BROWN JEFFREY DOUGLAS 4
4 · Equity Commonwealth · Filed Feb 11, 2020
Insider Transaction Report
Form 4
BROWN JEFFREY DOUGLAS
SVP & Chief Accounting Officer
Transactions
- Tax Payment
Common Shares of Beneficial Interest
2020-02-07$32.77/sh−1,043$34,179→ 9,780 total - Award
Common Shares of Beneficial Interest
2020-02-07+1,107→ 10,823 total - Award
Restricted Share Units
2020-02-07+1,107→ 1,107 total→ Common Shares of Beneficial Interest (1,107 underlying) - Exercise/Conversion
Common Shares of Beneficial Interest
2020-02-07+1,147→ 9,716 total - Exercise/Conversion
Restricted Share Units
2020-02-07−1,147→ 0 total→ Common Shares of Beneficial Interest (1,147 underlying)
Footnotes (5)
- [F1]Each Common Share of Beneficial Interest of Equity Commonwealth ("Common Share") was received in exchange for one Restricted Share Unit ("RSU"), subject to the terms and conditions set forth in the applicable Equity Commonwealth equity compensation plan and the applicable RSU agreement for the Reporting Person. Reflects Common Shares that were issued to the Reporting Person as a result of certain performance criteria being met with respect to previously granted RSUs and a portion of such RSUs vesting on the Transaction Date.
- [F2]Reflects Common Shares surrendered to the Issuer to satisfy tax withholding obligations in connection with the vesting of restricted Common Shares and RSUs.
- [F3]Each RSU represents the right to receive one Common Share, subject to the terms and conditions set forth in the applicable Equity Commonwealth equity compensation plan and the applicable RSU agreement for the Reporting Person.
- [F4]On February 8, 2019, the Reporting Person received 2,294 RSUs as a result of certain performance criteria being met with respect to previously granted RSUs, vesting in two equal installments on February 8, 2019 and in February of 2020, subject to the Reporting Person's continued employment with Equity Commonwealth through such date.
- [F5]Reflects RSUs that were issued to the Reporting Person as a result of certain performance criteria being met with respect to previously granted RSUs. These RSUs will vest in February of 2021, subject to the Reporting Person's continued employment with Equity Commonwealth through such date.