Hudson Pacific Properties, Inc. — Director's Dealing 2012

Dec 12, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Hudson Pacific Properties, Inc. (HPP)
CIK: 0001482512
Period of Report: 2012-12-10

Reporting Person: Stern Howard Steven (Director, President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-12-10	Common Stock, par value $0.01	C	72500	—	Acquired	203190	Direct
2012-12-10	Common Stock, par value $0.01	S	72500	$19.87	Disposed	130690	Direct
2012-12-10	Common Stock, par value $0.01	S	7125	$19.87	Disposed	123565	Direct
2012-12-11	Common Stock, par value $0.01	S	27111	$19.96	Disposed	96454	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-12-10	Partnership Units	$	C	72500	Disposed		Common Stock, par value $0.01 (72500)	Direct

Footnotes

F1: The reporting person converted common units of limited partnership interest ("OP Units") of Hudson Pacific Properties, L.P., a Maryland Limited Partnership (the "Operating Partnership"), for shares of common stock of Hudson Pacific Properties, Inc. (the "Issuer"), all in accordance with the requirements of the Agreement of Limited Partnership of the Operating Partnership.

F2: OP Units are redeemable for cash equal to the current market value of one share of common stock, or, at the election of the Issuer, for shares of the Issuer's common stock on a one-for-one basis.

F3: Represents average sale price; exact sale prices range between $19.85 and $19.94.

F4: Represents average sale price; exact sale prices range between $19.85 and $20.02.

F5: 1 for 1.

F6: N/A