4//SEC Filing
Zobel David 4
Accession 0000899243-20-001646
CIK 0001605607other
Filed
Jan 21, 7:00 PM ET
Accepted
Jan 22, 4:36 PM ET
Size
11.3 KB
Accession
0000899243-20-001646
Insider Transaction Report
Form 4
Zobel David
See Remarks
Transactions
- Award
LTIP Units
2020-01-17+11,628→ 11,628 total→ Common Stock (11,628 underlying) - Award
LTIP Units
2020-01-17+11,300→ 11,300 total→ Common Stock (11,300 underlying) - Award
LTIP Units
2020-01-17+40,107→ 40,107 total→ Common Stock (40,107 underlying)
Footnotes (4)
- [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 issued pursuant to the Issuer's 2014 Equity Incentive Plan in connection with a cash bonus exchange election made by the reporting person. The LTIP Units vest 40% on February 15, 2021, 40% on February 15, 2022, and 20% on February 15, 2023, subject to continued employment.
- [F4]LTIP Units earned upon the achievement of the performance hurdles pursuant to the 2016 Performance Program. Of the 11,300 LTIP Units, 5,650 LTIP Units vested on January 14, 2020 and the remaining 5,650 LTIP Units will vest on December 31, 2020.
Documents
Issuer
Paramount Group, Inc.
CIK 0001605607
Entity typeother
Related Parties
1- filerCIK 0001744696
Filing Metadata
- Form type
- 4
- Filed
- Jan 21, 7:00 PM ET
- Accepted
- Jan 22, 4:36 PM ET
- Size
- 11.3 KB