Jeffrey K. Gronning - 08 Dec 2021 Form 4 Insider Report for COLUMBIA PROPERTY TRUST, INC.

Role
Chief Investment Officer
Signature
/s/ Wendy W. Gill, attorney-in-fact for Jeffrey K. Gronning
Issuer symbol
N/A
Transactions as of
08 Dec 2021
Net transactions value
-$3,395,314
Form type
4
Filing time
10 Dec 2021, 08:56:37 UTC
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CXP Common Stock Award $0 +127,347 +262% $0.000000 175,923 08 Dec 2021 Direct F1
transaction CXP Common Stock Disposed to Issuer $3,395,314 -175,923 -100% $19.30 0 08 Dec 2021 Direct 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 CXP Series A Convertible, Perpetual Preferred OP Unit Options Exercise -733,994 -100% 0 08 Dec 2021 Common Unit 733,994 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Jeffrey K. Gronning is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Award made in accordance with the Columbia Property Trust Amended and Restated 2013 Long Term Incentive Plan (the "Plan"). This award is made as a result of the company having met certain performance criteria relative to an office REIT peer group, pursuant to the grant of the performance-based stock unit awards on January 1, 2021.
F2 All common stock was disposed of, pursuant to the merger of Panther Merger Parent, Inc. with and into Columbia Property Trust, Inc. (the "Company") pursuant to the terms of the Merger Agreement, dated as of September 7, 2021, among the Company, Columbia Property Trust Operating Partnership, LP (the "Operating Partnership"), Panther Merger Parent, Inc., and Panther Merger Sub, LLC (the "Merger Agreement"), in exchange for $19.30 in cash per share, less any applicable withholding.
F3 All Series A Convertible, Perpetual Preferred OP Units of Columbia Property Trust Operating Partnership, LP ("Company OP") were cancelled and converted to the right to receive $26.50 in cash, pursuant to the merger of Panther Merger Sub, LLC ("Merger Sub") with and into Company OP (the "Partnership Merger") pursuant to the terms of the Merger Agreement, dated as of September 7, 2021, among Columbia Property Trust, Inc., Company OP, Panther Merger Parent, Inc., and Merger Sub, LLC.