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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: December 31, 2001
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).
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(Print or Type Responses)
<S> <C> <C> <C>
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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
(Check all applicable)
Hartman Gregory J. Essex Property Trust, 1/2000 [ ] Director [ ] 10% Owner
------------------------------------ Inc. -- ESS [ ] Officer (give [X] Other
(Last) (First) (Middle) title below) (specify below)
Former Director (1)
345 California Street, Suite 3450 ---------------------------------------
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(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 [X] Form Filed by One Reporting Person
San Francisco California 94104 (Voluntary) (Month/Year) [ ] Form Filed by More than One
------------------------------------ Reporting Person
(City) (State) (Zip)
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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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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).
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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 Common 211,071 184,687 I(2)(3) (3)
Convertible Stock
Preferred
Stock, Series
1996-A "Pre-
ferred Stock"
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Director $30.375 4/27/99 J(4) 2,500 (4) 2/10/00 Common (4) 7,500 D(2)(4) (4)
Stock Option Stock
(right to
purchase)
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Explanation of Responses: See Attachment A.
** Intentional misstatements or omissions of
facts constitute Federal Criminal Violations.
See 18 U.S.C. and 15 U.S.C. 78ff(a). By: /S/ Gregory J. Hartman January 10, 2000
-------------------------------------- ---------------------------
Gregory J. Hartman Date
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.
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SEC 1475 (3-99)
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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: 1/2000
ISSUER NAME AND TICKER OR TRADING SYMBOL: Essex Property Trust, Inc. - ESS
ATTACHMENT A
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(1) The reporting person has resigned as director of the issuer, effective
January 1, 2000.
(2) Pursuant to Rule 13d-4 promulgated under the Securities Exchange Act of
1934, as amended (the "Act"), the reporting person disclaims beneficial
ownership of all the securities reported on this statement.
(3) Westbrook Real Estate Fund I, L.P. ("WREF I") and Westbrook Real Estate
Co-Investment Partnership I, L.P. ("WRECIP I") are the direct owners of the
Preferred Stock reported on this statement. Pursuant to Rule 13d-3
promulgated under the Act, (a) as the sole general partner of WREF I and
WRECIP I, Westbrook Real Estate Partners Management I, L.L.C. ("WREM I")
may be deemed to own beneficially the Preferred Stock owned by WREF I and
WRECIP I, (b) as the sole managing member of WREM I, Westbrook Real Estate
Partners, L.L.C. ("WREP") may be deemed to own beneficially the Preferred
Stock owned by WREF I and WRECIP I, and (c) as a managing member of WREP,
the reporting person may be deemed to own beneficially the Preferred Stock
owned by WREF I and WRECIP I.
(4) On April 27, 1999 the issuer granted options to the reporting person, as
director of the issuer, covering 2,500 shares of Common Stock. Such options
vest annually in equal thirds, commencing on the first anniversary of the
issue date, but they expire 30 days after the holder ceases to be a
director of the issuer. The reporting person has assigned all beneficial
interest in options granted to him, as director of the issuer, to WREF I
and WRECIP I, pursuant to an agreement among the reporting person, WREF I,
WRECIP I and certain affiliated persons.
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SEC 1475(3-99)
