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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 X 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 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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1. Name and Address of 2. Issuer Name and Ticker or Trading Symbol 6. Relationship of Reporting Person(s) to Issuer
Rerporting Person* (Check all applicable)
Essex Property Trust, Inc. -- ESS __ Director X 10% Owner(1)
__ Officer (give title below) __ Other (specify below)
Kazilionis Paul D.
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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) 12/1998 __ Form Filed by More than One Reporting
Person
284 South Beach Road
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(Street) 5. If Amendment,
Date of Original
(Month/Year)
Hobe Sound Florida 33455
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(City) (State) (Zip) Table I -- 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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Common Stock, par value 1/5/99 C4 100,000 A $21.875 I(2) (1)(2)
$0.0001 per share
("Common Stock")
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1/5/99 S4 7,800 D $30.3125 I(2) (1)(2)
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1/5/99 S4 21,100 D $30.25 I(2) (1)(2)
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1/6/99 S4 10,200 D $30.25 60,900 I(2) (1)(2)
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* If the form is filed by more than one reporting person, See Instruction 4(b)(v).
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<TABLE>
<CAPTION>
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 and 4) 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 1/5/99 C4 87,500 Common 100,000 1,512,500 I (1)(2)
Convertible Stock
Preferred Stock,
Series 1996-A
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Director Stock $10.125 10/11/98 L(3) 2,500 10/11/99 10/11/00 Common 2,500 I (1)(3)
Option (right Stock
to purchase)
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Director Stock 7/97 J5(3) 2,500 Common 2,500 5,000 I (1)(3)
Option (right Stock
to purchase)
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Explanation of Responses:
(1) Pursuant to Rule 13d-4 promulgated under the Securities Exchange Act of 1934, the reporting person disclaims beneficial
ownership of all securities reported on this statement.
(2) Owned of record by affiliates of Westbrook Real Estate Fund I, L.P. and Westbrook Real Estate Co-Investment Partnership I,
L.P., affiliates of the reporting person.
(3) The reporting person may be deemed to have a beneficial interest in options granted to Gregory J. Hartman ("Hartman"), as
director of the issuer, pursuant to an agreement between Hartman and certain affiliates of the reporting person.
** Intentional misstatements or omissions of /s/ Paul D. Kazilionis February 14, 1999
facts constitute Federal Criminal Violations -------------------------------------------- ------------------------------
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Paul D. Kazilionis Date
** Signature of Reporting Person
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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