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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
FORM 4 OMP APPROVAL
( ) Check this box if no longer OMB Number: 3235-0287
subject to Section 16. Form 4 or Expires: September 30, 1998
Form 5 obligation may continue. Estimated average burden
See Instruction 1(b). hours per response........ 0.5
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(f) of the Investment Company Act of 1940
<S> <C> <C>
1. Name and Address of Reporting Person* 2. Issuer Name and Ticker or Trading Symbol 6. Relationship of Reporting Person(s)
to Issuer (Check all applicable)
Reschke Michael W. Prime Group Realty Trust (PGE)
(Last) (First) (Middle)
X Director 10% Owner
Prime Group Realty Trust 3. IRS or Social Security 4. Statement for ----- -----
77 W. Wacker Drive, Suite 3900 Number of Reporting Month/Year
(Street) Person (Voluntary) X Officer (give Other
February/1999 ----- title below) ----- (specify
Chicago IL 60601 below)
(City) (State) (Zip)
5. If Amendment, Chairman of the Board, Trustee
Date of Original ------------------------------
(Month/Year)
7. Individual or Joint/Group Filing
(Check Applicable Line)
X Form filed by One Reporting
----- Person
Form filed by More than One
----- Reporting Person
Page 1 of 4
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Table I - 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. Ownership 7. Nature of
(Instr. 3) action action or Disposed of (D) Securities Form: Indirect
Date Code (Instr. 3, 4 and 5) Beneficially Direct Beneficial
(Instr. 8) Owned at (D) or Owner-
(Month/ ---------------------------------------- End of Month Indirect ship
Day/ Code V Amount (A) or Price (I)
Year) (D) (Instr. 3 and 4) (Instr. 4) (Instr. 4)
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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).
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 1474 (7-97)
Page 2 of 4
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FORM 4 (continued) Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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<S> <C> <C> <C> <C> <C>
1. Title of 2. Conver- 3. Trans- 4. Transac- 5. Number of Derivative 6. Date Exercisable
Derivative Security sion or action tion Code Securities Acquired and Expiration
(Instr. 3) Exercise Date (Instr. 8) (A) or Disposed of Date
Price of (D) (Instr. 3, 4 and 5)
Deriv- (Month/ (Month/Day/Year)
ative Day/
Security Year)
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Date Expira-
Code V (A) (D) Exer- tion
cisable Date
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Common Units of
Prime Group Realty, L.P. (1) $ 15.00 02/08/99 A 256,572 (2) 12/15/98
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7. Title and Amount of 8. Price of 9. Number of 10. Owner- 11. Nature of
Underlying Securities Derivative Deriv- ship Indirect
(Instr. 3 and 4) Security ative Form of Beneficial
(Instr. 5) Securities Deriva- Owner-
Bene- tive ship
ficially Security: (Instr. 4)
Owned at Direct (D)
End of or Indirect
Month (I)
(Instr. 4)
(Instr. 4)
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Amount
Title or Number
of Shares
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Common
Shares 256,572 8,248,990 I (3)
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Explanation of Responses:
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/s/ Michael W. Reschke 3/10/99
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**Signature of Reporting Person Date
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a)
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient,
see Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained Page 2
in this form are not required to respond unless the form displays a currently valid OMB Number. SEC 1474 (7-97)
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FORM 4 (continued)
ADDITIONAL INFORMATION TO FORM 4 FOR FEBRUARY, 1999
OF MICHAEL W. RESCHKE
CHAIRMAN OF THE BOARD AND TRUSTEE OF PRIME GROUP REALTY TRUST (PGE)
(1) Under the terms of that certain Amended and Restated Agreement of Limited
Partnership of Prime Group Realty, L.P. dated as of November 17, 1997, as
amended, each Common Unit of Prime Group Realty, L.P. may, at the option of
the holder thereof, be exchanged at any time for one Common Share of
Beneficial Interest, par value $.01 per share, of Prime Group Realty Trust
(the "Company") or, at the option of the Company, cash in an amount equal
to the value of such share.
(2) These Common Units were acquired by Prime Group VI, L.P. whose general
partner is PGLP, Inc., of which Mr. Reschke is the controlling shareholder.
(3) Information presented includes the 304,097 Common Units held by Prime Group
VI, L.P. whose general partner is PGLP, Inc., of which Mr. Reschke is the
controlling shareholder. Information presented also includes the 7,944,893
Common Units held by Primestone Investment Partners, L.P. ("Primestone").
Mr. Reschke is the Chairman, Chief Executive Officer and majority
shareholder of The Prime Group, Inc. ("PGI"). PGI and its affiliates
control PG/Primestone, L.L.C. which is the Administrative Member of
Primestone.
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