Sec Form 4 Filing - Emmett Dan A @ Douglas Emmett Inc - 2019-04-05

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Emmett Dan A
2. Issuer Name and Ticker or Trading Symbol
Douglas Emmett Inc [ DEI]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Chairman of the Board
(Last) (First) (Middle)
1299 OCEAN AVENUE, SUITE 1000
3. Date of Earliest Transaction (MM/DD/YY)
04/05/2019
(Street)
SANTA MONICA, CA90401
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 04/05/2019 J( 1 ) 40,000 A $ 0 1,289,870 ( 2 ) I See footnote 2.
Common Stock 05/08/2019 S 40,000 D $ 40.7817 ( 3 ) 1,249,870 ( 4 ) I See footnote 4.
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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 of Derivative Security: 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
Operating Partn ership Units $ 0 ( 5 ) 04/05/2019 J( 6 ) 40,000 ( 7 ) ( 7 ) Common Stock 40,000 $ 0 39,575 ( 8 ) I See footnote 8.
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Emmett Dan A
1299 OCEAN AVENUE
SUITE 1000
SANTA MONICA, CA90401
X Chairman of the Board
Signatures
/s/ Dan A. Emmett 05/09/2019
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Common stock ("Common Stock") of Issuer acquired by the Daniel W. Emmett Revocable Trust (the "DWE Trust") upon redemption and exchange of partnership common units ("OP Units") of Douglas Emmett Properties, LP, a Delaware limited partnership (the "Operating Partnership"). Upon the occurrence of certain events, OP Units are redeemable and may be exchanged without consideration, by the holder, for an equivalent number of shares ("Shares") of Common Stock or for the cash value of such Shares, at Issuer's option. Issuer is the sole stockholder of the general partner of the Operating Partnership.
( 2 )Common stock beneficially owned includes (i) an aggregate of 1,183,870 Shares held by the Dan A. Emmett Revocable Trust (the "Emmett Trust"), and (ii) 106,000 Shares held by certain trusts f/b/o Reporting Person's children of which Reporting Person is a trustee with sole voting and dispositive power but disclaims beneficial ownership therein.
( 3 )Represents the weighted average sales price. The Shares were sold at prices ranging from $40.68 to $40.92 per share. Full information regarding the number of Shares sold at each price shall be provided to the Securities and Exchange Commission staff, Issuer or any security holder, upon request.
( 4 )Common stock beneficially owned includes (i) an aggregate of 1,183,870 Shares held by the Emmett Trust, and (ii) 66,000 Shares held by certain trusts f/b/o Reporting Person's children of which Reporting Person is a trustee with sole voting and dispositive power but disclaims beneficial ownership therein.
( 5 )OP Units have an economic interest equivalent to one share of the Issuer's common stock. Upon the occurrence of certain events, OP Units are redeemable and may be exchanged, without consideration, by the holder for an equivalent number of Shares or for the cash value of such Shares, at Issuer's option.
( 6 )OP Units of the Operating Partnership tendered to Issuer by the DWE Trust for redemption and exchange in accordance with the terms of the Limited Partnership Agreement of the Operating Partnership.
( 7 )Not applicable.
( 8 )Reporting Person's derivative securities include (i) 3,422,104 OP Units of which 770,126 OP Units are held by certain trusts f/b/o Reporting Person's children and spouse (collectively, the "Family Trusts") of which Reporting Person is a trustee, (ii) 3,169 LTIP Units granted under Issuer's 2006 Omnibus Stock Incentive Plan, as amended, and (iii) 2,442 LTIP Units, 3,043 LTIP Units and 3,360 LTIP Units granted respectively in 2016, 2017 and 2018 pursuant to Issuer's 2016 Omnibus Stock Incentive Plan. Reporting Person disclaims beneficial ownership of OP Units held by the Family Trusts, except to the extent of his pecuniary interest, if any, therein.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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