0000899243-20-001645.txt : 20200122 0000899243-20-001645.hdr.sgml : 20200122 20200122163526 ACCESSION NUMBER: 0000899243-20-001645 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20200117 FILED AS OF DATE: 20200122 DATE AS OF CHANGE: 20200122 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Paes Wilbur N. CENTRAL INDEX KEY: 0001623530 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36746 FILM NUMBER: 20539270 MAIL ADDRESS: STREET 1: PARAMOUNT GROUP, INC. STREET 2: 1633 BROADWAY CITY: NEW YORK STATE: NY ZIP: 10018 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Paramount Group, Inc. CENTRAL INDEX KEY: 0001605607 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 320439307 FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 1633 BROADWAY, SUITE 1801 CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 212-237-3100 MAIL ADDRESS: STREET 1: 1633 BROADWAY, SUITE 1801 CITY: NEW YORK STATE: NY ZIP: 10019 4 1 doc4.xml FORM 4 SUBMISSION X0306 4 2020-01-17 0 0001605607 Paramount Group, Inc. PGRE 0001623530 Paes Wilbur N. C/O PARAMOUNT GROUP, INC. 1633 BROADWAY, SUITE 1801 NEW YORK NY 10019 0 1 0 0 EVP, CFO and Treasurer LTIP Units 2020-01-17 4 A 0 80214 0.00 A Common Stock 80214 80214 D LTIP Units 2020-01-17 4 A 0 22500 0.00 A Common Stock 22500 22500 D LTIP Units issued pursuant to the Issuer's 2014 Equity Incentive Plan. The LTIP Units vest in four equal installments on each of February 15, 2021, 2022, 2023 and 2024, subject to continued employment. Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes, each vested LTIP Unit will be converted automatically into a common unit of limited partnership interest ("OP Unit") in Paramount Group Operating Partnership LP. Each OP Unit acquired upon conversion of a vested LTIP Unit may be presented for redemption, at the election of the holder, for cash equal to the then fair market value of one share of the Issuer's common stock, except that the Issuer may, at its election, acquire each OP Unit so presented for one share of common stock. Such OP Units are generally not redeemable without the consent of the Issuer until two years from the date of the grant. The conversion feature of vested LTIP Units and the redemption rights for OP Units do not have expiration dates. LTIP Units earned upon the achievement of the performance hurdles pursuant to the 2016 Performance Program. Of the 22,500 LTIP Units, 11,250 LTIP Units vested on January 14, 2020 and the remaining 11,250 LTIP Units will vest on December 31, 2020. /s/ Gage Johnson as attorney-in-fact for Wilbur N. Paes 2020-01-22