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OMB APPROVAL
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OMB Number3235-0287
Expires:September 30, 1998
Estimated average burden
hours per response ....... 0.5
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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4
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(f) of the Investment Company Act of 1940
[_] Check box if no longer subject of Section 16. Form 4 or Form 5 obligations
may continue. See Instruction 1(b).
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1. Name and Address of Reporting Person*
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(Last) (First) (Middle)
CONSTELLATION ENERGY GROUP, INC. (FORMERLY BALTIMORE GAS AND ELECTRIC CO.)
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(Street)
250 W. PRATT STREET
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(City) (State) (Zip)
BALTIMORE, MARYLAND 21201
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2. Issuer Name and Ticker or Trading Symbol
CORPORATE OFFICE PROPERTIES TRUST ("OFC")
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3. IRS Identification Number of Reporting Person, if an Entity (Voluntary)
52-1964611
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4. Statement for Month/Year
SEPTEMBER 2000
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person to Issuer
(Check all applicable)
[_] Director [X] 10% Owner
[_] Officer (give title below) [_] Other (specify below)
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7. Individual or Joint/Group Filing (Check applicable line)
[_] Form filed by one Reporting Person
[X] Form filed by more than one Reporting Person
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Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
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<TABLE>
<CAPTION>
6.
4. 5. Owner-
Securities Acquired (A) or Amount of ship
3. Disposed of (D) Securities Form: 7.
Transaction (Instr. 3, 4 and 5) Beneficially Direct Nature of
2. Code ------------------------------- Owned at End (D) or Indirect
1. Transaction (Instr. 8) (A) of Month Indirect Beneficial
Title of Security Date ------------ Amount or Price (Instr. 3 (I) Ownership
(Instr. 3) (mm/dd/yy) Code V (D) and 4) (Instr.4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
COMMON SHARES OF BENEFICIAL INTEREST 9/29/00 C(a) 1,845,378 (A) (a) 8,876,171 I (b)
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</TABLE>
* If the Form is filed by more than one Reporting Person, see Instruction
4(b)(v).
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
(Print or Type Responses)
(Over)
(Form 4-07/98)
Page 1 of 3
<PAGE>
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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<TABLE>
<CAPTION>
10.
9. Owner-
Number ship
of Form
2. Deriv- of
Conver- 5. 7. ative Deriv- 11.
sion Number of Title and Amount Secur- ative Nature
or Derivative 6. of Underlying 8. ities Secur- of
Exer- 4. Securities Date Securities Price Bene- ity: In-
cise 3. Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of ficially Direct direct
Price Trans- action or Disposed Expiration Date ---------------- Deriv- Owned (D) or Bene-
1. of action Code of(D) (Month/Day/Year) Amount ative at End In- ficial
Title of Deriv- Date (Instr. (Instr. 3, ---------------- or Secur- of direct Owner-
Derivative ative (Month/ 8) 4 and 5) Date Expira- Number ity Month (I) ship
Security Secur- Day/ ------ ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr.
(Instr. 3) ity Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
SERIES A 1.8748 9/29/00 C(a) 984,308 9/29/00 -- COMMON SHARES (a) 1 1 (b)
CONVERTIBLE SHARES OF
PREFERRED SHARES COMMON
OF BENEFICIAL SHARES FOR
INTEREST EACH SHARE OF
SERIES A
PREFERRED
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</TABLE>
Explanation of Responses:
(a) Acquired pursuant to the terms of a Contribution Agreement, dated as of
May 14, 1998 and September 28, 1998, by and among the entities listed therein as
sellers and Corporate Office Properties, L.P. and the Issuer and a Service
Company Asset Contribution Agreement, dated as of May 14, 1998 by and among
Constellation Real Estate, Inc., KMS Oldco, Inc., Constellation Real Estate
Group, Inc., Corporate Office Properties, L.P. and the Issuer. The Common Shares
of Beneficial Interest and the Series A Convertible Preferred Shares of
Beneficial Interest were acquired in exchange for real property and other assets
transferred to the Issuer. The Series A Convertible Preferred Shares of
Beneficial Interest are convertible into Common Shares of Beneficial Interest at
the conversion rate of 1.8748 Shares of Common Shares for each Share of Series A
Preferred after September 28, 2000.
(b) The Common Shares of Beneficial Interest and the Series A Convertible
Preferred Shares of Beneficial Interest are held by Constellation Real Estate,
Inc. (formerly Constellation Properties, Inc.), a wholly owned subsidiary of
Constellation Real Estate Group, Inc., which is a wholly owned subsidiary of
Constellation Holdings, Inc., which is a wholly owned subsidiary of
Constellation Enterprises, Inc., which is a wholly owned subsidiary of
Constellation Energy Group, Inc.
/s/ David A. Brune 10/10/00
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**Signature of Reporting Person Date
David A. Brune
Vice President, Chief Financial Officer and Secretary
Constellation Energy Group, Inc.
Vice President, Chief Financial Officer and Secretary
Constellation Enterprises, Inc.
Chairman of the Board
Constellation Real Estate, Inc.
** 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 provided is insufficient, see Instruction 6 for procedure.
Page 2 of 3
<PAGE>
JOINT FILING
LSITING OF OTHER REPORTING PERSONS
REPORTING PERSONS IRS NUMBER
Constellation Real Estate, Inc. 52-1237835
(formerly Constellation Properties, Inc.)
Constellation Enterprises, Inc. 52-2080643
Page 3 of 3
