Form Type: 4

SEC EDGAR Link
Acccession Number:0001482512-19-000147
Date:2019-12-29
Issuer: HUDSON PACIFIC PROPERTIES, INC. (HPP)
Original Submission Date:

Reporting Person:

VOUVALIDES ALEX
11601 WILSHIRE BLVD. SUITE 900
LOS ANGELES, CA 90066

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
COMMON STOCK, PAR VALUE $0.01 2019-12-29 F 10,745 d $37.33 120,195 direct
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
LTIP UNITS 0.0 2019-12-29 deemed execution date A 38,843 (a) common stock, par value $0.01 38,843 $0.00 38,843 direct
Footnotes
IDfootnote
f1 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"). 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.
f2 (continued from footnote 1) the ltip units were issued pursuant to the amended and restated hudson pacific properties, inc. and hudson pacific properties, l.p. 2010 incentive award plan, and will vest with respect to one-third of the ltip units on each of the first, second and third anniversaries of december 29, 2019, subject to the executive's continued service through the applicable vesting date. the ltip units also are subject to a mandatory holding period under which the executives generally cannot sell vested ltip units for an additional three years following the applicable vesting date.

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