Hudson Pacific Properties Announces Filing of Registration Statement

Hudson Pacific Properties

today announced the filing of a registration statement on Form S-3 with the Securities and Exchange Commission relating to the possible resale, from time to time, by the selling stockholders named therein of up to 10,351,508 shares of the Company's common stock, initially issued in private placements on June 29, 2010 and May 3, 2011, and up to 2,589,252 shares of the Company's common stock issuable in exchange for common units of partnership interest in Hudson Pacific Properties, L.P., the Company's operating partnership, upon any redemption by one or more of the limited partners pursuant to their contractual rights, and the possible resale from time to time of some or all of such shares of common stock by the selling stockholders named in the registration statement. The registration statement was filed to satisfy the Company's obligations under a registration rights agreement, as amended, entered into in connection with the private placements on June 29, 2010 and May 3, 2011. The Company is registering the applicable shares of its common stock to provide the selling stockholders with freely tradable securities. The registration of the shares of the Company's common stock covered by the registration statement does not necessarily mean that any of the shares will be offered or sold by the selling stockholders. Nor does the registration of the shares of the Company's common stock covered by the registration statement necessarily mean that any of the holders of common units will redeem their common units, that upon any such redemption the Company will elect, in its sole and absolute discretion, to exchange some or all of the common units for common stock rather than cash, or that any shares of the Company's common stock received in exchange for common units will be offered or sold by the selling stockholders.