Sec Form 4 Filing - Wells George M. @ Piedmont Office Realty Trust, Inc. - 2022-02-17

Insider filing report for Changes in Beneficial Ownership
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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
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Wells George M.
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- Chief Operating Officer
(Last) (First) (Middle)
5565 GLENRIDGE CONNECTOR, STE. 450
3. Date of Earliest Transaction (MM/DD/YY)
02/17/2022
(Street)
ATLANTA, GA30342
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 02/17/2022 M 3,061 A 82,985 D
Common Stock 02/17/2022 F 1,473( 3 ) D $ 17.11 81,512 D
Common Stock 02/19/2022 M 1,280 A 82,792 D
Common Stock 02/19/2022 F 616( 5 ) D $ 17.02 82,176 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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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( 2 ) 02/17/2022 M 3,061 ( 6 ) ( 6 ) Common Stock 3,061 $ 0 18,696 D
Restricted Stock Units $ 0( 2 ) 02/19/2022 M 1,280 ( 7 ) ( 7 ) Common Stock 1,280 $ 0 17,416 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Wells George M.
5565 GLENRIDGE CONNECTOR
STE. 450
ATLANTA, GA30342
EVP- Chief Operating Officer
Signatures
/s/ Laura P. Moon as Attorney-in-Fact for George M. Wells 02/22/2022
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Represents the vesting of 25% of a grant issued on February 17, 2021 of restricted stock units, which were settled in PDM common stock.
( 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 )In connection with the vesting on February 17, 2022 reported above, 1,473 shares were forfeited by the employee and delivered to PDM to satisfy tax withholding obligations.
( 4 )Represents the vesting of 25% of a grant issued on February 19, 2020 of restricted stock units, which were settled in PDM common stock.
( 5 )In connection with the vesting on February 19, 2022 reported above, 616 shares were forfeited by the employee and delivered to PDM to satisfy tax withholding obligations.
( 6 )On February 17, 2021, the reporting person was granted 12,245 restricted stock units, vesting in four equal, annual installments beginning on the grant date.
( 7 )On February 19, 2020, the reporting person was granted 5,121 restricted stock units, vesting in four equal, annual installments beginning on the grant 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).

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