4//SEC Filing
HELFAND DAVID 4
Accession 0000803649-25-000033
CIK 0000803649other
Filed
Mar 4, 7:00 PM ET
Accepted
Mar 5, 4:14 PM ET
Size
12.5 KB
Accession
0000803649-25-000033
Insider Transaction Report
Form 4
HELFAND DAVID
DirectorPresident & CEO
Transactions
- Exercise/Conversion
Common Shares of Beneficial Interest
2025-03-04+41,283→ 1,187,316 total - Tax Payment
Common Shares of Beneficial Interest
2025-03-04$1.60/sh−167,109$267,374→ 1,239,655 total - Award
Common Shares of Beneficial Interest
2025-03-04+219,448→ 1,406,764 total - Exercise/Conversion
Restricted Share Units
2025-03-04−41,283→ 0 total→ Common Shares of Beneficial Interest (41,283 underlying)
Holdings
- 290(indirect: See footnote)
Common Shares of Beneficial Interest
Footnotes (5)
- [F1]Reflects Common Shares of Beneficial Interest (each, a "Common Share") of Equity Commonwealth (the "Issuer") received by the Reporting Person in settlement of outstanding time-based or performance-based Restricted Share Units (each, an "RSU"), on a one for one basis, subject to the terms and conditions set forth in the Equity Commonwealth equity compensation plan (as amended, the "Equity Plan") and the applicable RSU agreement, due to the vesting of the RSUs as a result of the determination by the Issuer's Board of Trustees that a change in control event ("Change in Control") occurred under the terms of the Equity Plan upon the sale of the Issuer's last remaining property on February 25, 2025.
- [F2]Reflects Common Shares surrendered to the Issuer to satisfy tax withholding obligations in connection with the vesting of restricted Common Shares and RSUs.
- [F3]These shares are held by EGI-CW Holdings, L.L.C. ("EGI-CW"). The Reporting Person is a member of EGI-Fund (14-16) Investors, L.L.C. ("EGI-Fund (14-16)"), which is a member of EGI-CW. The shares reported represent only the number of shares in which the Reporting Person has a pecuniary interest in accordance with his proportionate interest in EGI-Fund (14-16).
- [F4]Each RSU represents the right to receive one Common Share, subject to the terms and conditions set forth in the applicable Equity Plan and the applicable RSU agreement for the Reporting Person.
- [F5]RSUs previously granted, and reported on the Form 4 dated February 5, 2025, vested as a result of the determination by the Issuer's Board of Trustees that a Change in Control has occurred.
Documents
Issuer
Equity Commonwealth
CIK 0000803649
Entity typeother
Related Parties
1- filerCIK 0001201466
Filing Metadata
- Form type
- 4
- Filed
- Mar 4, 7:00 PM ET
- Accepted
- Mar 5, 4:14 PM ET
- Size
- 12.5 KB