Dennis J. McGillicuddy - 20 May 2021 Form 4 Insider Report for FRANKLIN STREET PROPERTIES CORP /MA/ (FSP)

Role
Director
Signature
Dennis J. McGillicuddy
Issuer symbol
FSP
Transactions as of
20 May 2021
Net transactions value
+$56,247
Form type
4
Filing time
21 May 2021, 16:22:51 UTC
Next filing
18 May 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FSP Common Stock Award $56,247 +11,094 +69% $5.07 27,268 20 May 2021 Direct F1
holding FSP Common Stock 3,146,136 20 May 2021 See Footnote F2
holding FSP Common Stock 14,091 20 May 2021 See Footnote F3
holding FSP Common Stock 8,946 20 May 2021 See Footnote F4
holding FSP Common Stock 404,499 20 May 2021 See Footnote F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares were issued to the reporting person pursuant to the Franklin Street Properties Corp. 2002 Stock Incentive Plan.
F2 Shares held by McGillicuddy Investments Limited Partnership III (the "Partnership"). Mr. McGillicuddy is a limited partner of the Partnership and does not have the power to vote these shares.
F3 Shares held by the reporting person's spouse. The reporting person disclaims beneficial ownership of these shares, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such shares for purposes of Section 16 or for any other purpose.
F4 Shares held by various trusts for the reporting person's grandchildren, of which the reporting person's spouse is a trustee. The reporting person disclaims beneficial ownership of these shares, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such shares for purposes of Section 16 or for any other purpose.
F5 Shares held by McGillicuddy FLP Irrevocable Trust of 2003, the beneficiary of which is a limited partnership of which the reporting person is the general partner.