Dennis J. Mcgillicuddy - May 18, 2023 Form 4 Insider Report for FRANKLIN STREET PROPERTIES CORP /MA/ (FSP)

Role
Director
Signature
/s/ Dennis J. McGillicuddy
Stock symbol
FSP
Transactions as of
May 18, 2023
Transactions value $
$0
Form type
4
Date filed
5/19/2023, 05:23 PM
Previous filing
Mar 8, 2023
Next filing
Jun 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FSP Common Stock Award $0 +27.8K +70.7% $0.00 67.1K May 18, 2023 Direct F1
holding FSP Common Stock 3.45M May 18, 2023 See Footnote F2
holding FSP Common Stock 14.1K May 18, 2023 See Footnote F3
holding FSP Common Stock 8.95K May 18, 2023 See Footnote F4
holding FSP Common Stock 404K May 18, 2023 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. 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 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.