Britt A. Snider - 01 Dec 2023 Form 4 Insider Report for COPT DEFENSE PROPERTIES (CDP)

Role
EVP & COO
Signature
/s/ David L. Finch, by Power of Attorney
Issuer symbol
CDP
Transactions as of
01 Dec 2023
Net transactions value
$0
Form type
4
Filing time
04 Dec 2023, 17:35:09 UTC
Next filing
19 Dec 2023
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 +23,474 23,474 01 Dec 2023 Common Shares 23,474 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 COPT Defense 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 COPT Defense Properties 2017 Omnibus Equity and Incentive Plan.
F3 The Profit Interest Units will vest over five (5) years.
F4 Issued as employment compensation.