FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
Douglas Emmett Inc [ DEI ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 01/10/2014 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
Common Stock | 01/10/2014 | M | 120,000 | A(1) | $0(2) | 3,058,257 | I(3) | See footnote 3. |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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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 Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Partnership Common Units(4) | $0 | 01/10/2014 | M(5) | 120,000 | (2) | (2) | Common Stock | 120,000 | $0 | 8,939,384(6) | I | See footnote 6. |
Explanation of Responses: |
1. Shares acquired by Rivermouth Partners, a California limited partnership(the "Rivermouth"), upon redemption of OP Units (defined below). The Dan A. Emmett Revocable Living Trust (the "Trust"), of which the Reporting Person is the sole trustee, is the general partner of Rivermouth. See also footnote 4. |
2. Not applicable. |
3. Ownership: 2,397,507 Shares owned by the Trust; 120,000 shares owned by Rivermouth and disclaimed by the Reporting Person except to the extent of his pecuniary interest therein; 468,750 Shares owned by the Emmett Foundation, a California charitable organization, and disclaimed by Reporting Person; 72,000 Shares owned by certain trusts for the benefit of Reporting Person's spouse and children of which the Reporting Person is a trustee and has voting and investment power but disclaims beneficial ownership. See also footnote 6. |
4. Partnership common units ("OP Units") of Douglas Emmett Properties, LP, a Delaware limited partnership (the "Operating Partnership") held by Rivermouth. Issuer is the sole stockholder of the general partner of the Operating Partnership. |
5. In accordance with the provisions of the Limited Partnership Agreement of the Operating Partnership, upon the occurence of certain events, OP Units are redeemable, without consideration, by the holder for an equivalent number of shares of Issuer's common stock (the "Common Stock"), or for the cash value of such Common Stock, at Issuer's election. |
6. Ownership: (i) 6,827,833 OP Units held by the Trust and a community property trust, (ii) 1,297,288 OP Units held by Rivermouth, and (iii) 810,126 OP Units held by trusts f/n/o the Reporting Person's spouse and children ("Family Trusts"). Reporting Person disclaims OP Units held by Rivermouth and the Family Trusts except to the extent of his pecuniary interest therein. Reporting Person also holds (i) 274,355 vested stock options, and (ii) 13,847 long term incentive plan units ("LTIPs") of the Operating Partnership, some of which are subject to vesting. Upon the occurence of certain events, LTIPs are redeemable, without consideration, by the holder for an equivalent number Shares or the cash value of such Shares, at Issuer's election. |
/s/ Dan A. Emmett | 01/14/2014 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* 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). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
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 Number. |