Gronning Jeffrey K. 4
4 · COLUMBIA PROPERTY TRUST, INC. · Filed Dec 10, 2021
Insider Transaction Report
Form 4
Gronning Jeffrey K.
Chief Investment Officer
Transactions
- Disposition to Issuer
Common Stock
2021-12-08$19.30/sh−175,923$3,395,314→ 0 total - Exercise/Conversion
Series A Convertible, Perpetual Preferred OP Unit
2021-12-08−733,994→ 0 total→ Common Unit (733,994 underlying) - Award
Common Stock
2021-12-08+127,347→ 175,923 total
Footnotes (3)
- [F1]Award made in accordance with the Columbia Property Trust Amended and Restated 2013 Long Term Incentive Plan (the "Plan"). This award is made as a result of the company having met certain performance criteria relative to an office REIT peer group, pursuant to the grant of the performance-based stock unit awards on January 1, 2021.
- [F2]All common stock was disposed of, pursuant to the merger of Panther Merger Parent, Inc. with and into Columbia Property Trust, Inc. (the "Company") pursuant to the terms of the Merger Agreement, dated as of September 7, 2021, among the Company, Columbia Property Trust Operating Partnership, LP (the "Operating Partnership"), Panther Merger Parent, Inc., and Panther Merger Sub, LLC (the "Merger Agreement"), in exchange for $19.30 in cash per share, less any applicable withholding.
- [F3]All Series A Convertible, Perpetual Preferred OP Units of Columbia Property Trust Operating Partnership, LP ("Company OP") were cancelled and converted to the right to receive $26.50 in cash, pursuant to the merger of Panther Merger Sub, LLC ("Merger Sub") with and into Company OP (the "Partnership Merger") pursuant to the terms of the Merger Agreement, dated as of September 7, 2021, among Columbia Property Trust, Inc., Company OP, Panther Merger Parent, Inc., and Merger Sub, LLC.