SEC Form 4 · accession 0001042776-16-000220
Piedmont Office Realty Trust, Inc. · PDM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Raymond Lee Owens
Officer — EVP- Chief Investment Officer
Period of report
Mar 22, 2016
Accepted (ET)
Mar 24, 2016 · 4:43 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 | Mar 22, 2016 | A | 1,605 | $0.00 | A | 76,564 | D | |
| Common StockF3 | Mar 22, 2016 | F | 536 | $19.94 | D | 76,028 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Such shares were granted without restriction pursuant to the performance share component of the 2013 Long Term Incentive Compensation plan.
- F2Mr. Owens elected to receive 50% of his Long Term Incentive Award as unrestricted stock, and 50% was deferred into the Company's Non-Qualified Deferred Compensation Plan.
- F3In connection with the grant of the unrestricted stock award (1,605 shares) on March 22, 2016, 536 shares were forfeited by the employee and delivered to the Company to satisfy tax withholding obligations.