Accession Number: | 0000895345-22-000030 |
Date: | 2021-12-30 |
Issuer: | DOUGLAS EMMETT INC (DEI) |
Original Submission Date: |
CRUMMY KEVIN ANDREW
1299 OCEAN AVENUE
SUITE 1000
SANTA MONICA, CA 90401
Title of Security | Transaction Date | 2a. Deemed Execution Date | Transaction Code | Shares | Acquired or Disposed | Price per share | 5. Amount of Securities Beneficially Owned Following Reported Transaction | 6. Ownership Form Direct or Indirect | Nature of Indirect Ownership |
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Title of Derivative Security | Conversion or Exercise Price of Derivative Security | Transaction Date | Deemed Execution Date | Transaction Code | Number of Derivative Securities Acquired (A) or Disposed of (D) | Date Exercisable | Expiration Date | Title and Amount of Securities Underlying Derivative Security | Price of Derivative Security | Number of derivative Securities Beneficially Owned Following Reported Transaction(s) | Ownership Form: Direct (D) or Indirect (I) | Nature of Indirect Beneficial Ownership |
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LONG TERM INCENTIVE PLAN UNITS | 0.0 | 2021-12-30 | deemed execution date | A | 62,278 (a) | 2021-12-31 | 2031-12-30 | common stock 62,278 | $0.00 | 62,278 | direct |
ID | footnote |
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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, each ltip unit can be converted into one partnership common unit ("op unit") of the operating partnership, which is ultimately exchangeable into common stock of issuer, only, if applicable, 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 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 25% on december 31, 2021. the remaining 75% of the ltip units vest in equal installments on december 31, 2022, 2023, and 2024. |
f3 | derivative securities owned by the reporting person include the ltip units reported herein, an additional 134,434 ltip units previously granted pursuant to issuer's 2016 omnibus stock incentive plan, and 381,297 op units. |