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- ------------------------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION ------------------------------
FORM 4 Washington, D.C. 20549 OMB Approval
- ------------------------- STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP ------------------------------
[X] Check this box if no OMB Number: 3235-0287
longer subject to Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Expires: September 30, 1998
Section 16. Form 4 Section 17(a) of the Public Utility Holding Company Act of 1935 or Estimated average burden
or Form 5 obligations Section 30(f) of the Investment Company Act of 1940 hours per response.......0.5
may continue. See ------------------------------
Instruction 1(b).
<CAPTION>
(Print or Type Responses)
<S> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
1. Name and Address of Reporting Person* 2. Issuer Name and Ticker 4. Statement for 6. Relationship of Reporting Person(s)
or Trading Symbol Month/Year to Issuer
Westbrook Real Estate (Check all applicable)
Partners, L.L.C.(1) Essex Property [ ] Director(1) [X] 10% Owner(2)
------------------------------------ Trust, Inc. -- ESS [ ] Officer (give [ ] Other
(Last) (First) (Middle) title below) (specify below)
599 Lexington Avenue, Suite 3800 ---------------------------------------
------------------------------------ -----------------------------------------------------------------------------------------
(Street) 3. I.R.S. Identification 5. If Amendment, 7. Individual or Joint/Group Filing
Number of Reporting Date of (Check Applicable Line)
Person, if an entity Original [ ] Form Filed by One Reporting
New York, NY 10022 (Voluntary) (Month/Year) Person
------------------------------------ [X] Form Filed by More than One
(City) (State) (Zip) 6/1999(1) Reporting Person(1)
- ------------------------------------------------------------------------------------------------------------------------------------
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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 Month (I) (Instr. 4)
Year) (Instr. 3 (Instr. 4)
and 4)
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Code V Amount (A) or (D) Price
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Common Stock, par value
$0.0001 per share
("Common Stock") 6/1/99 S 39,600 D $32.00 D,I(2)(3) (3)
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Common Stock 6/2/99 S 2,400 D $32.00 D,I(2)(3) (3)
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Common Stock 6/4/99 C(4) 417,500 A $21.875 D,I(2)(3) (3)
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Common Stock 6/3/99 S(5) 600,000 D $31.625 0 D,I(2)(3) (3)
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
Page 1 of 4
SEC 1474 (7-97)
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FORM 4 (continued)
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TABLE II -- DERIVATIVE SECURITIES 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.
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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8.75% $21.875 6/4/99 C(4) 365,313 Common 417,500 184,687 D,I(2)(3) (3)
Convertible Stock
Preferred
Stock,
Series 1996-A
"Preferred
Stock")
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Director $10.125 Common 5,000 D,I(2)(6) (6)
Stock Option Stock
(right to
purchase)
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Explanation of Responses: See Attachment A.
WESTBROOK REAL ESTATE PARTNERS, L.L.C.
** Intentional misstatements or omissions of
facts constitute Federal Criminal Violations.
See 18 U.S.C. and 15 U.S.C. 78ff(a). By: /S/ PATRICK K. FOX September 10, 1999
-------------------------------------- ---------------------------
Name: Patrick K. Fox Date
Title: Attorney-in-Fact
Note: File three copies of this Form, one of
which must be manually signed. If space
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.
Page 2 of 4
SEC 1474 (7-97)
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FORM 4 (continued)
NAME AND ADDRESS OF REPORTING PERSON: Westbrook Real Estate Partners, L.L.C.
599 Lexington Avenue, Suite 3800
New York, New York 10022
STATEMENT FOR MONTH/YEAR: 6/1999
ISSUER NAME AND TICKER OR TRADING SYMBOL: Essex Property Trust, Inc. - ESS
ATTACHMENT A
- ------------
(1) Names and addresses of additional joint filers:
1. Westbrook Real Estate Partners Management I, L.L.C. ("WREM I")
2. Westbrook Real Estate Fund I, L.P. ("WREF I")
3. Westbrook Real Estate Co-Investment Partnership I, L.P. ("WRECIP I")
4. Jonathan H. Paul ("Paul")
5. William H. Walton III ("Walton")
Each at: 599 Lexington Avenue, Suite 3800
New York, New York 10022
6. Paul D. Kazilionis ("Kazilionis")
284 South Beach Road
Hobe Sound, Florida 33455
This amendment, filed on behalf of the reporting persons, amends the statement
on Form 4 (the "Original Form 4") for June 1999 filed jointly on July 12, 1999
(SEC File No. 001-13106) by the reporting persons and Gregory J. Hartman
("Hartman"). Hartman is a director of the issuer. Among other things, this
amendment corrects a typographical error in Item 4 of the Original Form 4.
Reference is made to the joint filing agreement and power of attorney of the
reporting persons and certain affiliates (the "Joint Filing Agreement") attached
as Exhibit 7.1 to Schedule 13D filed with the Securities and Exchange Commission
in respect of the equity securities of Berkshire Realty Co., Inc. by Westbrook
Real Estate Partners, L.L.C. ("WREP") and certain others on March 8, 1999. The
Joint Filing Agreement is hereby incorporated herein by reference.
(2) Pursuant to Rule 13d-4 promulgated under the Securities Exchange Act of
1934, as amended (the "Act"), (i) each of WREP, WREM I, Paul, Walton and
Kazilionis disclaims beneficial ownership of all the securities reported on this
statement, (ii) WREF I disclaims beneficial ownership of all securities reported
on this statement in excess of its proportionate interest in the Preferred Stock
and Common Stock reported hereon, and (iii) WRECIP I disclaims beneficial
ownership of all securities reported on this statement in excess of its
proportionate interest in the Preferred Stock and Common Stock reported hereon.
(3) As of the beginning of the month covered by this statement on Form 4 (the
"Reporting Period"), WREF I was the direct owner of 493,390 shares of Preferred
Stock, and WRECIP I was the direct owner of 56,610 shares of Preferred Stock.
During the Reporting Period, WREF I and WRECIP I caused the conversion of an
aggregate of 365,313 shares of Preferred Stock into Common Stock (the
"Conversion Common Stock"), as described under note (4) below. Pursuant to Rule
13d-3 promulgated under the Act, (a) as the sole general partner of WREF I and
WRECIP I, WREM I may be deemed to own beneficially the Preferred Stock and
Conversion Common Stock owned by WREF I and WRECIP I, (b) as the sole managing
member of WREM I, WREP may be deemed to own beneficially the Preferred Stock and
Conversion Common Stock owned by WREF I and WRECIP I, and (c) as managing
members of WREP, each of Paul, Walton and Kazilionis may be deemed to own
beneficially the Preferred Stock and Conversion Common Stock owned by WREF I and
WRECIP I.
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SEC 1473 (7-97)
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(4) On June 4, 1999, WREF I caused the conversion of 327,710 shares, and
WRECIP I caused the conversion of 37,603 shares, of Preferred Stock into Common
Stock.
(5) The sale of 600,000 shares of Common Stock on June 3, 1999, reported in this
statement on Form 4, settled on June 11, 1999.
(6) The reporting persons may be deemed to have a beneficial interest in options
granted to Hartman, as director of the issuer, pursuant to an agreement between
Hartman and certain of the reporting persons.
Page 4 of 4
SEC 1473 (7-97)
