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Filing Details

Accession Number:: 0001209191-14-071611
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2014-11-26 18:37:11
Reporting Period:: 2014-11-24

Filing Date:: 2014-11-26
Accepted Time:: 2014-11-26 18:37:11
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1605607	Paramount Group Inc.	PGRE	Real Estate Investment Trusts (6798)	320439307

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1170994	Peter Linneman	C/O Paramount Group, Inc. 1633 Broadway, Suite 1801 New York NY 10019		Yes	No	No	No

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	Explanation
Common Stock	Acquisiton	2014-11-24	30,000	$17.50	30,000	No	4	P	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
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	Partnership Units	Acquisiton	2014-11-24	7,518	$0.00	7,518	$0.00
Common Stock	LTIP Units	Acquisiton	2014-11-24	5,714	$0.00	5,714	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
7,518	2016-01-24		No	4	J	Direct
5,714			No	4	A	Direct

Footnotes

Represents shares of common stock purchased in the Issuer's initial public offering.
Represents common units of limited partnership interest ("OP Units") in Paramount Group Operating Partnership LP (the "Operating Partnership"). Each OP Unit is redeemable, beginning January 24, 2016, 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. These redemption rights have no expiration date.
OP Units distributed, on a pro-rata basis, to the reporting person from a private equity real estate fund controlled by the Issuer's predecessor. The OP Units were issued to the private equity real estate fund in exchange for assets as part of the Issuer's formation transactions.
LTIP Units issued pursuant to the Issuer's 2014 Equity Incentive Plan. The LTIP Units vest on the earlier of (i) one year from the date of grant and (ii) the date of the first annual meeting of stockholders following the grant date, subject to continued services as a director through such date.
Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes, each vested LTIP Unit may be converted, at the election of the holder, into an OP Unit. 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 rights to convert vested LTIP Units into OP Units and redeem OP Units do not have expiration dates.