COPT DEFENSE PROPERTIES — Director's Dealing 2020

Mar 3, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CORPORATE OFFICE PROPERTIES TRUST (OFC)
CIK: 0000860546
Period of Report: 2020-03-01

Reporting Person: Adkins Paul R (Executive Vice President &COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-03-01	Common Shares	F	693	$25.34	Disposed	36644	Direct
2020-03-01	Common Shares	F	1131	$25.34	Disposed	35513	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-03-01	Profit Interest Units	$	A	13513	Acquired		Common Shares (13513)	Direct

Footnotes

F1: These shares were forfeited in a net share settlement in connection with restrictions lapsing on restricted shares.

F2: Each Profit Interest Unit will convert automatically into one share of beneficial interest, designated as a unit (an "OP Unit"), in Corporate Office Properties, L.P. when such Profit Interest Unit becomes vested and upon equalization of its capital account balance. OP Units are redeemable for cash, or, at the option of Corporate Office Properties Trust, exchangeable for common shares of Corporate Office Properties Trust, currently on a one-for-one basis.

F3: Represents Profit Interest Units issued pursuant to the Corporate Office Properties Trust 2017 Omnibus Equity and Incentive Plan.

F4: The Profit Interest Units will vest in three equal installments over a three-year period.