Martin L. Edelman - Jun 21, 2022 Form 4 Insider Report for Equity Commonwealth (EQC)

Role
Director
Signature
/s/ Orrin S. Shifrin, attorney-in-fact
Stock symbol
EQC
Transactions as of
Jun 21, 2022
Transactions value $
$0
Form type
4
Date filed
6/22/2022, 04:20 PM
Previous filing
Jun 21, 2022
Next filing
Jul 18, 2022

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 +3.6K $0.00 3.6K Jun 21, 2022 Common Shares of Beneficial Interest 3.6K 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 6/21/2023.