Schedule 13G

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No.     )

 

 

 

Douglas Emmett, Inc.

(Name of Issuer)

 

 

 

Common Stock

(Title of Class Securities)

 

25960P 10 9

(CUSIP Number)

 

December 31, 2011

(Date of Event Which Requires Filing of this Statement)

 

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

x Rule 13d-1(b)

¨ Rule 13d-1(c)

¨ Rule 13d-1(d)

The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be ‘filed’ for the purpose of Section 18 of the Securities Exchange Act of 1934 (‘Act’) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 


CUSIP No. 25960P 10 9  

 

  1.   

Names of Reporting Persons

 

Sumitomo Mitsui Trust Holdings, Inc.

  2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)  ¨        (b)  ¨

 

  3.  

SEC Use Only

 

  4.  

Citizenship or Place of Organization

 

Japan

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

   5.    

Sole Voting Power:

 

6,979,759

   6.   

Shared Voting Power:

 

0

   7.   

Sole Dispositive Power:

 

94,007

   8.   

Shared Dispositive Power:

 

0

  9.

 

Aggregate Amount Beneficially Owned by Each Reporting Person:

 

6,979,759

10.

 

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

11.

 

Percent of Class Represented by Amount in Row (9):

 

5.5%(1)

12.

 

Type of Reporting Person (See Instructions)

 

HC, FI

 

(1)

Based on an aggregate number of common shares of beneficial interest outstanding of 127,816,384 as of October 31, 2011 as reported by the Issuer in its quarterly report for the period ended September 30, 2011 filed on Form 10-Q on November 4, 2011.

 

2


CUSIP No. 25960P 10 9  

 

  1.   

Names of Reporting Persons

 

STB Asset Management Co., Ltd.

  2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)  ¨        (b)  ¨

 

  3.  

SEC Use Only

 

  4.  

Citizenship or Place of Organization

 

Japan

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

   5.    

Sole Voting Power:

 

43,820

   6.   

Shared Voting Power:

 

0

   7.   

Sole Dispositive Power:

 

43,820

   8.   

Shared Dispositive Power:

 

0

  9.

 

Aggregate Amount Beneficially Owned by Each Reporting Person:

 

43,820

10.

 

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

11.

 

Percent of Class Represented by Amount in Row (9):

 

Less than 0.1%(1)

12.

 

Type of Reporting Person (See Instructions)

 

IV, FI

 

(1)

Based on an aggregate number of common shares of beneficial interest outstanding of 127,816,384 as of October 31, 2011 as reported by the Issuer in its quarterly report for the period ended September 30, 2011 filed on Form 10-Q on November 4, 2011.

 

3


CUSIP No. 25960P 10 9  

 

  1.   

Names of Reporting Persons

 

Nikko Asset Management Co., Ltd.

  2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)  ¨        (b)  ¨

 

  3.  

SEC Use Only

 

  4.  

Citizenship or Place of Organization

 

Japan

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

   5.    

Sole Voting Power:

 

6,920,137

   6.   

Shared Voting Power:

 

0

   7.   

Sole Dispositive Power:

 

34,385(1)

   8.   

Shared Dispositive Power:

 

0

  9.

 

Aggregate Amount Beneficially Owned by Each Reporting Person:

 

6,920,137

10.

 

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

11.

 

Percent of Class Represented by Amount in Row (9):

 

5.4%(2)

12.

 

Type of Reporting Person (See Instructions)

 

IV, FI

 

(1)

The Reporting Person does not have dispositive power over the remaining 6,885,752 shares it beneficially owns.

 

(2)

Based on an aggregate number of common shares of beneficial interest outstanding of 127,816,384 as of October 31, 2011 as reported by the Issuer in its quarterly report for the period ended September 30, 2011 filed on Form 10-Q on November 4, 2011.

 

4


CUSIP No. 25960P 10 9  

 

  1.   

Names of Reporting Persons

 

Chuo Mitsui Asset Trust and Banking Company, Limited

  2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)  ¨        (b)  ¨

 

  3.  

SEC Use Only

 

  4.  

Citizenship or Place of Organization

 

Japan

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

   5.    

