Footnotes
ID | footnote |
f1 |
long term incentive plan units ("ltip units") in douglas emmett properties, lp, a de limited partnership (the "operating partnership") grantedpursuant to the 2016 omnibus stock incentive plan of douglas emmett, inc. ("issuer"). issuer is the sole stockholder of the general partner ofthe operating partnership. upon vesting, each ltip unit can be converted into one partnership common unit ("op unit") of the operatingpartnership, 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 beforfeited. upon the occurrence of certain events, op units are redeemable by the holder, without consideration, for an equivalent number ofshares of issuer's common stock or for the cash value of such shares, at issuer's election. |
f2 |
ltip units granted as part of reporting person's annual compensation for service as a director of issuer. |
f3 |
these ltip units vest one-quarter in equal installments on each of march 31, 2020, june 30, 2020, september 30, 2020, and december 31, 2020. |
f4 |
derivative securities owned by the reporting person include the ltip units reported herein, an additional 1,478 ltip units granted pursuant to issuer's 2016 omnibus stock incentive plan, and 3,435,167 op units. |