Robert L. Denton - Sep 4, 2024 Form 4 Insider Report for COPT DEFENSE PROPERTIES (CDP)

Role
Director
Signature
/s/ David L. Finch, Attorney-in-Fact
Stock symbol
CDP
Transactions as of
Sep 4, 2024
Transactions value $
$0
Form type
4
Date filed
9/4/2024, 03:30 PM
Previous filing
Aug 15, 2024
Next filing
Oct 31, 2024

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 CDP Common Units-CDPLP Conversion of derivative security $0 -1.5K -0.86% $0.00 173K Sep 4, 2024 Common Shares 1.5K $29.21 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person redeemed 1,500 common units of limited partnership interest ("Common Units") of COPT Defense Properties, L.P., of which the issuer is the general partner. Common Units are convertible into an equal number of the issuer's common shares of beneficial interest or, at the election of the issuer, cash equal to the fair market value of such shares. In the case of these 1,500 Common Units, the issuer elected to pay cash upon the conversion of the reporting person's Common Units, based on the 10-day average closing price of the issuer's common shares on the New York Stock Exchange. Common Units have no expiration date.
F2 Common Units are convertible upon issuance.