Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
Emmett Dan A
  2. Issuer Name and Ticker or Trading Symbol
Douglas Emmett Inc [DEI]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director __X__ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Chairman of the Board
(Last)
(First)
(Middle)
808 WILSHIRE BOULEVARD, SUITE 200
3. Date of Earliest Transaction (Month/Day/Year)
02/20/2009
(Street)

SANTA MONICA, CA 90401
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 02/20/2009   G V 100,000 (1) D $ 8.38 4,738,007 D  
Common Stock 02/23/2009   G V 80,000 (2) D $ 7.72 4,738,007 D (3)  

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Emmett Dan A
808 WILSHIRE BOULEVARD
SUITE 200
SANTA MONICA, CA 90401
  X   X   Chairman of the Board  

Signatures

 /s/ Theodore E.Guth by P/A for Dan A. Emmett   03/06/2009
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Gift of common stock by the Emmett Foundation, a California charitable organization. The Reporting Person has sole voting and investment power over all shares held by the Emmett Foundation.
(2) Gifts of 20,000 shares of common stock (the "Shares") to each of four trusts for the benefit of the Reporting Person's children (the "Children's Trusts") by the Dan A. Emmett Revocable Living Trust of November 21, 1985. As sole trustee of each trust, the Reporting Person has sole voting and investment power over, but disclaims beneficial ownership of, all Shares owned by the Children's Trusts.
(3) Shares beneficially owned by the Reporting Person are held as follows: (i) the Dan A. Emmett Revocable Living Trust of November 21, 1985 owns 4,565,507 Shares; (ii) the Emmett Foundation, a California charitable organization, owns 92,500 Shares; and (iii) the Children's Trusts own 80,000 Shares. The Reporting Person has sole voting and investment power over all Shares held by the Emmett Foundation and the Children's Trusts but disclaims beneficial ownership of all such Shares. Ownership excludes 204,593 fully vested stock options (right to buy) and 13,664,144 common partnership units in Douglas Emmett Properties, L.P., of which the Issuer is the general partner. Partnership common units are redeemable for an equivalent number of Shares of the Issuer.

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