Statement of Changes in Beneficial Ownership (4)
February 21 2023 - 04:39PM
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).
|
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL
OWNERSHIP OF SECURITIES
|
OMB
APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response... 0.5 |
|
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 * Bowers
Robert E |
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)_____
Director _____
10% Owner
__X__ Officer (give title
below) _____ Other
(specify below)
EVP-CFO&Admin Off |
(Last)
(First)
(Middle)
5565 GLENRIDGE CONNECTOR, STE. 450 |
3. Date of Earliest Transaction (MM/DD/YYYY)
2/17/2023
|
(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 |
2/17/2023 |
|
M |
|
7289 |
A |
(1)(2) |
342194 |
D |
|
Common Stock |
2/17/2023 |
|
F |
|
3507 (1) |
D |
$10.04 |
338687 |
D |
|
Common Stock |
2/19/2023 |
|
M |
|
4660 |
A |
(2)(3) |
343347 |
D |
|
Common Stock |
2/19/2023 |
|
F |
|
2242 (3) |
D |
$10.04 |
341105 |
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) |
2/17/2023 |
|
M |
|
|
7289 |
(1) |
(1) |
Common Stock |
7289.0 |
$0 |
66514 |
D |
|
Restricted Stock Units |
$0.0 (2) |
2/19/2023 |
|
M |
|
|
4660 |
(3) |
(3) |
Common Stock |
4660.0 |
$0 |
61854 |
D |
|
Explanation of
Responses: |
(1) |
On February 17, 2021, the
reporting person was granted 29,155 restricted stock units, vesting
in four equal, annual installments beginning on the grant date. On
February 17, 2023, 25% of the grant vested (7,289 shares) and were
settled in PDM common stock. In connection with this vesting, 3,507
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 19, 2020, the
reporting person was granted 18,640 restricted stock units, vesting
in four equal, annual installments beginning on the grant date. On
February 19, 2023, the final 25% of the grant vested (4,660 shares)
and were settled in PDM common stock. In connection with this
vesting, 2,242 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 |
Bowers Robert E
5565 GLENRIDGE CONNECTOR
STE. 450
ATLANTA, GA 30342 |
|
|
EVP-CFO&Admin Off |
|
Signatures
|
/s/ Laura P. Moon as Attorney-in-Fact for Robert
E. Bowers |
|
2/21/2023 |
**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. |
Piedmont Office Realty (NYSE:PDM)
Historical Stock Chart
From Aug 2023 to Sep 2023
Piedmont Office Realty (NYSE:PDM)
Historical Stock Chart
From Sep 2022 to Sep 2023