4//SEC Filing
Paes Wilbur N. 4
Accession 0000899243-20-001645
CIK 0001605607other
Filed
Jan 21, 7:00 PM ET
Accepted
Jan 22, 4:35 PM ET
Size
8.8 KB
Accession
0000899243-20-001645
Insider Transaction Report
Form 4
Paes Wilbur N.
SVP, Chief Accounting Officer
Transactions
- Award
LTIP Units
2020-01-17+80,214→ 80,214 total→ Common Stock (80,214 underlying) - Award
LTIP Units
2020-01-17+22,500→ 22,500 total→ Common Stock (22,500 underlying)
Footnotes (3)
- [F1]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.
- [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. 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.
- [F3]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.
Documents
Issuer
Paramount Group, Inc.
CIK 0001605607
Entity typeother
Related Parties
1- filerCIK 0001623530
Filing Metadata
- Form type
- 4
- Filed
- Jan 21, 7:00 PM ET
- Accepted
- Jan 22, 4:35 PM ET
- Size
- 8.8 KB