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Filing Details

Accession Number:: 0001104659-19-069158
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2019-12-02 21:00:17
Reporting Period:: 2019-11-27

Accepted Time:: 2019-12-02 21:00:17
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1605607	Paramount Group Inc.	PGRE	()	4

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1463104	Katharina Otto-Bernstein	C/O Paramount Group, Inc. 1633 Broadway, Suite 1801 New York NY 10019		Yes	No	Yes	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, Par Value $0.01 Per Share	Acquisiton	2019-11-27	11,213	$13.49	11,213	No	4	J	Indirect	By CNBB-RDF Holdings, LP
Common Stock, Par Value $0.01 Per Share	Disposition	2019-11-27	11,213	$13.49	0	No	4	S	Indirect	By CNBB-RDF Holdings, LP
Common Stock, Par Value $0.01 Per Share	Acquisiton	2019-11-27	33,363	$13.49	12,164,852	No	4	P	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	J	Indirect	By CNBB-RDF Holdings, LP
No	4	S	Indirect	By CNBB-RDF Holdings, LP
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	2019-11-27	13,342	$13.49	13,342	$0.00
Common Stock	Partnership Units	Disposition	2019-11-27	13,342	$13.49	13,342	$0.00
Common Stock	Partnership Units	Acquisiton	2019-11-27	39,698	$13.49	39,698	$0.00

Remaning Holdings	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
13,342	No	4	J	Indirect
0	No	4	S	Indirect
56,948	No	4	P	Direct

Footnotes

On November 27, 2019, CNBB-RDF Holdings, LP, a limited partnership in which the reporting person has direct and indirect ownership interests ("CNBB"), acquired 33,363 shares of common stock of Paramount Group, Inc. (the "Issuer") in private transactions from certain individuals, which transactions valued such shares at $13.49 per share, in satisfaction of amounts due under promissory notes previously entered into by such individuals in favor of CNBB. Following such transactions, on November 27, 2019, the reporting person acquired the 33,363 shares of common stock of the Issuer from CNBB in a private transaction.
Represents common units of limited partnership interest ("OP Units") in Paramount Group Operating Partnership LP (the "Operating Partnership"). Each OP Unit is currently redeemable 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.
On November 27, 2019, CNBB acquired 39,698 OP Units in private transactions from certain individuals, which transactions valued such units at $13.49 per unit, in satisfaction of amounts due under promissory notes previously entered into by such individuals in favor or CNBB. Following such transactions, on November 27, 2019, the reporting person acquired the 39,698 OP Units from CNBB in a private transaction.
Includes 17,250 OP Units previously acquired by the reporting person upon the automatic conversion of LTIP Units in the Operating Partnership that had been previously granted to the reporting person by the Operating Partnership. Excludes 22,232 LTIP Units in the Operating Partnership currently owned by the reporting person.