Key facts
- This page summarizes Feinberg David T.'s Form 4 filing for Douglas Emmett Inc (DEI).
- 1 reported transaction and 1 derivative row are listed below.
- Accepted by SEC: 29 Dec 2023, 19:34.
Key filing fact
Ownership activity is grounded in SEC Form 4 disclosures.
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
Award
Additional SEC filing notes
Footnote 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.
Footnote F2
LTIP Units granted as part of Reporting Person's annual compensation for service as a director of Issuer.
Footnote F3
LTIP Units vest in one-quarter equal installments on January 1, 2024, April 1, 2024, July 1, 2024, and October 1, 2024.
Footnote F4
Derivative securities owned by the Reporting Person include the LTIP Units reported herein, an additional 11,902 LTIP Units previously granted pursuant to Issuer's 2016 Omnibus Stock Incentive Plan, and 72,394 OP Units.