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Filing Details

Accession Number:: 0001182489-10-000430
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2010-07-01 13:00:00
Reporting Period:: 2010-06-29

Filing Date:: 2010-07-01
Accepted Time:: 2010-07-01 13:03:07
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1482512	Hudson Pacific Properties Inc.	HPP	Real Estate (6500)	271430478

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
872574	F Thomas Steyer	C/O Farallon Capital Management, L.l.c. One Maritime Plaza, Suite 2100 San Francisco CA 94111	No	No	Yes	Yes
1040153	C/Ca L L Partners Farallon	C/O Farallon Capital Management, L.l.c., One Maritime Plaza, Suite 2100 San Francisco CA 94111	No	No	Yes	Yes
1245635	C Mark Wehrly	C/O Farallon Capital Management, L.l.c. One Maritime Plaza, Suite 2100 San Francisco CA 94111	No	No	Yes	Yes
1372968	M J Andrew Spokes	C/O Farallon Capital Management, L.l.c. One Maritime Plaza, Suite 2100 San Francisco CA 94111	No	No	Yes	Yes
1453042	Jr. G. Thomas Roberts	C/O Farallon Capital Management, L.l.c., One Maritime Plaza, Suite 2100 San Francisco CA 94111	No	No	Yes	Yes

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock, Par Value $0.01 Per Share	Acquisiton	2010-06-29	598,325	$0.00	598,325	No	4	J	Direct
Common Stock, Par Value $0.01 Per Share	Acquisiton	2010-06-29	332,619	$17.00	930,944	No	4	P	Direct
Common Stock, Par Value $0.01 Per Share	Acquisiton	2010-06-29	4,902,487	$0.00	4,902,487	No	4	J	Direct
Common Stock, Par Value $0.01 Per Share	Acquisiton	2010-06-29	653,062	$17.00	5,555,549	No	4	P	Direct
Common Stock, Par Value $0.01 Per Share	Acquisiton	2010-06-29	549,224	$0.00	549,224	No	4	J	Direct
Common Stock, Par Value $0.01 Per Share	Acquisiton	2010-06-29	73,143	$17.00	622,367	No	4	P	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	J	Direct
No	4	P	Direct
No	4	J	Direct
No	4	P	Direct
No	4	J	Direct
No	4	P	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock, Par Value $0.01 Per Share	Partnership Units	Acquisiton	2010-06-29	1,813,518	$0.00	1,813,518	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
1,813,518	2011-08-29		No	4	J	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock, Par Value $0.01 Per Share	7,108,860	Indirect	See Footnotes
Common Stock, Par Value $0.01 Per Share	7,108,860	Indirect	See Footnotes

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock, Par Value $0.01 Per Share	Partnership Units	$0.00	2011-08-29		1,813,518	1,813,518	Indirect
Common Stock, Par Value $0.01 Per Share	Partnership Units	$0.00	2011-08-29		1,813,518	1,813,518	Indirect

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
	1,813,518	1,813,518	Indirect
	1,813,518	1,813,518	Indirect

Footnotes

The entities and individuals identified in the footnotes of this Form 4 may be deemed members of a group holding equity securities of the Issuer. The filing of this Form 4 and any statements included herein shall not be deemed to be an admission that such entities and individuals are members of such group.
Since the number of reporting persons that may be listed on a Form 4 is limited, the entities and individuals listed in these footnotes that are not reporting persons on this Form 4 are filing additional Forms 4 on the date hereof as reporting persons with respect to the securities described herein (the "Parallel Forms 4"). Information regarding these entities and individuals is included in this Form 4 for purposes of clarification and convenience only, and is duplicative of the information reported in the Parallel Forms 4.
The amount of securities shown in this row is owned directly by Farallon Capital Partners, L.P. ("FCP").
The amount of securities shown in this row is owned directly by Farallon Capital Institutional Partners, L.P. ("FCIP").
The amount of securities shown in this row is owned directly by Farallon Capital Institutional Partners III, L.P. ("FCIP III" and, together with FCP and FCIP, the "Farallon Funds").
The amount of securities shown in this row is owned directly by the Farallon Funds.
As the general partner of each of the Farallon Funds, Farallon Partners, L.L.C. ("FPLLC") may be deemed to be a beneficial owner of the Issuer's securities held by the Farallon Funds. FPLLC disclaims any beneficial ownership of any of the Issuer's securities reported or noted herein for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "'34 Act"), or otherwise, except as to securities representing its pro rata interest in, and interest in the profits of, the Farallon Funds.
Each of Daniel J. Hirsch, Monica R. Landry, Davide Leone, Douglas M. MacMahon, Stephen L. Millham, Rajiv A. Patel, Thomas G. Roberts, Jr. and Mark C. Wehrly (collectively, the "Managing Members"), Andrew J.M. Spokes (the "Co-Senior Managing Member") and Thomas F. Steyer (the "Senior Managing Member"), as a managing member, co-senior managing member or senior managing member of FPLLC with the power to exercise investment discretion, may be deemed to be a beneficial owner of the Issuer's securities held by the Farallon Funds. Each of the Managing Members, the Co-Senior Managing Member and the Senior Managing Member disclaims any beneficial ownership of any of the Issuer's securities reported or noted herein for purposes of Section 16 of the '34 Act or otherwise, except to the extent of his or her pecuniary interest, if any.
As a managing member of FPLLC with the power to exercise investment discretion, Richard B. Fried may be deemed to be a beneficial owner of the Issuer's securities held by the Farallon Funds. As a director of the Issuer, Fried is filing a separate Form 4 on the date hereof to report his deemed beneficial ownership of the Issuer's securities held by the Farallon Funds. Fried disclaims any beneficial ownership of any of the Issuer's securities reported or noted herein for purposes of Section 16 of the '34 Act or otherwise, except to the extent of his pecuniary interest, if any.
Acquired in connection with the contribution by certain affiliates of the Farallon Funds to Hudson Pacific Properties, L.P., a Maryland limited partnership (the "Operating Partnership") of which the Issuer is the sole general partner, of their ownership interests in certain real property-owning entities.
Acquired in a private placement concurrent with the Issuer's initial public offering (the "IPO") at the IPO price of $17 per share.
Represents common units of limited partnership interest ("OP Units") in the Operating Partnership. OP Units are redeemable, beginning 14 months from the Transaction Date, for cash equal to the then-current market value of one share of the Issuer's common stock or, at the election of the Issuer, for shares of the Issuer's common stock on a one-to-one basis.
Not applicable.
The value of the OP Units was $17 per share as of the Transaction Date, based on the per-share price of the common stock of the Issuer issued to the public in the IPO.