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