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    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">UNITED
STATES</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">SECURITIES
AND EXCHANGE COMMISSION</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Washington,
D.C. 20549</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">FORM
8-K</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">CURRENT
REPORT</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pursuant
to Section 13 or 15(d) of</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
Securities Exchange Act of 1934</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Date of
Report (Date of earliest event reported):&#160;&#160;December 30,
2009</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
            <td valign="top" width="90%" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">PACIFIC
      OFFICE PROPERTIES TRUST, INC.</font></div>
            </td>
          </tr><tr>
            <td valign="top" width="90%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(Exact
      name of registrant as specified in its
charter)</font></div>
            </td>
          </tr></table>
    </div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
            <td valign="top" width="30%" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Maryland</font></div>
            </td>
            <td valign="top" width="30%" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">001-9900</font></div>
            </td>
            <td valign="top" width="30%" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">86-0602478</font></div>
            </td>
          </tr><tr>
            <td valign="top" width="30%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(State
      or other jurisdiction</font></div>
            </td>
            <td valign="top" width="30%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(Commission</font></div>
            </td>
            <td valign="top" width="30%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(IRS
      Employer</font></div>
            </td>
          </tr><tr>
            <td valign="top" width="30%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">of
      incorporation)</font></div>
            </td>
            <td valign="top" width="30%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">File
      Number)</font></div>
            </td>
            <td valign="top" width="30%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Identification
      No.)</font></div>
            </td>
          </tr></table>
    </div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
            <td valign="top" width="60%" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">233
      Wilshire Blvd.</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Suite
      310</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Santa
      Monica, California</font></div>
            </td>
            <td valign="top" width="30%" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">90401</font></div>
            </td>
          </tr><tr>
            <td valign="top" width="60%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(Address
      of principal executive offices)</font></div>
            </td>
            <td valign="top" width="30%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(Zip
      Code)</font></div>
            </td>
          </tr></table>
    </div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman; TEXT-DECORATION: underline">(310)
395-2083</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Registrant&#8217;s
telephone number, including area code)</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
            <td valign="top" width="90%" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Not
      applicable</font></div>
            </td>
          </tr><tr>
            <td valign="top" width="90%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(Former
      name or former address, if changed since last
  report.)</font></div>
            </td>
          </tr></table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2. below):</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">[ ]
Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">[ ]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">[ ]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
(17 CFR 240.14d-2(b))</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">[ ]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
(17 CFR 240.13e-4(c))</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div><br>
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      <div id="FTR">
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</font></div>
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        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
</font></div>
      </div>
    </div><br>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Item
1.01.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Entry
into a Material Definitive Agreement.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; TEXT-DECORATION: underline">Second Amended and Restated
Agreement of Limited Partnership</font></font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
December 30, 2009, Pacific Office Properties Trust, Inc., a Maryland corporation
(the &#8220;Company&#8221;), as sole general partner of Pacific Office Properties, L.P., a
Delaware limited partnership (the &#8220;Operating Partnership&#8221;), executed the Second
Amended and Restated Agreement of Limited Partnership of the Operating
Partnership (the &#8220;Amended Agreement&#8221;), which amends and restates the Amended and
Restated Agreement of Limited Partnership of the Operating Partnership dated as
of March 19, 2008.&#160;&#160;The Amended Agreement establishes the terms of a
new series of partnership units designated as &#8220;Senior Common Units&#8221; in
connection with the Company&#8217;s contemplated offering of Senior Common
Stock.&#160;&#160;The Senior Common Units will rank, as to distributions and
upon liquidation, senior to the Common Units and Class A Convertible Preferred
Units of the Operating Partnership.&#160;&#160;The Amended Agreement also amends
the terms pursuant to which the Operating Partnership may incur debt to the
Company and removes the requirement that the Company contribute to the Operating
Partnership the cash proceeds or other consideration received from issuances of
the Company&#8217;s securities.&#160;&#160;In addition, the Amended Agreement modifies
certain provisions relating to the redemption and conversion of partnership
units held by POP Venture, LLC to eliminate the possibility of cash payments
upon redemption of those units.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">This
description of the Amended Agreement is qualified in its entirety, and the terms
therein are incorporated herein, by reference to the Amended Agreement filed as
Exhibit&#160;10.1 hereto.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; TEXT-DECORATION: underline">FHB Credit
Facility</font></font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
