SEC Form 4 · accession 0001104659-19-000237
OFFICE PROPERTIES INCOME TRUST · OPI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Adam D. Portnoy
Director
Period of report
Dec 31, 2018
Accepted (ET)
Jan 2, 2019 · 6:51 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001456772
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Shares of Beneficial InterestF1,F2 | Dec 31, 2018 | A | 111,836 | $0.00 | A | 529,803 | D | |
| Common Shares of Beneficial InterestF3,F2,F4 | Dec 31, 2018 | A | 1,543,253 | $0.00 | A | 2,305,034 | I | See Footnote |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Acquired pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated as of September 14, 2018, by and among the issuer, GOV MS REIT, a wholly owned subsidiary of the issuer, and Select Income REIT ("SIR") in exchange for 107,535 SIR common shares of beneficial interest having a market value of $7.36 per share on the effective date of the merger of SIR with and into GOV MS REIT (the "Merger"), based on the closing price of SIR's common shares of beneficial interest on such effective date.
- F2Following the closing of the Merger on December 31, 2018, the issuer changed its name from Government Properties Income Trust to Office Properties Income Trust, and the issuer effected a reverse share split (the "Reverse Split") pursuant to which every four common shares of the issuer were converted and reclassified into one common share of the issuer, subject to the receipt of cash in lieu of fractional shares. The amounts set forth in the table are presented prior to giving effect to the impact of the Reverse Split.
- F3Acquired pursuant to the Merger Agreement in exchange for 1,483,898 SIR common shares of beneficial interest having a market value of $7.36 per share on the effective date of the Merger, based on the closing price of SIR's common shares of beneficial interest on such effective date.
- F4These shares are held by ABP Trust; Mr. Portnoy, as president, sole trustee and a beneficial owner of ABP Trust, may be deemed to be a beneficial owner of these shares, but Mr. Portnoy disclaims such beneficial ownership except to the extent of his pecuniary interest therein.