SEC Form 4 · accession 0001042776-15-000087
Piedmont Office Realty Trust, Inc. · PDM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Raymond Lee Owens
Officer — EVP- Cap Mkts
Period of report
May 1, 2015
Accepted (ET)
May 5, 2015 · 5:20 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001042776
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | May 1, 2015 | A | 5,676 | $0.00 | A | 74,270 | D | |
| Common StockF3 | May 1, 2015 | F | 474 | $17.59 | D | 73,796 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Of the shares granted, 25% vest on the day of the grant, and the remaining shares vest ratably on the anniversary date of the grant date over the following three years.
- F2Mr. Owens elected to receive 50% of his Long Term Incentive Award as restricted stock, and 50% was deferred into the Company's Non-Qualified Deferred Compensation Plan.
- F3In connection with the vesting of 25% of the restricted stock award (1,419 shares) on May 1, 2015, 474 shares were forfeited by the employee and delivered to the Company to satisfy tax withholding obligations.