Martin L. Edelman - 13 Jun 2023 Form 4 Insider Report for Equity Commonwealth (EQC)

Role: Director
Signature: /s/ Orrin S. Shifrin, attorney-in-fact
Issuer symbol: EQC
Transactions as of: 13 Jun 2023
Transactions value $: $0
Form type: 4
Filing time: 14 Jun 2023, 16:21:28
Previous filing: 17 Jan 2023
Next filing: 20 Jun 2024
SEC: View on sec.gov

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	EQC	LTIP Units	Award	$0	+5.77K		$0.00	5.77K	13 Jun 2023	Common Shares of Beneficial Interest	5.77K		Direct	F1, F2

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

Explanation of Responses:

Id	Content
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 6/13/2024.

Content

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.

Represents LTIP Units issued pursuant to the applicable Equity Commonwealth equity compensation plan. The LTIP Units will vest on 6/13/2024.