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FORM 5 WASHINGTON, D.C. 20549 OMB APPROVAL
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/ / CHECK BOX IF NO LONGER ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OMB NUMBER: 3235-0362
SUBJECT TO SECTION 16. EXPIRES: SEPTEMBER 30, 1998
FORM 4 OR FORM 5 OBLI- Filed pursuant to Section 16(a) of the Public Utility ESTIMATED AVERAGE BURDEN
GATIONS MAY CONTINUE. Holding Company Act of 1935 or Section 30(f) of the HOURS PER RESPONSE...1.0
SEE INSTRUCTION 1(B). Investment Company Act of 1940
/ / FORM 3 HOLDINGS REPORTED
/ / FORM 4 TRANSACTION REPORTED
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1. Name and address of Reporting Person 2. Issuer Name and Ticket or Trading Symbol 6. Relationship of Reporting Person(s)
to Issuer (Check all applicable)
Director 10% Owner
X ---
Walton III William H Corporate Office Properties Trust ---
- --------------------------------------------------------- Officer (give Other (specify
(Last) (First) (Middle) 3. IRS or Social Security 4. Statement for --- title --- below)
Number of Reporting Month/Year below)
Person (Voluntary) ---------------------
599 Lexington Ave, Suite 3800 12/98
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(Street) 5. If Amendment, 7. Individual or Joint/Group Reporting
Date of Original (check applicable line)
(Month/Year) X Form Filed by One Reporting Person
---
Form Filed by More than One Reporting
New York NY 10022 --- Person
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(City) (State) (Zip) TABLE 1 -- NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
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1. Title of Security 2. Trans- 3. Trans- 4. Securities acquired (A) 5. Amount of 6. Owner- 7. Nature of
(Instr. 3) action action Disposed of (D) Securities ship Indirect
Date Code (Instr. 3,4 and 6) Beneficially Form: Beneficial
(Instr. B) Owned at and Direct Ownership
(Month/ end of (D) or (Instr. 4)
Day/ ----------------------------- Issuer's Indirect
Year) Amount (A) or Price Fiscal Year (I)
(D) (Instr. 3 (Instr.
and 4) 4)
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NONE
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*If the form is filed by more than one reporting person, see instruction 4(b)(v). (Over)
SEC 2270 (7/97)
POTENTIAL PERSONS WHO ARE TO 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.
FORM 5 (CONTINUED) TABLE II - DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(e.g., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
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1. Title of Derivative 2. Conver- 3. Trans- 4. Trans- 5. Number of 6. Date Exercisable
Security (Instr. 3) sion of action action Derivative and Expiration
Exercise Date Code Securities Date
Price of (Month/ (Instr. 8) Acquired Month/Day/
Deriv- (Day/ (A) or Year)
ative Year) Disposed of
Security (D)
(Instr. 3, 4, and 5)
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Date Expir-
------------------- Exer- ation
cisable Date
(A) (D)
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SHARE OPTIONS(Right to Buy) $ 7.59 10/24/97 A 2,500 10/24/98 10/23/07
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SHARE OPTIONS(Right to Buy) $12.25 3/12/98 A 5,000 3/12/99 3/11/08
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7. Title and Amount of 8. Price of 9. Number of 10. Ownership 11. Nature of
Underlying Securities Derivative Derivative of Derivative Indirect
(Instr. 3 and 4) Security Securities Security: Beneficial
(Instr. 5) Beneficially Direct (D) or Ownership
Owned at Indirect (I) (Instr. 4)
- -------------------------- End of Year (Instr. 4)
Amount or (Instr. 4)
Title Number of
Shares
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COMMON SHARES 2,500 D* *
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COMMON SHARES 5,000 7,500 D* *
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Explanation of Responses:
*The Reporting Person received these shares pursuant to a grant of Director's
options and has assigned certain rights of beneficial ownership of such
options to Westbrook Real Estate Co-investment Partnership I,L.P and
Westbrook Real Estate Fund I,L.P pursuant to a separate agreement. The
reporting person disclaims beneficial ownership of the shares.
/s/ William H. Walton III 4/1/99
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**Intentional misstatements **Signature of Reporting Person Date
or omissions of facts
constitute Federal Criminal
Violations. See 18 U.S.C. 1001
and 15 U.S.C. 75ff (a).
Note: File three copies of this Form, one of which must be mutually signed,
If space provided is insufficient, SEE Instruction 8 for procedure.
Potential persons who are to respond to the collection of information
contained in this form are not required to respond unless the form displays
a currently valid OMB number.
SEC 2270 (7-97)