John R. McLernon - 27 Jan 2023 Form 4 Insider Report for City Office REIT, Inc. (CIO)

Role: Director
Signature: /s/ John McLernon
Issuer symbol: CIO
Transactions as of: 27 Jan 2023
Net transactions value: $0
Form type: 4
Filing time: 31 Jan 2023, 12:54:17 UTC
Previous filing: 26 Jan 2023
Next filing: 15 Feb 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CIO	Common Stock	Options Exercise		+5,455	+31%		22,934	27 Jan 2023	Direct	F1
transaction	CIO	Common Stock	Tax liability		-1,091	-4.8%		21,843	27 Jan 2023	Direct	F1
holding	CIO	Common Stock						7,500	27 Jan 2023	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	-5,455	-32%	$0.000000	11,687	27 Jan 2023	Common Stock	5,455		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 January 27, 2023.