Form Type: 4

SEC EDGAR Link
Accession Number:0000895345-22-000036
Date:2021-12-30
Issuer: DOUGLAS EMMETT INC (DEI)
Original Submission Date:

Reporting Person:

PANZER KENNETH M
1299 OCEAN AVENUE
SUITE 1000 SANTA MONICA, CA 90401

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
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 ExercisableExpiration 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
LONG TERM INCENTIVE PLAN UNITS 0.0 2021-12-30 deemed execution date A 349,941 (a) 2021-12-31 2031-12-30 common stock 349,941 $0.00 349,941 direct
Footnotes
IDfootnote
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 70% on december 31, 2021. the remaining 30% 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 416,108 ltip units previously granted pursuant to issuer's 2016 omnibus stock incentive plan, and 7,981,920 op units.
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