Statement of Changes in Beneficial Ownership (4)
February 14 2023 - 05:19PM
Edgar (US Regulatory)
FORM 4
[ ] Check this box if no longer subject to Section
16. Form 4 or Form 5 obligations may continue. See
Instruction 1(b).
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL
OWNERSHIP OF SECURITIES
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OMB
APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response... 0.5 |
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Filed pursuant to Section 16(a) of the
Securities Exchange Act of 1934 or Section 30(h) of the Investment
Company Act of 1940
|
|
1. Name
and Address of Reporting Person * Smith
Christopher Brent |
2. Issuer Name and Ticker or Trading
Symbol Piedmont Office Realty Trust, Inc. [ PDM
] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)__X__
Director _____
10% Owner
__X__ Officer (give title
below) _____ Other
(specify below)
President & Chief Exec. Off |
(Last)
(First)
(Middle)
5565 GLENRIDGE CONNECTOR, STE. 450 |
3. Date of Earliest Transaction (MM/DD/YYYY)
2/10/2023
|
(Street)
ATLANTA, GA 30342
(City)
(State)
(Zip)
|
4. If Amendment, Date Original Filed
(MM/DD/YYYY)
|
6. Individual or Joint/Group Filing
(Check Applicable Line) _X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person |
Table I - Non-Derivative Securities Acquired, Disposed of, or
Beneficially Owned
|
1.Title of Security
(Instr. 3) |
2. Trans. Date |
2A. Deemed Execution Date, if any |
3. Trans. Code
(Instr. 8) |
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) |
5. Amount of Securities Beneficially Owned Following
Reported Transaction(s)
(Instr. 3 and 4) |
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4) |
7. Nature of Indirect Beneficial Ownership (Instr.
4) |
Code |
V |
Amount |
(A) or (D) |
Price |
Common Stock |
2/10/2023 |
|
M |
|
15579 |
A |
(1)(2) |
247849 |
D |
|
Common Stock |
2/10/2023 |
|
F |
|
7494 (1) |
D |
$10.40 |
240355 |
D |
|
Common Stock |
2/13/2023 |
|
M |
|
37678 |
A |
(2)(3) |
278033 |
D |
|
Common Stock |
2/13/2023 |
|
F |
|
18124 (3) |
D |
$10.55 |
259909 |
D |
|
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible
securities)
|
1. Title of Derivate Security
(Instr. 3) |
2. Conversion or Exercise Price of Derivative
Security |
3. Trans. Date |
3A. Deemed Execution Date, if any |
4. Trans. Code
(Instr. 8) |
5. Number of Derivative Securities Acquired (A) or
Disposed of (D)
(Instr. 3, 4 and 5) |
6. Date Exercisable and Expiration Date |
7. Title and Amount of Securities Underlying
Derivative Security
(Instr. 3 and 4) |
8. Price of Derivative Security
(Instr. 5) |
9. Number of derivative Securities Beneficially
Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct
(D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr.
4) |
Code |
V |
(A) |
(D) |
Date Exercisable |
Expiration Date |
Title |
Amount or Number of Shares |
Restricted Stock Units |
$0.0 (2) |
2/10/2023 |
|
M |
|
|
15579 |
(1) |
(1) |
Common Stock |
15579.0 |
$0 |
61905 |
D |
|
Restricted Stock Units |
$0.0 (2) |
2/13/2023 |
|
A |
|
150711 |
|
(3) |
(3) |
Common Stock |
150711.0 |
$0 |
212616 |
D |
|
Restricted Stock Units |
$0.0 (2) |
2/13/2023 |
|
M |
|
|
37678 |
(3) |
(3) |
Common Stock |
37678.0 |
$0 |
174938 |
D |
|
Explanation of
Responses: |
(1) |
On February 10, 2022, the
reporting person was granted 62,315 restricted stock units, vesting
in four equal, annual installments beginning on the grant date. On
February 10, 2023, 25% of the grant vested (15,579 shares), and
were settled in PDM common stock. In connection with this vesting,
7,494 shares were forfeited by the employee and delivered to PDM to
satisfy tax withholding obligations. |
(2) |
Each restricted stock unit
represents a contingent right to receive one share of PDM common
stock. Restricted stock units may be settled in cash or common
stock at PDM's election. |
(3) |
On February 13, 2023, the
reporting person was granted 150,711 restricted stock units,
vesting in four equal, annual installments beginning on the grant
date. As such, 25% of the grant vested (37,678 shares) on February
13, 2023, and were settled in PDM common stock. In connection with
this vesting, 18,124 shares were forfeited by the employee and
delivered to PDM to satisfy tax withholding
obligations. |
Reporting
Owners
|
Reporting Owner Name / Address |
Relationships
|
Director |
10% Owner |
Officer |
Other |
Smith Christopher Brent
5565 GLENRIDGE CONNECTOR
STE. 450
ATLANTA, GA 30342 |
X |
|
President & Chief Exec. Off |
|
Signatures
|
/s/ Laura P. Moon as Attorney-in-Fact for
Christopher Brent Smith |
|
2/14/2023 |
**Signature of
Reporting Person |
Date |
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). |
** |
Intentional misstatements or omissions
of facts constitute Federal Criminal Violations. See 18
U.S.C. 1001 and 15 U.S.C. 78ff(a). |
Note: |
File three copies of this Form, one of
which must be manually signed. If space is insufficient, see
Instruction 6 for procedure. |
Persons who respond to the collection of information
contained in this form are not required to respond unless the form
displays a currently valid OMB control number. |
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