John McLernon - Jan 24, 2024 Form 4 Insider Report for City Office REIT, Inc. (CIO)

Role
Director
Signature
/s/ John McLernon
Stock symbol
CIO
Transactions as of
Jan 24, 2024
Transactions value $
$0
Form type
4
Date filed
1/26/2024, 01:29 PM
Previous filing
Apr 12, 2024
Next filing
Apr 26, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CIO Common Stock Options Exercise +6.32K +28.93% 28.2K Jan 25, 2024 Direct F1
transaction CIO Common Stock Tax liability -1.26K -4.49% 26.9K Jan 25, 2024 Direct F1
holding CIO Common Stock 7.5K Jan 24, 2024 McLernon Holdings Ltd F2

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 CIO Restricted Stock Units Award +232 +1.84% 12.9K Jan 24, 2024 Common Stock 232 Direct F1, F3, F4
transaction CIO Restricted Stock Units Award +10.8K +83.72% 23.7K Jan 24, 2024 Common Stock 10.8K Direct F1, F4, F5
transaction CIO Restricted Stock Units Options Exercise $0 -6.32K -26.72% $0.00 17.3K Jan 25, 2024 Common Stock 6.32K Direct F1, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 In accordance with the Company's Equity Incentive Plan (the "Equity Incentive Plan"), Restricted Stock Units (as the defined in the Equity Incentive Plan) convert into common stock on a one-for-one basis.
F2 The Reporting Person disclaims beneficial ownership of these securities as this report shall not be deemed an admission that the Reporting Person is the beneficial owner of these securities for the purposes of Section 16 or any other purpose.
F3 The units represent Restricted Stock Units issuable to the Reporting Person as a dividend equivalency payment with respect to Restricted Stock Units previously issued to the Reporting Person which vest in three substantially equal installments on each of the first three annual anniversaries of the initial Grant Date, generally subject to the Participant's continued service through each applicable vesting date. The Restricted Stock Units reported herein shall vest on the same date and under the same terms as the underlying Restricted Stock Units with respect of which these dividend equivalency units vest.
F4 Vested shares will be delivered to the reporting person promptly upon vesting of the related restricted stock units.
F5 In accordance with the Equity Incentive Plan, the Restricted Stock Units (and related dividend equivalent rights) shall vest in three substantially equal installments on each of the first three annual anniversaries of their initial grant date, generally subject to the grantee's continued service through each applicable vesting date.
F6 The restricted stock units reported herein have vested and converted to common shares as at January 25, 2024.