Kelly H. Barrett - May 11, 2021 Form 4 Insider Report for Piedmont Office Realty Trust, Inc. (PDM)

Role: Director
Signature: /s/ Laura P. Moon as Attorney-in-Fact for Kelly H. Barrett
Stock symbol: PDM
Transactions as of: May 11, 2021
Transactions value $: $0
Form type: 4
Date filed: 5/12/2021, 04:18 PM
Next filing: May 21, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PDM	Common Stock	Options Exercise		+6.54K	+27.01%		30.8K	May 11, 2021	Direct	F1, 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	PDM	Restricted Stock Units	Options Exercise	$0	-6.54K	-100%	$0.00^*	0	May 11, 2021	Common Stock	6.54K	$0.00	Direct	F1, F2
transaction	PDM	Restricted Stock Units	Award	$0	+5.01K		$0.00	5.01K	May 11, 2021	Common Stock	5.01K	$0.00	Direct	F1, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each restricted stock unit represents a contingent right to receive one share of PDM common stock. Restricted stock units may be settled in cash or common stock at PDM's election.
F2	On May 13, 2020, the reporting person was granted 6,540 restricted stock units, which vested at the 2021 Annual Meeting of Stockholders of Piedmont Office Realty Trust, Inc. on May 11, 2021, and were settled in PDM common stock.
F3	On May 11, 2021, at the 2021 Annual Meeting of Stockholders of Piedmont Office Realty Trust, Inc., the reporting person was granted 5,011 restricted stock units, which will vest on the earlier of the 2022 Annual Meeting of Stockholders, or the anniversary of the grant date in May 2022.