John N. Burke - 18 May 2023 Form 4 Insider Report for FRANKLIN STREET PROPERTIES CORP /MA/ (FSP)

Role
Director
Signature
/s/ John N. Burke
Issuer symbol
FSP
Transactions as of
18 May 2023
Net transactions value
$0
Form type
4
Filing time
19 May 2023, 17:18:58 UTC
Previous filing
18 May 2022
Next filing
03 Jun 2024
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 $0 +27,777 +126259% $0.000000 27,799 18 May 2023 Direct F1
holding FSP Common Stock 44,987 18 May 2023 By Trust F2
holding FSP Common Stock 27,087 18 May 2023 By 401(k) Plan
* 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. The number of shares is equal to $45,000 divided by $1.62, the closing price of the Issuer's common stock on the grant date.
F2 On June 9, 2022, 12,000 shares of the Issuer's common stock previously reported as directly held by the reporting person were transferred to the reporting person's revocable living trust, as to which he is the trustee with full investment authority and sole beneficiary.