Samuel Zell - Jan 26, 2022 Form 4 Insider Report for Equity Commonwealth (EQC)

Role
Director, Chairman of the Board
Signature
/s/ Orrin S. Shifrin, attorney-in-fact
Stock symbol
EQC
Transactions as of
Jan 26, 2022
Transactions value $
$0
Form type
4
Date filed
1/28/2022, 07:03 AM
Previous filing
Jan 25, 2022
Next filing
Feb 11, 2022

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 +25.9K $0.00 25.9K Jan 26, 2022 Common Shares of Beneficial Interest 25.9K See footnote F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each LTIP Unit has or will convert 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 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 Equity Commonwealth 2015 Omnibus Incentive Plan. The LTIP Units will vest 25% in February 2024, 25% in February 2025 and 50% in February 2026, subject to the Reporting Person's continued service with Equity Commonwealth through such dates.
F3 The Reporting Person beneficially owns these LTIP Units indirectly through the Samuel Zell Revocable Trust (the "Trust"), of which the Reporting Person is the trustee and a beneficiary.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney