Owens Raymond Lee 4
4 · CORPORATE OFFICE PROPERTIES TRUST · Filed May 16, 2022
Insider Transaction Report
Form 4
Owens Raymond Lee
Director
Transactions
- Award
Profit Interest Units
2022-05-12+3,941→ 7,357 total→ Common Shares (3,941 underlying)
Footnotes (4)
- [F1]Each Profit Interest Unit will convert automatically into one share of beneficial interest, designated as a unit (an "OP Unit"), in Corporate Office Properties, L.P. when such Profit Interest Unit becomes vested and upon equalization of its capital account balance. OP Units are redeemable for cash, or, at the option of Corporate Office Properties Trust, exchangeable for common shares of Corporate Office Properties Trust, currently on a one-for-one basis.
- [F2]The Profit Interest Units will vest on the first anniversary of the grant date, provided that the reporting person remains a trustee on such date.
- [F3]The Profit Interest Units do not expire once vested.
- [F4]Issued as compensation for service on the Board of Trustees