Matthew T. Myers - Mar 1, 2023 Form 4 Insider Report for CORPORATE OFFICE PROPERTIES TRUST (OFC)

Role
SVP-CAO & CONTROLLER
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, 12:29 PM
Previous filing
Feb 28, 2023
Next filing
Dec 5, 2023

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 +2.62K $0.00 2.62K Mar 1, 2023 Common Shares 2.62K Direct F1, F2, F3
* 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 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.