John McLernon - May 13, 2021 Form 4 Insider Report for City Office REIT, Inc. (CIO)

Role: Director
Signature: /s/ John McLernon
Stock symbol: CIO
Transactions as of: May 13, 2021
Transactions value $: $0
Form type: 4
Date filed: 5/14/2021, 02:33 PM
Next filing: Jul 27, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CIO	Common Stock	Options Exercise		+4.46K	+43.39%		14.7K	May 13, 2021	Direct	F1
transaction	CIO	Common Stock	Tax liability		-1.34K	-9.08%		13.4K	May 13, 2021	Direct	F1
holding	CIO	Common Stock						7.5K	May 13, 2021	McLernon Holdings Ltd.	F2

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	CIO	Restricted Stock Units	Options Exercise	$0	-4.46K	-31.08%	$0.00	9.89K	May 13, 2021	Common Stock	4.46K		Direct	F1, F3

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

Explanation of Responses:

Id	Content
F1	In accordance with the Company's Equity Incentive Plan (the "Equity Incentive Plan"), Restricted Stock Units (as defined in the Equity Incentive Plan) convert into common stock on a one-for-one basis.
F2	The Reporting Person disclaims beneficial ownership of these securities as this report shall not be deemed an admission that the Reporting Person is the beneficial owner of these securities for the purposes of Section 16 or any other purpose.
F3	The restricted stock units reported herein have vested and converted to common shares as at May 13, 2021.