Sole Voting Power:

 

12,902

   6.   

Shared Voting Power:

 

0

   7.   

Sole Dispositive Power:

 

12,902

   8.   

Shared Dispositive Power:

 

0

  9.

 

Aggregate Amount Beneficially Owned by Each Reporting Person:

 

12,902

10.

 

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

11.

 

Percent of Class Represented by Amount in Row (9):

 

Less than 0.1%(1)

12.

 

Type of Reporting Person (See Instructions)

 

IV, FI

 

(1)

Based on an aggregate number of common shares of beneficial interest outstanding of 127,816,384 as of October 31, 2011 as reported by the Issuer in its quarterly report for the period ended September 30, 2011 filed on Form 10-Q on November 4, 2011.

 

5


CUSIP No. 25960P 10 9  

 

  1.   

Names of Reporting Persons

 

Chuo Mitsui Asset Management Company, Limited

  2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)  ¨        (b)  ¨

 

  3.  

SEC Use Only

 

  4.  

Citizenship or Place of Organization

 

Japan

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

   5.    

Sole Voting Power:

 

2,900

   6.   

Shared Voting Power:

 

0

   7.   

Sole Dispositive Power:

 

2,900

   8.   

Shared Dispositive Power:

 

0

  9.

 

Aggregate Amount Beneficially Owned by Each Reporting Person:

 

2,900

10.

 

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

11.

 

Percent of Class Represented by Amount in Row (9):

 

Less than 0.1%(1)

12.

 

Type of Reporting Person (See Instructions)

 

IV, FI

 

(1) 

Based on an aggregate number of common shares of beneficial interest outstanding of 127,816,384 as of October 31, 2011 as reported by the Issuer in its quarterly report for the period ended September 30, 2011 filed on Form 10-Q on November 4, 2011.

 

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Item 1.

 

(a) Name of Issuer
   Douglas Emmett, Inc.

 

(b) Address of Issuer’s Principal Executive Offices

808 Wilshire Boulevard

Suite 200

Santa Monica, CA 90401

United States

 

Item 2.

 

(a) Name of Persons Filing

Sumitomo Mitsui Trust Holdings, Inc. (“SMTH”)

STB Asset Management Co., Ltd. (“STB”)

Nikko Asset Management Co., Ltd. (“Nikko”)

Chuo Mitsui Asset Trust and Banking Company, Limited (“CMAT”)

Chuo Mitsui Asset Management Company, Limited (“CMAM”)

 

(b) Address of Principal Business Office or, if none, Residence

SMTH:

GranTokyo South Tower, 9-2

Marunouchi 1-chome

Chiyoda-ku

Tokyo 100-6615

Japan

STB:

3-1

Yesu 2-Chome

Chuo-Ku

Tokyo 104-0028

Japan

Nikko:

7-1

Akasaka 9-chome

Minato-Ku

Tokyo 107-6242

Japan

CMAT:

23-1

Shiba 3-chome

Minato-Ku

Tokyo 105-8574

Japan

CMAM:

 

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23-1

Shiba 3-chome

Minato-Ku

Tokyo 105-8574

Japan

 

(c) Citizenship Japan
(d) Title of Class of Securities Common Stock
(e) CUSIP Number 25960P 10 9

 

Item 3. If this statement is filed pursuant to §§240.13d-1(b), or 240.13d-2(b) or (c), check whether the person filing is a:

 

SMTH:

  

 

(a)

  ¨        Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

(b)

  ¨        Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

(c)

  ¨        Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

(d)

  ¨        Investment company registered under section 8 of the Investment Company Act of 1940(15 U.S.C. 80a-8).

(e)

  ¨        An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E);

(f)

  ¨        An employee benefit plan or endowment fund in accordance with 240.13d- 1(b)(1)(ii)(F);

(g)

  ¨        A parent holding company or control person in accordance with 240.13d- 1(b)(1)(ii)(G);

(h)

  ¨        A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i)

  ¨        A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

(j)

  x        A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J);

(k)

  ¨        Group, in accordance with 240.13d- 1(b)(1)(ii)(K).
    If filing as a non-U.S. institution in accordance with 240.13d- 1(b)(1)(ii)(J), please specify the type of institution: A parent holding company or control person.

