Michele L. Aronson - Sep 7, 2023 Form 3 Insider Report for Douglas Emmett Inc (DEI)

Role
EVP, GEN COUNSEL & SECY
Signature
/s/ Peter Seymour , Attorney-in-Fact for Michele L. Aronson
Stock symbol
DEI
Transactions as of
Sep 7, 2023
Transactions value $
$0
Form type
3
Date filed
9/12/2023, 07:37 PM
Next filing
Dec 29, 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
holding DEI Long Term Incentive Plan Units Sep 7, 2023 Common Stock 93.8K $0.00 Direct F1, F2
holding DEI Long Term Incentive Plan Units Sep 7, 2023 Common Stock 29.7K $0.00 Direct F1, F3
holding DEI Long Term Incentive Plan Units Sep 7, 2023 Common Stock 13.9K $0.00 Direct F1, F4
holding DEI Long Term Incentive Plan Units Sep 7, 2023 Common Stock 22.8K $0.00 Direct F1
holding DEI Operating Partnership Units Sep 7, 2023 Common Stock 271K $0.00 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents 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 of the Operating Partnership ("OP Unit"), 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 of the LTIP Unit will be forfeited.
F2 The LTIP Units vest in three substantially equal installments on each of December 31, 2023, 2024 and 2025, subject to continued service.
F3 The LTIP Units vest in two equal installments on each of December 31, 2023 and 2024, subject to continued service.
F4 The LTIP Units vest on December 31, 2023, subject to continued service.
F5 Represents OP Units that were originally granted as LTIPs and have satisfied all vesting and other conditions for conversion into OP Units. Following 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, and do not have an expiration date.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney