| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | EQC | Common Shares of Beneficial Interest | Options Exercise | +92.2K | +10.78% | 947K | Feb 9, 2022 | Direct | F1 | ||
| transaction | EQC | Common Shares of Beneficial Interest | Award | +29.5K | +3.12% | 977K | Feb 9, 2022 | Direct | F1 | ||
| transaction | EQC | Common Shares of Beneficial Interest | Tax liability | -$1.7M | -65.5K | -6.71% | $25.89 | 911K | Feb 9, 2022 | Direct | F2 |
| holding | EQC | Common Shares of Beneficial Interest | 290 | Feb 9, 2022 | See footnote | F3 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | EQC | Restricted Share Units | Options Exercise | -92.2K | -100% | 0 | Feb 9, 2022 | Common Shares of Beneficial Interest | 92.2K | Direct | F4, F5 | |||
| transaction | EQC | Restricted Share Units | Award | +29.5K | 29.5K | Feb 9, 2022 | Common Shares of Beneficial Interest | 29.5K | Direct | F4, F6 |
| Id | Content |
|---|---|
| F1 | Each Common Share of Beneficial Interest of Equity Commonwealth ("Common Share") was received in exchange for one Restricted Share Unit ("RSU"), subject to the terms and conditions set forth in the applicable Equity Commonwealth equity compensation plan and the applicable RSU agreement for the Reporting Person. Reflects Common Shares that were issued to the Reporting Person as a result of certain performance criteria being met with respect to previously granted RSUs and a portion of such RSUs vesting on the Transaction Date. |
| F2 | Reflects Common Shares surrendered to the Issuer to satisfy tax withholding obligations in connection with the vesting of restricted Common Shares and RSUs. |
| F3 | These shares are held by EGI-CW Holdings, L.L.C. ("EGI-CW"). The Reporting Person is a member of EGI-Fund (14-16) Investors, L.L.C. ("EGI-Fund (14-16)"), which is a member of EGI-CW. The shares reported represent only the number of shares in which the Reporting Person has a pecuniary interest in accordance with his proportionate interest in EGI-Fund (14-16). |
| F4 | Each RSU represents the right to receive one Common Share, subject to the terms and conditions set forth in the applicable Equity Commonwealth equity compensation plan and the applicable RSU agreement for the Reporting Person. |
| F5 | On February 9, 2021, the Reporting Person received 184,425 RSUs as a result of certain performance criteria being met with respect to previously granted RSUs, vesting in two equal installments on February 9, 2021 and in February of 2022, subject to the Reporting Person's continued employment with Equity Commonwealth through such date. |
| F6 | Reflects RSUs that were issued to the Reporting Person as a result of certain performance criteria being met with respect to previously granted RSUs. These RSUs will vest in February of 2023, subject to the Reporting Person's continued employment with Equity Commonwealth through such date. |