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Amended and Restated
FORM 5
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FORM 5
__ Check this box if no __ Form 3 Holdings
longer subject to Reported
Section 16. Form 4
or Form 5 obligations __ Form 4 Transactions
may continue. See Reported
Instruction 1(b).
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act (the "Act")
of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935
or Section 30(f) of the Investment Company Act of 1940.
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OMB Approval
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OMB Number: 3235-0362
Expires: September 30, 1998
Estimated average burden
hours per response....1.0
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<TABLE>
<CAPTION>
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1. Name and Address of 2. Issuer Name and Ticker or Trading Symbol 6. Relationship of Reporting Person(s) to Issuer
Reporting Person* (Check all applicable)
X Director __ 10% Owner
Hartman Gregory J. Essex Property Trust, Inc. __ Officer (give title below) __ Other (specify below)
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(Last) (First) (Middle) 3. IRS or Social 4. Statement for 7. Individual or Joint/Group Reporting
Security Number of Month/Year (check applicable line)
Reporting Person X Form Filed by One Reporting Person
(Voluntary) December 1996 Form Filed by More than One Reporting
Person
777 California Avenue
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(Street) 5. If Amendment,
Date of Original
(Month/Year)
Palo Alto, CA 94304 December 1996
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(City) (State) (Zip) Table 1 -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
<S> <C> <C> <C> <C> <C> <C>
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1. Title of Security 2. Trans- 3. Transaction 4. Securities Acquired (A) 5. Amount of 6. Ownership 7. Nature of
(Instr. 3) action Code (Instr. or Disposed of (D) Securities Form: Indirect
Date 8) (Instr. 3, 4 and 5) Beneficially Direct (D) Beneficial
(Month/ Owned at end or Indirect Ownership
Day/ of Issuer's (I) (Instr. 4)
Year) Fiscal Year (Instr. 4)
(Instr. 3 and 4
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Amount (A) or (D) Price
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</TABLE>
<PAGE>
<TABLE>
FORM 5 (continued) Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
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1. Title 2. Conver- 3. Trans- 4. Trans- 5. Number of 6. Date 7. Title 8. Price 9. Number 10. Owner- 11. Nature of
of sion or action action Derivative Exer- and of of ship Indirect
Deri- Exercise Date Code Securities cisable Amount Deri- deri- Form Beneficial
vative Price of (Instr. Acquired (A) and Expi- of vative vative of Deri- Ownership
Secu- Deri- (Month/ 8) or Disposed ration Under- Secu- Secu- vative (Instr. 4)
rity vative Day/ of (D) Date Lying rity rities Security
(Instr. Security Year) (Instr. 3, (Month/ Securi- (Instr. Benefi- Direct
3) 4, and 5) Day/ ties 5) cially (D) or
Year) (Instr. Owned Indirect
3 and4) at End (I)
of (Instr.
Year 4)
(Instr.
4)
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(A) (D) Date Expir- Title Amount
Exerci- ation or
sable Date Number
of
Shares
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8.75% $21.875 (1)(2) 3(1) 400,000 6/20/97 None Com- 410,087 $21.875 I(2) (2)
Convertible per mon per
Preferred share Stock, share
Stock, Series par
1996A value
$0.0001
per
share
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8.75% $21.875 (1)(2) 3(1) 400,000 9/20/97 None Com- 410,087 $21.875 I(2) (2)
Convertible per mon per
Preferred share Stock, share
Stock, Series par
1996A value
$0.0001
per
share
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8.75% $21.875 (1)(2) 3(1) 400,000 12/20/97 None Com- 410,087 $21.875 I(2) (2)
Convertible per mon per
Preferred share Stock, share
Stock, Series par
1996A value
$0.0001
per
share
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8.75% $21.875 (1)(2) 3(1) 400,000 3/20/98 None Com- 410,087 $21.875 I(2) (2)
Convertible per mon per
Preferred share Stock, share
Stock, Series par
1996A value
$0.0001
per
share
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Explanation of Responses:
(1) The reporting person became a director of Essex Property Trust, Inc. on
July 1, 1996.
(2) The 8.75% Convertible Preferred Stock, Series 1996A was acquired directly
by Westbrook Real Estate Fund I, L.P. ("WREF I") and Westbrook Real Estate
Co-Investment Partnership I, L.P. ("WRECIP I") on July 1, 1996. The sole
general partner of each of WREF I and WRECIP I is Westbrook Real Estate
Partners Management I, L.L.C. ("WREM"). The sole managing member of WREM is
Westbrook Real Estate Partners, L.L.C. ("WREP"). The reporting person is a
managing member of WREP. The reporting person states that this filing on
Form 5 shall not be deemed an admission that he is, for purposes of Section
16 of the Act or otherwise, the beneficial owner of the 8.75% Convertible
Preferred Stock, Series 1996A.
** Intentional misstatements or omissions of /s/ Gregory J. Hartman april 13, 1998
facts constitute Federal Criminal -------------------------------------------- ------------------------------
Violations ** Signature of Reporting Person Date
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one
of which must be manually signed.
If space provided is insufficient,
see Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB number.
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