SEC Form 4 · accession 0001123292-17-000252
Equity Commonwealth · EQC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Adam Scott Markman
Officer — EVP, CFO & Treasurer
Period of report
Jan 24, 2017
Accepted (ET)
Jan 25, 2017 · 4:05 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000803649
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LTIP UnitsF3,F1,F2 | — | Jan 24, 2017 | A | 14,041 | A | — | — | Common Shares | 14,041 | 14,041 | I |
Explanation of responses
- F1Each LTIP Unit will convert automatically into one share of beneficial interest, designated as a unit (an "OP Unit"), in EQC Operating Trust when the LTIP Unit becomes vested and upon equalization of its capital account with the per-unit capital account of the OP Units. OP Units are redeemable for cash or, at the option of Equity Commonwealth, exchangeable for common shares of Equity Commonwealth on a one-for-one basis.
- F2Represents LTIP Units issued pursuant to the Equity Commonwealth 2015 Omnibus Incentive Plan. The LTIP Units will vest 25% on 1/24/2019, 25% on 1/24/2020 and 50% on 1/24/2021.
- F3These securities are held by The Adam and Sarah Markman Trust, of which the reporting person is the co-trustee and a beneficiary.