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 |
Id | Content |
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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. |