STB:

(a)

  ¨        Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

(b)

  ¨        Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

(c)

  ¨        Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

(d)

  ¨        Investment company registered under section 8 of the Investment Company Act of 1940(15 U.S.C. 80a-8).

(e)

  ¨        An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E);

(f)

  ¨        An employee benefit plan or endowment fund in accordance with 240.13d- 1(b)(1)(ii)(F);

(g)

  ¨        A parent holding company or control person in accordance with 240.13d- 1(b)(1)(ii)(G);

 

8


(h)

  ¨        A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i)

  ¨        A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

(j)

  x        A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J);

(k)

  ¨        Group, in accordance with 240.13d- 1(b)(1)(ii)(K).
    If filing as a non-U.S. institution in accordance with 240.13d- 1(b)(1)(ii)(J), please specify the type of institution: An investment company.

Nikko:

(a)

  ¨        Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

(b)

  ¨        Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

(c)

  ¨        Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

(d)

  ¨        Investment company registered under section 8 of the Investment Company Act of 1940(15 U.S.C. 80a-8).

(e)

  ¨        An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E);

(f)

  ¨        An employee benefit plan or endowment fund in accordance with 240.13d- 1(b)(1)(ii)(F);

(g)

  ¨        A parent holding company or control person in accordance with 240.13d- 1(b)(1)(ii)(G);

(h)

  ¨        A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i)

  ¨        A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

(j)

  x        A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J);

(k)

  ¨        Group, in accordance with 240.13d- 1(b)(1)(ii)(K).
    If filing as a non-U.S. institution in accordance with 240.13d- 1(b)(1)(ii)(J), please specify the type of institution: An investment company.

CMAT:

(a)

  ¨        Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

(b)

  ¨        Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

(c)

  ¨        Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

(d)

  ¨        Investment company registered under section 8 of the Investment Company Act of 1940(15 U.S.C. 80a-8).

(e)

  ¨        An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E);

(f)

  ¨        An employee benefit plan or endowment fund in accordance with 240.13d- 1(b)(1)(ii)(F);

(g)

  ¨        A parent holding company or control person in accordance with 240.13d- 1(b)(1)(ii)(G);

(h)

  ¨        A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i)

  ¨        A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

(j)

  x        A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J);

 

9


 

(k)

   ¨         Group, in accordance with 240.13d- 1(b)(1)(ii)(K).
      If filing as a non-U.S. institution in accordance with 240.13d- 1(b)(1)(ii)(J), please specify the type of institution: An investment company.

CMAM:

(a)

   ¨         Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

(b)

   ¨         Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

(c)

   ¨         Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

(d)

   ¨         Investment company registered under section 8 of the Investment Company Act of 1940(15 U.S.C. 80a-8).

(e)

   ¨         An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E);

(f)

   ¨         An employee benefit plan or endowment fund in accordance with 240.13d- 1(b)(1)(ii)(F);

(g)

   ¨         A parent holding company or control person in accordance with 240.13d- 1(b)(1)(ii)(G);

(h)

   ¨         A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i)

   ¨         A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

(j)

   x         A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J);

(k)

   ¨         Group, in accordance with 240.13d- 1(b)(1)(ii)(K).
      If filing as a non-U.S. institution in accordance with 240.13d- 1(b)(1)(ii)(J), please specify the type of institution: An investment company.

 

Item 4. Ownership

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

 

SMTH:

  

 
(a)   

Amount beneficially owned:

     6,979,759     

(b)

   Percent of class:      5.5  

(c)

   Number of shares as to which the person has:     
  

(i)     Sole power to vote or to direct the vote:

     6,979,759     
  

(ii)    Shared power to vote or to direct the vote

     0     
  

(iii)  Sole power to dispose or to direct the disposition of:

     94,007     
  

(iv)   Shared power to dispose or to direct the disposition of:

     0     

STB:

    
(a)   

Amount beneficially owned:

     43,820     

(b)

   Percent of class:      Less than 0.1  

(c)

   Number of shares as to which the person has:     
  

(i)     Sole power to vote or to direct the vote:

     43,820     
  

(ii)    Shared power to vote or to direct the vote

     0     

 

