FRANKLIN STREET PROPERTIES CORP /MA/ — Director's Dealing 2021

May 21, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FRANKLIN STREET PROPERTIES CORP /MA/ (FSP)
CIK: 0001031316
Period of Report: 2021-05-20

Reporting Person: MCGILLICUDDY DENNIS J (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-05-20	Common Stock	A	11094	$5.07	Acquired	27268	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3146136	Indirect
Common Stock	14091	Indirect
Common Stock	8946	Indirect
Common Stock	404499	Indirect

Footnotes

F1: The shares were issued to the reporting person pursuant to the Franklin Street Properties Corp. 2002 Stock Incentive Plan.

F2: Shares held by McGillicuddy Investments Limited Partnership III (the "Partnership"). Mr. McGillicuddy is a limited partner of the Partnership and does not have the power to vote these shares.

F3: Shares held by the reporting person's spouse. The reporting person disclaims beneficial ownership of these shares, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such shares for purposes of Section 16 or for any other purpose.

F4: Shares held by various trusts for the reporting person's grandchildren, of which the reporting person's spouse is a trustee. The reporting person disclaims beneficial ownership of these shares, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such shares for purposes of Section 16 or for any other purpose.

F5: Shares held by McGillicuddy FLP Irrevocable Trust of 2003, the beneficiary of which is a limited partnership of which the reporting person is the general partner.