William Flatt - Feb 23, 2023 Form 4 Insider Report for City Office REIT, Inc. (CIO)

Role
Former Director
Signature
/s/ William Flatt
Stock symbol
CIO
Transactions as of
Feb 23, 2023
Transactions value $
$0
Form type
4
Date filed
2/24/2023, 11:37 AM
Previous filing
Jan 31, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CIO Common Stock Options Exercise +11.7K +32.22% 48K Feb 23, 2023 Direct F1

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 CIO Restricted Stock Units Options Exercise $0 -11.7K -100% $0.00* 0 Feb 23, 2023 Common Stock 11.7K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

William Flatt is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 In accordance with the Company's Equity Incentive Plan (the "Equity Incentive Plan"), Restricted Stock Units (as defined in the Equity Incentive Plan) convert into common stock on a one-for-one basis.
F2 The Compensation Committee and the Board of Directors of the Company approved, immediately prior to the Reporting Person's resignation from the Board of Directors of the Company, accelerated vesting of 100% of the Reporting Person's unvested equity that was otherwise scheduled to vest in three substantially equal installments on each of the first three annual anniversaries of the applicable initial grant date, generally subject to the grantee's continued service through each applicable vesting date. The restricted stock units reported herein have vested and converted to common shares as at February 23, 2023.

Remarks:

This exit Form 4 is also filed to report that the Reporting Person is no longer serving as a director of the Board of Directors of the Company as of February 23, 2023, and therefore, is no longer subject to Section 16 reporting.