Douglas Emmett, Inc. (NYSE:DEI) Files An 8-K Other Events

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Douglas Emmett, Inc. (NYSE:DEI) Files An 8-K Other Events
Item 8.01 Other Events

The Dan A. Emmett Revocable Trust (the “Trust”) previously established a pre-arranged stock trading plan (the “Expiring Plan”), under which Merrill Lynch, Pierce Fenner & Smith Incorporated (“Merrill Lynch”) has acted as agent to effect sales under the Expiring Plan of shares of common stock of Douglas Emmett, Inc. (the “Company”) without the direction of Dan A. Emmett, Chairman of the Board of the Company. Mr. Emmett is the trustee of the Trust.
The Expiring Plan contemplated the monthly sales of 100,000 shares of the common stock of the Company per month and expires in December 2016. Accordingly, as of November 23, 2016, the Trust established a new pre-arranged stock trading plan (the “Extended Plan”), with Merrill Lynch as agent, to continue to effect sales (without the direction of Mr. Emmett) of 100,000 shares of the common stock of the Company per month during the period starting on January 19, 2017 and ending on December 29, 2017. The shares of the common stock of the Company to be sold under the Extended Plan aggregate to less than a quarter of the common stock equivalents currently beneficially owned by Mr. Emmett.
The Extended Plan is designed to comply with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and the insider trading policies of the Company. There can be no assurance that any shares will be sold under the Extended Plan.
The information being furnished to this Item 8.01 shall not be deemed “filed” for any purpose including for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section. The information in this Current Report on Form 8-K shall not be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act regardless of any general incorporation language in such filing. Except as may be required by law, the Company does not undertake to report on specific Rule 10b5-1 pre-planned stock trading plans of Company officers, nor to report modifications or terminations of the Plan or the plan of any other individual.

About Douglas Emmett, Inc. (NYSE:DEI)

Douglas Emmett, Inc. is a self-administered and self-managed real estate investment trust. The Company is owner and operator of office and multifamily properties located in submarkets in California and Hawaii. The Company operates in two segments: the acquisition, development, ownership and management of office real estate, and the acquisition, development, ownership and management of multifamily real estate. The services for its office segment include primarily rental of office space and other tenant services, including parking and storage space rental. The services for its multifamily segment include primarily rental of apartments and other tenant services, including parking and storage space rental. It focuses on owning, acquiring developing and managing a substantial share of office properties and multifamily communities in neighborhoods.

Douglas Emmett, Inc. (NYSE:DEI) Recent Trading Information

Douglas Emmett, Inc. (NYSE:DEI) closed its last trading session down -0.54 at 36.69 with 917,077 shares trading hands.