Letitia A. Long - May 13, 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 13, 2021
Transactions value $: $0
Form type: 4
Date filed: 5/17/2021, 06:33 PM
Next filing: Jun 24, 2021
SEC: View on sec.gov

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	Profit Interest Units	Award		+3.42K			3.42K	May 13, 2021	Common Shares	3.42K		Direct	F1, F2, F3, F4

Showing 1 to 1 of 1 entries

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each Profit Interest Unit will convert automatically into one share of beneficial interest, designated as a unit (an "OP Unit"), in Corporate Office Properties, L.P. when such Profit Interest Unit becomes vested and upon equalization of its capital account balance. OP Units are redeemable for cash, or, at the option of Corporate Office Properties Trust, exchangeable for common shares of Corporate Office Properties Trust, currently on a one-for-one basis.
F2	The Profit Interest Units will vest on the first anniversary of the grant date, provided that the reporting person remains a trustee on such date.
F3	The Profit Interest Units do not expire once vested.
F4	Issued as compensation for service on the Board of Trustees.