Jeffrey K. Gronning - Dec 8, 2021 Form 4 Insider Report for COLUMBIA PROPERTY TRUST, INC. (CXP)

Role: Chief Investment Officer
Signature: /s/ Wendy W. Gill, attorney-in-fact for Jeffrey K. Gronning
Stock symbol: CXP
Transactions as of: Dec 8, 2021
Transactions value $: -$3,395,314
Form type: 4
Date filed: 12/10/2021, 08:56 AM

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CXP	Common Stock	Award	$0	+127K	+262.16%	$0.00	176K	Dec 8, 2021	Direct	F1
transaction	CXP	Common Stock	Disposed to Issuer	-$3.4M	-176K	-100%	$19.30	0	Dec 8, 2021	Direct	F2

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	CXP	Series A Convertible, Perpetual Preferred OP Unit	Options Exercise		-734K	-100%		0	Dec 8, 2021	Common Unit	734K		Direct	F3

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

Jeffrey K. Gronning is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	Award made in accordance with the Columbia Property Trust Amended and Restated 2013 Long Term Incentive Plan (the "Plan"). This award is made as a result of the company having met certain performance criteria relative to an office REIT peer group, pursuant to the grant of the performance-based stock unit awards on January 1, 2021.
F2	All common stock was disposed of, pursuant to the merger of Panther Merger Parent, Inc. with and into Columbia Property Trust, Inc. (the "Company") pursuant to the terms of the Merger Agreement, dated as of September 7, 2021, among the Company, Columbia Property Trust Operating Partnership, LP (the "Operating Partnership"), Panther Merger Parent, Inc., and Panther Merger Sub, LLC (the "Merger Agreement"), in exchange for $19.30 in cash per share, less any applicable withholding.
F3	All Series A Convertible, Perpetual Preferred OP Units of Columbia Property Trust Operating Partnership, LP ("Company OP") were cancelled and converted to the right to receive $26.50 in cash, pursuant to the merger of Panther Merger Sub, LLC ("Merger Sub") with and into Company OP (the "Partnership Merger") pursuant to the terms of the Merger Agreement, dated as of September 7, 2021, among Columbia Property Trust, Inc., Company OP, Panther Merger Parent, Inc., and Merger Sub, LLC.