0000803649-20-000025.txt : 20200211 0000803649-20-000025.hdr.sgml : 20200211 20200211163517 ACCESSION NUMBER: 0000803649-20-000025 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20200207 FILED AS OF DATE: 20200211 DATE AS OF CHANGE: 20200211 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: MARKMAN ADAM SCOTT CENTRAL INDEX KEY: 0001613110 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-09317 FILM NUMBER: 20597124 MAIL ADDRESS: STREET 1: TWO NORTH RIVERSIDE PLAZA STREET 2: SUITE 600 CITY: CHICAGO STATE: IL ZIP: 60606 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Equity Commonwealth CENTRAL INDEX KEY: 0000803649 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 046558834 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: TWO NORTH RIVERSIDE PLAZA STREET 2: SUITE 2100 CITY: CHICAGO STATE: IL ZIP: 60606 BUSINESS PHONE: 312.646.2800 MAIL ADDRESS: STREET 1: TWO NORTH RIVERSIDE PLAZA STREET 2: SUITE 2100 CITY: CHICAGO STATE: IL ZIP: 60606 FORMER COMPANY: FORMER CONFORMED NAME: CommonWealth REIT DATE OF NAME CHANGE: 20100702 FORMER COMPANY: FORMER CONFORMED NAME: HRPT PROPERTIES TRUST DATE OF NAME CHANGE: 19980701 FORMER COMPANY: FORMER CONFORMED NAME: HEALTH & RETIREMENT PROPERTIES TRUST DATE OF NAME CHANGE: 19940811 4 1 wf-form4_158145690004452.xml FORM 4 X0306 4 2020-02-07 0 0000803649 Equity Commonwealth EQC 0001613110 MARKMAN ADAM SCOTT C/O EQUITY COMMONWEALTH TWO NORTH RIVERSIDE PLAZA, SUITE 2100 CHICAGO IL 60606 0 1 0 0 EVP, CFO & Treasurer Common Shares of Beneficial Interest 2020-02-07 4 M 0 27116 A 182117 I See footnote Common Shares of Beneficial Interest 2020-02-07 4 F 0 18507 32.77 D 163610 I See footnote Restricted Share Units 2020-02-07 4 M 0 27116 D Common Shares of Beneficial Interest 27116.0 0 I See footnote LTIP Units 2020-02-07 4 A 0 59276 A Common Shares of Beneficial Interest 59276.0 59276 I See footnote 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. These shares/units, as applicable, are held by The Adam and Sarah Markman Trust, of which the Reporting Person is the co-trustee and a beneficiary. Reflects Common Shares surrendered to the Issuer to satisfy tax withholding obligations in connection with the vesting of restricted Common Shares and RSUs. 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. On February 8, 2019, the Reporting Person received 54,233 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. Each LTIP Unit converts 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. Represents LTIP Units issued pursuant to the applicable Equity Commonwealth equity compensation plan. The LTIP Units (or OP Units as applicable) were issued to the Reporting Person as a result of certain performance criteria being met with respect to previously granted LTIP Units, 50% of which are vested (and converted to OP Units) as of the date hereof and 50% of which will vest in February of 2021, subject to the Reporting Person's continued employment with Equity Commonwealth through such date. /s/ Orrin S. Shifrin, attorney-in-fact 2020-02-11