Robert L. Denton - May 11, 2021 Form 4 Insider Report for CORPORATE OFFICE PROPERTIES TRUST (OFC)

Role
Director
Signature
David L. Finch, by Power of Attorney
Stock symbol
OFC
Transactions as of
May 11, 2021
Transactions value $
-$3,000
Form type
4
Date filed
5/11/2021, 04:33 PM
Next filing
May 17, 2021

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 OFC Common Units -- COPLP Other -$3K 246K May 11, 2021 Common Shares 3K $28.06 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person redeemed 3,000 common units of limited partnership interest ("Common Units") of Corporate Office Properties, L.P., of which the issuer is the general partner. Common Units are convertible into an equal number of the issuer's common shares of beneficial interest or, at the election of the issuer, cash equal to the fair market value of such shares. In the case of these 3,000 shares, the issuer elected to pay cash upon the conversion of the reporting person's Common Units, based on the 10-day trailing average of the closing prices of the issuer's common shares on the New York Stock Exchange. Common Units have no expiration date.
F2 Common Units are convertible upon issuance.