-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Ub3h4JQsR0mMAZJCIRti28Fpo8bsIj7E8prjdKbne27CQhArJTLKgdGe7Z5JYYMq FYQpjehaXFTV7ODQv546Hg== 0000914121-99-000829.txt : 19990913 0000914121-99-000829.hdr.sgml : 19990913 ACCESSION NUMBER: 0000914121-99-000829 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19990831 FILED AS OF DATE: 19990910 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CORPORATE OFFICE PROPERTIES TRUST CENTRAL INDEX KEY: 0000860546 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 232947217 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: SEC FILE NUMBER: 001-14023 FILM NUMBER: 99709491 BUSINESS ADDRESS: STREET 1: 401 CITY AVENUE STREET 2: SUITE 615 CITY: BALA CYNWYD STATE: PA ZIP: 19004 BUSINESS PHONE: 6105381800 MAIL ADDRESS: STREET 1: 401 CITY AVENUE STE 615 CITY: PHILADELPHIA STATE: PA ZIP: 19004 FORMER COMPANY: FORMER CONFORMED NAME: CORPORATE OFFICE PROPERTIES TRUST INC DATE OF NAME CHANGE: 19980105 FORMER COMPANY: FORMER CONFORMED NAME: ROYALE INVESTMENTS INC DATE OF NAME CHANGE: 19930328 FORMER COMPANY: FORMER CONFORMED NAME: CROWN REIT INC DATE OF NAME CHANGE: 19600201 COMPANY DATA: COMPANY CONFORMED NAME: WALTON WILLIAM H III CENTRAL INDEX KEY: 0001058795 STANDARD INDUSTRIAL CLASSIFICATION: [] DIRECTOR FILING VALUES: FORM TYPE: 4 BUSINESS ADDRESS: STREET 1: 599 LEXINGTON AVENUE CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 9729340100 4 1 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP - ---------------------------- FORM 4 __ Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). (Print or Type Responses) - ---------------------------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940 - ------------------------------------- OMB Approval - ------------------------------------- OMB Number: 3235-0287 Expires: December 31, 2001 Estimated average burden hours per response...0.5 - -------------------------------------
- --------------------------------------------------- ------------------------------------------------------ ------------------------- 1. Name and Address of 2. Issuer Name and Ticker or Trading Symbol 6. Relationship of Reporting Person(s) to Issuer Reporting Person* (Check all applicable) X Director __ 10% Owner Officer (give title below) __ Other (specify below) Walton William H., III Corporate Office Properties Trust - OFC - ------------------------------------------------------------------------------------------------------------------------------------ (Last) (First) (Middle) 3. I.R.S. or Social 4. Statement for 7. Individual or Joint/Group Filing Security Number of Month/Year (Check Applicable Line) Reporting Person X Form Filed by One Reporting Person (Voluntary) 8/1999 __ Form Filed by More than One Reporting Person 599 Lexington Avenue, Suite 3800 - ------------------------------------------- ------------------ (Street) 5. If Amendment, Date of Original (Month/Year) New York NY 10022 - ------------------------------------------------------------------------------------------------------------------------------------ (City) (State) (Zip) Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned - ------------------------------------------ ------------- ----------------- --------------------------------------------------------- 1. Title of Security 2. Trans- 3. Transaction 4. Securities Acquired (A) 5. Amount of 6. Ownership 7. Nature of (Instr. 3) action Code (Instr. or Disposed of (D) Securities Form: Indirect Date 8) (Instr. 3, 4 and 5) Beneficially Direct (D) Beneficial (Month/ Owned at End or Indirect Ownership Day/ of Month (I) (Instr. 4) Year) (Instr. 3 (Instr. 4) and 4) - ------------------------------------------------------------------------------------------------------------------------------------ Code V Amount (A) or (D) Price - ------------------------------------------------------------------------------------------------------------------------------------ Common Shares of Beneficial Interest, $.01 par value per share ("Common Shares") 8/4/99 C(1) 372,295 A (1) I(2) (2) - ------------------------------------------------------------------------------------------------------------------------------------ Common Shares 8/30/99 S(3) 17,400 D $8.25 I(2) (2) - ------------------------------------------------------------------------------------------------------------------------------------ Common Shares 8/31/99 S(4) 2,200 D $8.25 I(2) (2) - ------------------------------------------------------------------------------------------------------------------------------------ Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. * If the form is filed by more than one reporting person, see Instruction 4(b)(v).
