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Company NameFranklin Street Properties Corp.
Offering TypeFollow-On
DescriptionCommon Stock
Currency of IssueUSD
Trading Symbol (Exchange)FSP (NYSEAM)
Announcement Date5/6/2013
Trade Date5/9/2013
Settlement Date5/15/2013
Completion Date5/9/2013
Overallotment Expiration6/14/2013
Lock-up Expiration8/7/2013
Date Overallotment Exercised5/15/2013
Shelf Filing Date4/27/2012
Mandatory Redemption?No
Exchange for Existing Issue?No

Use of Proceeds
The company intends to use a portion of the net proceeds from this offering to fund the cash consideration for the acquisitions of 999 Peachtree and 1999 Broadway. To the extent either or both acquisitions are not completed, the company intends to use the balance of the net proceeds to repay indebtedness under its senior unsecured credit facility and for general corporate purposes, including funding future acquisitions and investments. Pending application of cash proceeds, the company will invest the net proceeds from this offering in interest-bearing accounts and short-term, interest-bearing securities in a manner that is consistent with its intention to qualify for taxation as a REIT.

Offer Price ($)14.00
Gross Amount Offered ($000)210,000
Amount Including Overallotment ($000)241,500
Shares Offered15,000,000
Total Shares Offered17,250,000

Overallotment Amount Available ($000)31,500
Overallotment Shares Available2,250,000
Overallotment Amount Exercised ($000)31,500
Overallotment Shares Exercised2,250,000

Underwriting Fees
Gross Spread ($)0.56
Gross Spread (%)4.00
Sales Concession ($)0.33

UnderwritersShares UnderwrittenAmount Underwritten($000)
Book Manager(s)
  Merrill Lynch, Pierce, Fenner & Smith Incorporated6,000,00084,000
  BMO Capital Markets Corp.3,000,00042,000
  Robert W. Baird & Co. Incorporated3,000,00042,000
  PNC Capital Markets LLC1,500,00021,000
  NatWest Markets Securities Inc.450,0006,300
  Capital One Securities, Inc.300,0004,200
  Piper Jaffray & Co.300,0004,200
  TD Securities (USA) LLC300,0004,200
  BB&T Capital Markets150,0002,100

Issuer's CounselWilmer Cutler Pickering Hale and Dorr, LLP
Underwriter's CounselGoodwin Procter, LLP
Auditor(s)Ernst & Young LLP
Clearing House(s)Depository Trust Company

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