale price can be obtained from the issuer upon request.
F6 Represents the weighted average sale price for the number of shares sold. The actual sales prices range between $344.81 and $344.82. Detailed information on the exact number of shares sold at each sale price can be obtained from the issuer upon request.