SPECTOR GERALD A 4
4 · Equity Commonwealth · Filed Jun 24, 2020
Insider Transaction Report
Form 4
SPECTOR GERALD A
Director
Transactions
- Award
LTIP Units
2020-06-23$0.25/sh+3,184$796→ 3,184 total→ Common Shares of Beneficial Interest (3,184 underlying)
Footnotes (2)
- [F1]Each LTIP Unit converts automatically into one share of beneficial interest, designated as a unit (an "OP Unit"), in EQC Operating Trust when the LTIP Unit becomes vested and upon equalization of its capital account with the per-unit capital account of the OP Units. OP Units are redeemable for cash or, at the option of Equity Commonwealth, exchangeable for common shares of Equity Commonwealth on a one-for-one basis.
- [F2]Represents LTIP Units issued pursuant to the applicable Equity Commonwealth equity compensation plan. The LTIP Units will vest on 6/23/2021.