4//SEC Filing
Paes Wilbur N. 4
Accession 0000899243-19-015479
CIK 0001605607other
Filed
Jun 3, 8:00 PM ET
Accepted
Jun 4, 4:35 PM ET
Size
6.4 KB
Accession
0000899243-19-015479
Insider Transaction Report
Form 4
Paes Wilbur N.
SVP, Chief Accounting Officer
Transactions
- Award
LTIP Units
2019-06-03+190,259→ 190,259 total→ Common Stock (190,259 underlying)
Footnotes (2)
- [F1]Represents LTIP Units issued pursuant to an employment agreement dated as of May 31, 2019, between the reporting person and the Issuer. The LTIP Units will be subject to cliff vesting based on continued employment through the fifth anniversary following the date of grant.
- [F2]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. LTIP Units are generally not convertible 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.
Documents
Issuer
Paramount Group, Inc.
CIK 0001605607
Entity typeother
Related Parties
1- filerCIK 0001623530
Filing Metadata
- Form type
- 4
- Filed
- Jun 3, 8:00 PM ET
- Accepted
- Jun 4, 4:35 PM ET
- Size
- 6.4 KB