Letitia A. Long - May 12, 2022 Form 4 Insider Report for CORPORATE OFFICE PROPERTIES TRUST (OFC)

Role
Director
Signature
/s/ David L. Finch by Power of Attorney
Stock symbol
OFC
Transactions as of
May 12, 2022
Transactions value $
$0
Form type
4
Date filed
5/16/2022, 05:42 PM
Previous filing
Apr 18, 2022
Next filing
Jun 17, 2022

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 +3.94K +115.37% 7.36K May 12, 2022 Common Shares 3.94K Direct F1, F2, F3, F4
* 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.