Page 1 of 4 SEC 1475 (3-99) FORM 4 (continued) Table II -- Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) - ------------------------------------------------------------------------------------------------------------------------------------ 1. Title 2. Conver- 3. Trans- 4. Trans- 5. Number of 6. Date 7. Title 8. Price 9. Number 10. Owner- 11. Nature of of sion or action action Derivative Exer- and of of ship Indirect Deri- Exercise Date Code Securities cisable Amount Deri- Deri- Form Beneficial vative Price of (Instr. Acquired (A) and Expi- of vative vative of Deri- Ownership Secu- Deri- (Month/ 8) or Disposed ration Under- Secu- Secu- vative (Instr. 4) rity vative Day/ of (D) Date Lying rity rities Security: (Instr. Security Year) (Instr. 3, (Month/ Securi- (Instr. Benefi- Direct 3) 4, and 5) Day/ ties 5) cially (D) or Year) (Instr. Owned Indirect 3 and 4) at End (I) of (Instr. Month 4) (Instr. 4) -------------------------------------------------- Code V (A) (D) Date Expir- Title Amount Exerci- ation or sable Date Number of Shares --------------------------------------------------- - ------------------------------------------------------------------------------------------------------------------------------------ Preferred Partnership Units in First Common 245,715 245,715 I(5) (5) Commercial, L.P. ("FCO") Shares (5) - ------------------------------------------------------------------------------------------------------------------------------------ Common 8/4/99 C(1) 372,295 Common 372,295 0 I(2) (2) Partnership Shares Units in FCO - ------------------------------------------------------------------------------------------------------------------------------------ Options (Right $8.00 5/20/99 A V 5,000 5/20/99 5/20/99 Common 5,000 (6) 12,500 D(6) (6) to buy) Shares - ------------------------------------------------------------------------------------------------------------------------------------ Explanation of Responses: None ** Intentional misstatements or omissions of /s/ WILLIAM H. WALTON III September 10, 1999 facts constitute Federal Criminal -------------------------------------------- ------------------------------ Violations. ** Signature of Reporting Person Date See 18 U.S.C. and 15 U.S.C. 78ff(a). Note: File three copies of this Form, one of which must be manually signed. If space provided is insufficient, see Instruction 6 for procedure. Potential persons who are to respond to the collection of information contained in this form are not required to respond unless form displays a currently valid OMB number.
Page 2 of 4 SEC 1475 (3-99) FORM 4 (CONTINUED) NAME AND ADDRESS OF REPORTING PERSON: William H. Walton III 599 Lexington Avenue, Suite 3800 New York, New York 10022 DATE OF EVENT REQUIRING STATEMENT: 8/1999 ISSUER NAME AND TICKER SYMBOL: Corporate Office Properties Trust - OFC ATTACHMENT A 1. On August 4, 1999, Westbrook Real Estate Fund I, L.P. ("WREF I") caused the conversion of 336,121 Common Partnership Units in FCO (the "Common Units"), Westbrook Real Estate Co-Investment Partnership I, L.P. ("WRECIP I") caused the conversion of 33,299 Common Units, and Tiger South Brunswick, L.L.C. ("Tiger") caused the conversion of 2,875 Common Units, into a like number, in each case, of the Common Shares of the issuer (collectively, the "Conversion Shares"). 2. Pursuant to Rule 13d-3 promulgated under the Securities Exchange Act of 1934, as amended (the "Act"), (a) as the only managing members of Tiger, WREF I and WRECIP I may be deemed to own beneficially the Common Units and Conversion Shares owned by Tiger, (b) as the sole general partner of WREF I and WRECIP I, Westbrook Real Estate Partners Management I, L.L.C. ("WREM I") may be deemed to own beneficially the Common Units and Conversion Shares owned by WREF I, WRECIP I and Tiger, (c) as the sole managing member of WREM I, Westbrook Real Estate Partners, L.L.C. ("WREP") may be deemed to own beneficially the Common Units and Conversion Shares owned by WREF I, WRECIP I and Tiger, and (d) as a managing member of WREP, the reporting person may be deemed to own beneficially the Common Units and Conversion Shares owned by WREF I, WRECIP I and Tiger. Pursuant to Rule 13d-4 promulgated under the Act, the reporting person disclaims beneficial ownership of all the securities reported on this statement. 3. On August 30, 1999, WREF I sold 15,710 Conversion Shares, WRECIP I sold 1,556 Conversion Shares, and Tiger sold 134 Conversion Shares. 4. On August 31, 1999, WREF I sold 1,986 Conversion Shares, WRECIP I sold 197 Conversion Shares, and Tiger sold 17 Conversion Shares. 5. WREF I is the holder of 221,840 Preferred Partnership Units of FCO (the "Preferred Units"), WRECIP I is the holder of 21,977 Preferred Units, and Tiger is the holder of 1,898 Preferred Units. Under certain circumstances holders of Preferred Units may require FCO to redeem such Preferred Units; and thereupon the issuer as general partner of FCO may, in its sole and absolute discretion, assume the redemption obligation of FCO and satisfy such obligation either (i) by redeeming such Preferred Units or (ii) by exchanging such Preferred Units for a like number of Common Shares of the issuer. On the basis of the analysis of Rule 13d-3 under the Act set forth under (2) above, the reporting person may be deemed to own beneficially the Preferred Units owned by WREF I, WRECIP I and Tiger and any underlying Page 3 of 4 SEC 1475 (3-99) Common Shares. Pursuant to Rule 13d-4 promulgated under the Act, the reporting person disclaims beneficial ownership of all the securities reported on this statement. 6. The reporting person received these securities pursuant to a grant of directors' options and has assigned all right, title and interest in such securities to WREF I and WRECIP I pursuant to a separate agreement. Pursuant to Rule 13d-4 promulgated under the Act, the reporting person disclaims beneficial ownership of all the securities reported on this statement. Page 4 of 4 SEC 1475 (3-99) -----END PRIVACY-ENHANCED MESSAGE-----