Martin L. Edelman - Jun 23, 2021 Form 4 Insider Report for Equity Commonwealth (EQC)

Role
Director
Signature
/s/ Orrin S. Shifrin, attorney-in-fact
Stock symbol
EQC
Transactions as of
Jun 23, 2021
Transactions value $
$0
Form type
4
Date filed
6/24/2021, 04:18 PM
Next filing
Jul 2, 2021

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction EQC LTIP Units Award $0 +3.7K $0.00 3.7K Jun 23, 2021 Common Shares of Beneficial Interest 3.7K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each LTIP Unit converts automatically into one share of beneficial interest, designated as a unit (an "OP Unit"), in EQC Operating Trust when the LTIP Unit becomes vested and upon equalization of its capital account with the per-unit capital account of the OP Units. OP Units are redeemable for cash or, at the option of Equity Commonwealth, exchangeable for common shares of Equity Commonwealth on a one-for-one basis.
F2 Represents LTIP Units issued pursuant to the applicable Equity Commonwealth equity compensation plan. The LTIP Units will vest on 6/23/2022.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney