Jordan L. Kaplan - Dec 12, 2024 Form 4 Insider Report for Douglas Emmett Inc (DEI)

Role
President and CEO, Director
Signature
/s/ Peter Seymour, Attorney-in-Fact for Jordan L. Kaplan
Stock symbol
DEI
Transactions as of
Dec 12, 2024
Transactions value $
$0
Form type
4
Date filed
12/13/2024, 09:18 PM
Previous 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
transaction DEI Long Term Incentive Plan Units Award $0 +599K $0.00 599K Dec 12, 2024 Common Stock 599K $0.00 Direct F1, F2, F3
* 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 based on achievement of a specified percentage increase in Gross Asset Values of the assets of the Operating Partnership, each LTIP Unit can be converted into one partnership common unit ("OP Unit") of the Operating Partnership on a one-for-one basis. 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 vest 70% on December 31, 2024. The remaining 30% of the LTIP Units vest in equal installments on December 31, 2025, 2026, and 2027.
F3 Derivative securities owned by the Reporting Person include the LTIP Units reported herein, an additional 662,620 LTIP Units previously granted pursuant to the Issuer's 2016 Omnibus Stock Incentive Plan, and 10,092,357 OP Units.