Samuel Zell - 26 Jan 2022 Form 4 Insider Report for Equity Commonwealth

Role
Director, Chairman of the Board
Signature
/s/ Orrin S. Shifrin, attorney-in-fact
Issuer symbol
N/A
Transactions as of
26 Jan 2022
Net transactions value
$0
Form type
4
Filing time
28 Jan 2022, 07:03:24 UTC
Previous filing
25 Jan 2022
Next filing
11 Feb 2022
SEC
View on sec.gov

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 +25,882 $0.000000 25,882 26 Jan 2022 Common Shares of Beneficial Interest 25,882 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