Stephen E. Budorick - 01 Mar 2023 Form 4 Insider Report for CORPORATE OFFICE PROPERTIES TRUST (CDP)

Reporting relationship: PRESIDENT /CEO
Issuer ticker: CDP
Reported as of: 01 Mar 2023
Net transaction value: $0
SEC form: 4
Accepted by SEC: 03 Mar 2023, 12:23:54 UTC
Prior SEC filing: 01 Feb 2023
Next SEC filing: 05 Feb 2024
Source filing: View source filing
Reporting owner signature: /s/ David L. Finch, by Power of Attorney

Key filing fact

Stephen E. Budorick filed Form 4 for CORPORATE OFFICE PROPERTIES TRUST (CDP) on 03 Mar 2023.

Key facts

This page summarizes Stephen E. Budorick's Form 4 filing for CORPORATE OFFICE PROPERTIES TRUST (CDP).
1 reported transaction and 1 derivative row are listed below.
Accepted by SEC: 03 Mar 2023, 12:23.

Change

Previous filing in this sequence was filed on 01 Feb 2023.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

OFC transaction Derivative

Profit Interest Units

Award

Transaction value: $0
Shares: +54,238
Change %: +14%
Price: $0.000000
Shares after: 446,568
Date: 01 Mar 2023
Ownership: Direct
Underlying class: Common Shares
Underlying amount: 54,238
Exercise price
Footnotes: F1, F2, F3

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote 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.

Footnote F2

Represents Profit Interest Units issued pursuant to the Corporate Office Properties Trust 2017 Omnibus Equity and Incentive Plan.

Footnote F3

The Profit Interest Units will vest in three equal installments over a three-year period.