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Amended and Restated
FORM 4
__ Check this box if no
longer subject to
Section 16. Form 4
or Form 5 obligations
may continue. See
Instruction 1(b).
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
(the "Act"), 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: 3235-0287
Expires: September 30, 1998
Estimated average burden
hours per response....0.5
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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. -ESS __ Officer (give title below) __ Other (specify below)
Chief Executive Officer & President
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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) July 1997 __ 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 July 1997
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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 Month (I) (Instr. 4)
Year) (Instr. 3 and 4 (Instr. 4)
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Code V Amount (A) or (D) Price
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<TABLE>
FORM 4 (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.
Month 4)
(Instr.
4)
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Code V (A) (D) Date Expir- Title Amount
Exerci- ation or
sable Date Number
of
Shares
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Director $29.25 June 1997 J(1) 2,500(1) /29/98 5/28/07 Com- 2,500 2,500 D
Stock Option mon
(right to buy) Stock
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8.75% 1,600,000(2) I(2)
Convertible
Preferred Stock,
Series 1996A(2)
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Explanation of Responses:
(1) Grant of option to buy 2,500 shares of Common Stock at $29.25 per
share, exercisable after 5/29/98.
(2) Preferred Stock directly owned by Westbrook Real Estate Fund I., L.P.
("WREF I") and Westbrook Real Estate Co-Investment Partnership I, L.P.
(WRECIP I").
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 4
shall not be deemed an admission that he is, for purposes of Section 16 of the
Act or otherwise, the beneficial owner of the Preferred Stock.
** 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. 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 form
displays a currently valid OMB number.
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