COPT Defense Properties Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2011

Schedule of fair value assets and liabilities measured on recurring basis

The table below sets forth our financial assets and liabilities that are accounted for at fair value on a recurring basis as of September 30, 2011 and the hierarchy level of inputs used in measuring their respective fair values under applicable accounting standards (in thousands):

	Quoted Prices in
	Active Markets for		Significant Other		Significant
	Identical Assets		Observable Inputs		Unobservable Inputs
Description	(Level 1)		(Level 2)		(Level 3)	Total
Assets:
Marketable securities in deferred compensation plan (1)
Mutual funds	$	5,393	$		$	$	5,393
Common stocks	845					845
Preferred stocks	314					314
Cash and cash equivalents	271					271
Other	200					200
Common stock (1)	18,450					18,450
Warrants to purchase common shares in KEYW (2)			121			121
Assets	$	25,473	$	121	$	$	25,594

Liabilities:
Deferred compensation plan liability (3)	$	7,023	$		$	$	7,023
Interest rate derivatives			30,629			30,629
Liabilities	$	7,023	$	30,629	$	$	37,652

(1)	Included in the line entitled restricted cash and marketable securities on our consolidated balance sheet.
(2)	Included in the line entitled prepaid expenses and other assets on our consolidated balance sheet. We own warrants to purchase common shares in The KEYW Holding Corporation (KEYW).
(3)	Included in the line entitled other liabilities on our consolidated balance sheet.