0001482512-24-000038.txt : 20240301
0001482512-24-000038.hdr.sgml : 20240301
20240301160947
ACCESSION NUMBER: 0001482512-24-000038
CONFORMED SUBMISSION TYPE: 4/A
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240101
FILED AS OF DATE: 20240301
DATE AS OF CHANGE: 20240301
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: LAMMAS MARK T
CENTRAL INDEX KEY: 0001246348
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4/A
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-34789
FILM NUMBER: 24709747
MAIL ADDRESS:
STREET 1: 11601 WILSHIRE BLVD.
STREET 2: SUITE 1600
CITY: LOS ANGELES
STATE: CA
ZIP: 90025
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Hudson Pacific Properties, Inc.
CENTRAL INDEX KEY: 0001482512
STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE [6500]
ORGANIZATION NAME: 05 Real Estate & Construction
IRS NUMBER: 271430478
STATE OF INCORPORATION: MD
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 11601 WILSHIRE BLVD.
STREET 2: NINTH FLOOR
CITY: LOS ANGELES
STATE: CA
ZIP: 90025
BUSINESS PHONE: (310) 445-5700
MAIL ADDRESS:
STREET 1: 11601 WILSHIRE BLVD.
STREET 2: NINTH FLOOR
CITY: LOS ANGELES
STATE: CA
ZIP: 90025
4/A
1
wk-form4a_1709327369.xml
FORM 4/A
X0508
4/A
2024-01-01
2024-01-03
0
0001482512
Hudson Pacific Properties, Inc.
HPP
0001246348
LAMMAS MARK T
11601 WILSHIRE BLVD. SUITE 900
LOS ANGELES
CA
90025
0
1
0
0
President
0
LTIP Units
2024-01-01
4
A
0
890585
A
Common Stock, par value $.01
890585
890585
D
LTIP Units are a class of limited partnership units in Hudson Pacific Properties, L.P. (the "Operating Partnership"), the operating partnership of Hudson Pacific Properties, Inc. (the "Company") and are granted pursuant to the Hudson Pacific Properties, Inc. and Hudson Pacific Properties, L.P. 2010 Incentive Award Plan. Initially, LTIP Units do not have full parity with common limited partnership units of the Operating Partnership ("Common Units") with respect to liquidating distributions. If such parity is reached, vested LTIP Units may be converted into an equal number of Common Units at any time thereafter, and, upon conversion, enjoy all the rights of Common Units. Common Units are redeemable for cash based on the fair market value of an equivalent number of shares of Common Stock, or, at the election of the Company, an equal number of shares of Common Stock, each subject to adjustment in the event of stock splits, specified extraordinary distributions or similar events.
Represents an award of performance-based LTIP units that will vest upon the satisfaction of both performance and service-based requirements. The LTIP Units may be earned based upon the performance of the Company's stock price from January 1, 2026 through December 31, 2030. The quantity reported represents the maximum quantity of LTIP units that may be earned. As such, fewer LTIP units may ultimately be earned based on actual results over the performance period. The earned LTIP Units will satisfy the service-based requirement in increments of 60%, 20% and 20% on January 1, 2027, January 1, 2028 and January 1, 2029, respectively, subject to continued service with the Company. There is a mandatory holding period prohibiting the transfer of any vested LTIP Units and the conversion of vested LTIP units into Common Units, in each case, for an additional two years following the applicable LTIP Unit vesting date.
The rights to convert LTIP Units into Common Units and redeem Common Units for cash or shares of Common Stock do not have expiration dates.
/s/ Mark Thomas Lammas
2024-03-01