Bruce W. Duncan - May 18, 2021 Form 4 Insider Report for CyrusOne Inc. (CONE)

Role: President & CEO, Director
Signature: /s/ Robert M. Jackson, Attorney-in-Fact
Stock symbol: CONE
Transactions as of: May 18, 2021
Transactions value $: $0
Form type: 4
Date filed: 5/20/2021, 06:26 PM
Next filing: Jun 1, 2021

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	CONE	LTIP Units	Award	$0	+21K		$0.00	21K	May 18, 2021	Common Stock	21K		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents LTIP Units in the Company's operating partnership, CyrusOne LP, granted pursuant to the CyrusOne Restated 2012 Long Term Incentive Plan.
F2	The LTIP Units vest in three equal (subject to rounding) annual installments beginning February 18, 2022. Each vested LTIP Unit will be convertible into an equal number of common units of CyrusOne LP (each, a "OP Unit"), subject to certain adjustments. A holder of OP Units may, in turn, present such OP Units to CyrusOne LP for redemption for cash or, at the election of CyrusOne Inc., for an equal number of shares of common stock of CyrusOne Inc., subject to certain adjustments. The rights to convert vested LTIP Units into OP Units and to present the OP Units for redemption have no expiration dates.

Content

Represents LTIP Units in the Company's operating partnership, CyrusOne LP, granted pursuant to the CyrusOne Restated 2012 Long Term Incentive Plan.

The LTIP Units vest in three equal (subject to rounding) annual installments beginning February 18, 2022. Each vested LTIP Unit will be convertible into an equal number of common units of CyrusOne LP (each, a "OP Unit"), subject to certain adjustments. A holder of OP Units may, in turn, present such OP Units to CyrusOne LP for redemption for cash or, at the election of CyrusOne Inc., for an equal number of shares of common stock of CyrusOne Inc., subject to certain adjustments. The rights to convert vested LTIP Units into OP Units and to present the OP Units for redemption have no expiration dates.