10


  

(iii)  Sole power to dispose or to direct the disposition of:

   43,820   
  

(iv)   Shared power to dispose or to direct the disposition of:

   0   
Nikko:      

(a)    

   Amount beneficially owned:    6,920,137   

(b)    

  

Percent of class:

   5.4%   

(c)    

   Number of shares as to which the person has:      
  

(i)     Sole power to vote or to direct the vote:

   6,920,137   
  

(ii)    Shared power to vote or to direct the vote

   0   
  

(iii)  Sole power to dispose or to direct the disposition of:

  

34,385*

  
  

(iv)   Shared power to dispose or to direct the disposition of:

   0   

*       The Reporting Person does not have dispositive power over the remaining 6,885,752 shares it beneficially owns.

CMAT:      
(a) Amount beneficially owned:    12,902   
(b) Percent of class:    Less than 0.1%   
(c) Number of shares as to which the person has:      
   (i) Sole power to vote or to direct the vote:    12,902   
   (ii) Shared power to vote or to direct the vote    0   
   (iii) Sole power to dispose or to direct the disposition of:    12,902   
   (iv) Shared power to dispose or to direct the disposition of:    0   
CMAM:      
(a) Amount beneficially owned:    2,900   
(b) Percent of class:    Less than 0.1%   
(c) Number of shares as to which the person has:      
  

(i)     Sole power to vote or to direct the vote:

   2,900   
  

(ii)    Shared power to vote or to direct the vote

   0   
  

(iii)  Sole power to dispose or to direct the disposition of:

   2,900   
  

(iv)   Shared power to dispose or to direct the disposition of:

   0   

Item 5. Ownership of Five Percent or Less of a Class

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following. [ ].

Not applicable.

Item 6. Ownership of More than Five Percent on Behalf of Another Person.

Not applicable.

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person.

 

11


As of December 31, 2011, SMTH beneficially owns 6,979,759 share of the Issuer indirectly through its subsidiaries as follows:

 

(a) STB Asset Management Co., Ltd. – 43,820

 

(b) Nikko Asset Management Co., Ltd. – 6,920,137

 

(c) Chuo Mitsui Asset Trust and Banking Company, Limited – 12,902

 

(d) Chuo Mitsui Asset Management Company, Limited – 2,900

Each subsidiary listed above is classified as a non-U.S. institution (investment company) in accordance with 240.13d-1(b)(1)(ii)(J).

 

Item 8. Identification and Classification of Members of the Group

Not applicable.

 

Item 9. Notice of Dissolution of Group

Not applicable.

 

Item 10. Certification

By signing below the filers certify that, to the best of their knowledge and belief, the foreign regulatory schemes applicable to Sumitomo Mitsui Trust Holdings, Inc., STB Asset Management Co., Ltd., Nikko Asset Management Co., Ltd., Chuo Mitsui Asset Trust and Banking Company, Limited and Chuo Mitsui Asset Management Company, Limited, respectively, are substantially comparable to the functionally equivalent U.S. institutions. The filers also undertake to furnish to the Commission staff, upon request, information that would otherwise be disclosed in a Schedule 13D.

SIGNATURE

SMTH:

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

February 14, 2012

    
Date   

/s/ Tsuyoshi Saito

  
Signature   

Tsuyoshi Saito/General Manager of Risk Management Department

  
Name/Title   

STB:

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

February 14, 2012

    
Date   

/s/ Seiichi Hirata

  
Signature   

Seiichi Hirata/President

  
Name/Title   

 

12


Nikko:

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

February 14, 2012

    
Date   

/s/ Kenji Nishiyama

  
Signature   

Kenji Nishiyama/Chief Compliance Officer

  
Name/Title   

CMAT:

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

February 14, 2012

    
Date   

/s/ Mitsuo Hara

  
Signature   

Mitsuo Hara/Deputy General Manager of Corporate Planning  Department

  
Name/Title   

CMAM:

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

February 14, 2012

    

Date

 

/s/ Akihiro Tanabe

 

Signature

 

Akihiro Tanabe/General Manager

 

Name/Title

 

Attention:    Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001)

 

13