Todd W. Hartman - 01 Mar 2023 Form 4 Insider Report for CORPORATE OFFICE PROPERTIES TRUST (CDP)

Role
EVP & COO
Signature
/s/ David L. Finch, by Power of Attorney
Issuer symbol
CDP
Transactions as of
01 Mar 2023
Net transactions value
$0
Form type
4
Filing time
03 Mar 2023, 12:18:46 UTC
Previous filing
02 Mar 2022
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 $0 +16,666 $0.000000 16,666 01 Mar 2023 Common Shares 16,666 Direct F1, F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Todd W. Hartman is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

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 Represents Profit Interest Units issued pursuant to the Corporate Office Properties Trust 2017 Omnibus Equity and Incentive Plan.
F3 The Profit Interest Units will vest in three equal installments over a three-year period.
F4 As reported in the Current Report on Form 8-K filed by Corporate Office Properties Trust on March 2, 2023, the reporting person resigned from the company effective March 2, 2023. At that time, all of the reporting person's outstanding, unvested performance-based or time-based equity grants (including the 16,666 Profit Interest Units granted on March 1, 2023) were terminated.