Columbia Property Trust (CXP) Form 4 COLUMBIA PROPERTY TRUST / Jeffrey K. Gronning ownership change

SEC Form 4

FORM 4

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
or Section 30(h) of the Investment Company Act of 1940

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X

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Gronning Jeffrey K.

(Last) (First) (Middle)

315 PARK AVENUE SOUTH

(Street)

NEW YORK NY 10010

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
COLUMBIA PROPERTY TRUST, INC. [ CXP ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Chief Investment Officer

3. Date of Earliest Transaction (Month/Day/Year)
12/08/2021

4. If Amendment, Date of Original Filed (Month/Day/Year)

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. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction 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	12/08/2021		A		127,347(1)	A	$0	175,923	D
Common Stock	12/08/2021		D		175,923(2)	D	$19.3	0	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction 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 (Month/Day/Year)		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: 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
Series A Convertible, Perpetual Preferred OP Unit	(3)	12/08/2021		M			733,994	(3)	(3)	Common Unit	733,994	(3)	0	D

Explanation of Responses:

1. Award made in accordance with the Columbia Property Trust Amended and Restated 2013 Long Term Incentive Plan (the "Plan"). This award is made as a result of the company having met certain performance criteria relative to an office REIT peer group, pursuant to the grant of the performance-based stock unit awards on January 1, 2021.

2. All common stock was disposed of, pursuant to the merger of Panther Merger Parent, Inc. with and into Columbia Property Trust, Inc. (the "Company") pursuant to the terms of the Merger Agreement, dated as of September 7, 2021, among the Company, Columbia Property Trust Operating Partnership, LP (the "Operating Partnership"), Panther Merger Parent, Inc., and Panther Merger Sub, LLC (the "Merger Agreement"), in exchange for $19.30 in cash per share, less any applicable withholding.

3. All Series A Convertible, Perpetual Preferred OP Units of Columbia Property Trust Operating Partnership, LP ("Company OP") were cancelled and converted to the right to receive $26.50 in cash, pursuant to the merger of Panther Merger Sub, LLC ("Merger Sub") with and into Company OP (the "Partnership Merger") pursuant to the terms of the Merger Agreement, dated as of September 7, 2021, among Columbia Property Trust, Inc., Company OP, Panther Merger Parent, Inc., and Merger Sub, LLC.

Remarks:

	/s/ Wendy W. Gill, attorney-in-fact for Jeffrey K. Gronning	12/10/2021
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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