UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check this box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
1. Name and Address of Reporting Person
CARPENTER, GLENN L.
563 PASEO GANADO
ANAHEIM, CA 92807
USA
2. Issuer Name and Ticker or Trading Symbol
PACIFIC GULF PROPERTIES INC.
PAG
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
JUNE 30, 2000
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(X) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
CHAIRMAN OF THE BOARD, CHIEF EXECUTIVE OFFICER AND PRESIDENT
7. Individual or Joint/Group Filing (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
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<CAPTION>
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Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
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1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect |
| Transaction | or Disposed of (D) | Securities |ect | Beneficial Ownership |
| | | | Beneficially |(D)or | |
| | | | | A/| | Owned at |Indir | |
| Date |Code|V| Amount | D | Price | End of Month |ect(I)| |
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<S> <C> <C> <C><C> <C> <C> <C> <C> <C>
COMMON STOCK |6/15/0|M | |65,000 SHARES |A |$18.25 | |D | |
|0 | | | | | | | | |
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COMMON STOCK |6/15/0|M | |8,000 SHARES |A |$15.00 | |D | |
|0 | | | | | | | | |
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COMMON STOCK |6/15/0|M | |1,800 SHARES |A |$16.75 | |D | |
|0 | | | | | | | | |
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COMMON STOCK |6/15/0|M | |21,000 SHARES |A |$23.125 | |D | |
|0 | | | | | | | | |
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COMMON STOCK |6/15/0|M | |26,000 SHARES |A |$22.625 | |D | |
|0 | | | | | | | | |
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COMMON STOCK |6/15/0|M | |33,333 SHARES |A |$20.75 | |D | |
|0 | | | | | | | | |
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COMMON STOCK |6/15/0|M | |8,000 SHARES |A |$19.9375 | |D | |
|0 | | | | | | | | |
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COMMON STOCK |6/15/0|M | |3,000 SHARES |A |$18.9375 | |D | |
|0 | | | | | | | | |
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Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
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1.Title of Derivative |2.Con- |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of|
Security |version |Transaction | rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect |
|or Exer | | | rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|Price of| | | posed of(D) |Day/Year) | |rity |Benefi |or | |
|Deriva- | | | |Date |Expir| | |ficially |Ind| |
|tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| |
|Secu- | | | | | D |cisa-|Date | of Shares | |End of |ct | |
|rity |Date |Code|V| Amount | |ble | | | |Month |(I)| |
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<S> <C> <C> <C> <C><C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Employee ISO (Right to|$18.25 |6/15/|M | |D |D |(1) |2/16/|Common Stock|65,000 | | |D | |
Buy) | |00 | | | | | |04 | | | | | | |
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Employee ISO (Right to|$15.00 |6/15/|M | |D |D |(2) |12/4/|Common Stock|8,000 | | |D | |
Buy) | |00 | | | | | |05 | | | | | | |
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Employee ISO (Right to|$16.75 |6/15/|M | |D |D |(2) |6/30/|Common Stock|1,800 | | |D | |
Buy) | |00 | | | | | |06 | | | | | | |
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Employee ISO (Right to|$23.125 |6/15/|M | |D |D |(2) |3/4/0|Common Stock|21,000 | | |D | |
Buy) | |00 | | | | | |7 | | | | | | |
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Employee ISO (Right to|$22.625 |6/15/|M | |D |D |(2) |11/30|Common Stock|26,000 | | |D | |
Buy) | |00 | | | | | |/07 | | | | | | |
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Employee ISO (Right to|$20.75 |6/15/|M | |D |D |(2) |9/7/0|Common Stock|33,333 | | |D | |
Buy) | |00 | | | | | |9 | | | | | | |
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Employee ISO (Right to|$19.9375|6/15/|M | |D |D |(2) |12/8/|Common Stock|8,000 | | |D | |
Buy) | |00 | | | | | |08 | | | | | | |
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Employee ISO (Right to|$18.9375|6/15/|M | |D |D |(2) |3/17/|Common Stock|3,000 | | |D | |
Buy) | |00 | | | | | |09 | | | | | | |
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| | | | | | | | | | | | | | |
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</TABLE>
Explanation of Responses:
(1) Immediate vesting as of
2/17/94
(2) Options vest in five equal installments beginning 12/5/95, 6/31/96, 3/5/97,
12/1/97, 9/8/99, 12/9/98 and 3/18/99, respectively
SIGNATURE OF REPORTING PERSON
/s/ GLENN L. CARPENTER
DATE
JUNE 30, 2000
