SEC Form 4 · accession 0001123292-17-001699
Equity Commonwealth · EQC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey Douglas Brown
Officer — SVP & Chief Accounting Officer
Period of report
Nov 8, 2017
Accepted (ET)
Nov 9, 2017 · 5:09 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000803649
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Shares of Beneficial InterestF1 | Nov 8, 2017 | A | 1,191 | $30.48 | A | 5,458 | D | |
| Common Shares of Beneficial InterestF2 | Nov 8, 2017 | F | 403 | $30.48 | D | 5,055 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Share UnitsF3,F4 | — | Nov 8, 2017 | A | 1,191 | A | — | — | Common Stock | 1,191 | 1,191 | D |
Explanation of responses
- F1Reflects common shares that were issued to the Reporting Person as a result of certain performance criteria being met with respect to previously granted restricted share units ("RSUs") and a portion of such RSUs vesting on the Transaction Date.
- F2Reflects common shares surrendered to the Issuer to satisfy tax withholding obligations in connection with the vesting of RSUs.
- F3Each RSU represents the right to receive one share of Common Stock of Equity Commonwealth, subject to the terms and conditions set forth in the Equity Commonwealth 2012 Equity Compensation Plan and the Restricted Share Unit Agreement for Employees (Special Awards) for the Reporting Person.
- F4These RSUs will vest on October 28, 2018, subject to the Reporting Person's continued employment with Equity Commonwealth through such date