Matthew T. Myers - 01 Mar 2023 Form 4 Insider Report for CORPORATE OFFICE PROPERTIES TRUST (CDP)

Signature
/s/ David L. Finch, by Power of Attorney
Issuer symbol
CDP
Transactions as of
01 Mar 2023
Transactions value $
$0
Form type
4
Filing time
03 Mar 2023, 12:29:50 UTC
Previous filing
28 Feb 2023
Next filing
05 Dec 2023

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 CDP Profit Interest Units Award $0 +2.62K $0.00 2.62K 01 Mar 2023 Common Shares 2.62K Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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 Represents Profit Interest Units issued pursuant to the Corporate Office Properties Trust 2017 Omnibus Equity and Incentive Plan.
F3 The Profit Interest Units will vest in three equal installments over a three-year period.