Todd W. Hartman - Mar 1, 2023 Form 4 Insider Report for CORPORATE OFFICE PROPERTIES TRUST (OFC)

Role
EVP & COO
Signature
/s/ David L. Finch, by Power of Attorney
Stock symbol
OFC
Transactions as of
Mar 1, 2023
Transactions value $
$0
Form type
4
Date filed
3/3/2023, 12:18 PM
Previous filing
Mar 2, 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 $0 +16.7K $0.00 16.7K Mar 1, 2023 Common Shares 16.7K 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.