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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Partnership Common Units | (3) | 08/11/2008 | C | 43,021 | 12/30/2007 | (4) | Common Stock | 43,021 | $ 0 (5) | 0 | D | ||||
Partnership Common Units (6) | (3) | 10/30/2008 | (4) | Common Stock | 25,375 | 25,375 | D | ||||||||
Long Term Incentive Plan Units | (7) | (8) | (4) | Common Stock | 76,125 | 76,125 | D | ||||||||
Long Term Incentive Plan Units | (7) | (9) | (4) | Common Stock | 13,146 | 13,146 | D | ||||||||
Employee Stock Options (right to buy) | $ 21 | (10) | 10/30/2016 | Common Stock | 386,667 | 386,667 | D | ||||||||
Employee Stock Options (right to buy) | $ 21.87 | (11) | 12/31/2017 | Common Stock | 152,117 | 152,117 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Kamer William 808 WILSHIRE BOULEVARD SUITE 200 SANTA MONICA, CA 90401 |
Chief Financial Officer |
/s/ William Kamer | 08/13/2008 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Represents exchange of Partnership Common Units ("OP Units") of Douglas Emmett Properties, LP, into common stock of Douglas Emmett, Inc. (the "Issuer"). OP Units are exchangeable for common stock of the Issuer on a one-for-one basis without consideration. |
(2) | Not including OP Units and Long Term Incentive Plan Units ("LTIP Units"). Including such securities, Reporting Person owns a total of 114,646 shares of Issuer's common stock equivalents after the reported transaction and has options covering an additional 538,784 shares. |
(3) | OP Units are exchangeable for common stock of the Issuer on a one-for-one basis without additional consideration. |
(4) | Not applicable. |
(5) | OP Units received in exchange for the direct or indirect contribution of property to Douglas Emmett Properties, LP, of which the Issuer is the sole stockholder of the general partner. The value of the OP Units was $21.00 per OP Unit as of the date of the contribution on October 30, 2006, based on the price of the Issuer's common stock at the time of Issuer's initial public offering. |
(6) | OP Units received July 2008 on conversion of vested and booked up LTIP Units in Douglas Emmett Properties, LP. |
(7) | LTIP Units are exchangeable for OP Units (and ultimately exchangeable for common stock of the Issuer) on a one-for-one basis. |
(8) | LTIP Units vest in four equal annual installments upon each anniversary of December 31, 2006, and, to the extent vested and booked up, are exchangeable into common stock on or after October 30, 2008. |
(9) | LTIP Units vest one-quarter on January 25, 2008, and one-quarter on each December 31 of 2008, 2009 and 2010, and, to the extent vested and booked up, are exchangeable into common stock of the Issuer on or after January 25, 2010. |
(10) | Options vest in four equal annual installments upon each anniversary of December 31, 2006. |
(11) | Options vest one-quarter on January 25, 2008, and one-quarter on each December 31 of 2008, 2009 and 2010. |