Jeffrey L. Swope - 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 Jeffrey L. Swope
Stock symbol
PDM
Transactions as of
May 11, 2021
Transactions value $
$0
Form type
4
Date filed
5/12/2021, 04:20 PM
Next filing
May 12, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PDM Common Stock Options Exercise +6.54K +16.15% 47K May 11, 2021 Direct F1, F2, F3
holding PDM Common Stock 73.2K May 11, 2021 By Champion Operating Partnership II, Ltd. F3

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, F4
* 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 The balance includes shares obtained through Piedmont's dividend reinvestment plan during the period in which the shares where obtained.
F4 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.