December 31, 2009, the Operating Partnership entered into an amendment to its
Credit Agreement with First Hawaiian Bank (the &#8220;Lender&#8221;) dated September 2, 2009
(the &#8220;FHB Credit Facility&#8221;), to increase the maximum principal amount available
for borrowing thereunder from $10 million to $15 million.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">As
security for the FHB Credit Facility, Shidler Equities L.P. (&#8220;Shidler
Equities&#8221;), a Hawaii limited partnership controlled by Jay H. Shidler, the
Company&#8217;s Chief Executive Officer and chairman of the Company&#8217;s board of
directors, initially pledged (the &#8220;Shidler Equities Pledge&#8221;) to the Lender a
certificate of deposit (the &#8220;Certificate of Deposit&#8221;) in the principal amount of
$10 million.&#160;&#160;In connection with the increase to the maximum
commitment under the FHB Credit Facility, as amended, Shidler Equities increased
the principal amount of the Certificate of Deposit from $10 million from $15
million.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">This
description of the amendment to the FHB Credit Facility is qualified in its
entirety, and the terms therein are incorporated herein, by reference to the
Amendment to Loan Documents filed as Exhibit 10.2 hereto.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
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        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
        </div>
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        </div>
      </div>
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        </div>
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    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">No other
terms of the FHB Credit Facility were amended.&#160;&#160;Amounts borrowed under
the FHB Credit Facility bear interest at a fluctuating annual rate equal to the
effective rate of interest paid by the Lender on time certificates of deposit,
plus 1.00%.&#160;&#160;The Operating Partnership is permitted to use the
proceeds of the line of credit for working capital and general corporate
purposes, consistent with its real estate operations, and for such other
purposes as the Lender may approve.&#160;&#160;The FHB Credit Facility matures
on September 2, 2011.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; TEXT-DECORATION: underline">Shidler Equities
Indemnification Agreement</font></font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">As a
condition to increasing the Shidler Equities Pledge as described above, on
December 31, 2009, the Operating Partnership and Shidler Equities amended the
Indemnification Agreement, dated as of September 2, 2009 (the &#8220;Indemnification
Agreement&#8221;).&#160;&#160;Pursuant to the Indemnification Agreement, as amended,
the Operating Partnership has agreed to indemnify Shidler Equities from any
losses, damages, costs and expenses incurred by Shidler Equities in connection
with the Shidler Equities Pledge.&#160;&#160;In addition, to the extent that all
or any portion of the Certificate of Deposit is withdrawn by the Lender and
applied to the payment of principal, interest and/or charges under the FHB
Credit Facility, the Operating Partnership has agreed to pay to Shidler Equities
interest on the withdrawn amount at a rate of 7.00% per annum from the date of
the withdrawal until the date of repayment in full by the Operating Partnership
to Shidler Equities.&#160;&#160;Pursuant to the Indemnification Agreement, as
amended, the Operating Partnership has also agreed to pay to Shidler Equities an
annual fee of 2.00% of the entire $15 million principal amount of the
Certificate of Deposit. This description of the Amendment to the Indemnification
Agreement is qualified in its entirety, and the terms therein are incorporated
herein, by reference to the Amendment to Indemnification Agreement filed as
Exhibit&#160;10.3 hereto.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Item
3.03.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Material
Modification to Rights of Security Holders.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
information disclosed in Item 5.03 of this Current Report on Form 8-K is
incorporated by reference into this Item 3.03.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Item
5.03.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Amendments
to Articles of Incorporation or Bylaws; Change in Fiscal Year.</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
January 5, 2010, the Company filed with the Maryland State Department of
Assessments and Taxation articles of amendment to its charter increasing the
number of authorized shares of common stock by 400,000,000 shares.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
January 5, 2010, the Company filed with the Maryland State Department of
Assessments and Taxation articles supplementary to its charter classifying and
designating 40,000,000 shares of common stock as a series of &#8220;Senior Common
Stock&#8221; and establishing the terms of such series.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
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        <div id="GLFTR" style="WIDTH: 100%" align="left">
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Senior Common Stock ranks senior to the Company&#8217;s common stock listed on the
NYSE Amex (&#8220;Listed Common Stock&#8221;) and the Company&#8217;s Class B Common Stock with
respect to payments of dividends and distribution of amounts upon liquidation,
dissolution or winding up.&#160;&#160;It has a $10.00 per share (plus accrued
and unpaid dividends) liquidation preference.&#160;&#160;Subject to the
preferential rights of any future series of preferred shares, holders of Senior
Common Stock will be entitled to receive, when and as declared by the Company&#8217;s
Board of Directors, cumulative cash dividends in an amount per share equal to a
minimum of $0.725 per share per annum, payable monthly.&#160;&#160;Should the
dividend payable on the Listed Common Stock grow to exceed its current rate of
$0.20 per share per annum, the Senior Common Stock dividend would increase by
25% of the amount by which the Listed Common Stock dividend exceeds $0.20 per
share per annum.&#160;&#160;Holders of Senior Common Stock have the right to
vote on all matters presented to stockholders as a single class with holders of
the Listed Common Stock, the Class B Common Stock and the Company&#8217;s outstanding
share of Proportionate Voting Preferred Stock.&#160;&#160;Each share of the
Company&#8217;s common stock (including the Listed Common Stock, the Class B Common
Stock and the Senior Common Stock) is entitled to one vote on each matter to be
voted upon by the Company&#8217;s stockholders.&#160;&#160;The outstanding share of
Proportionate Voting Preferred Stock entitles the holder thereof to the number
of votes equal to the number of shares of Listed Common Stock issuable upon
redemption (for shares) of Common Units and Class A Convertible Preferred Units
of the Operating Partnership issued in connection with the Company&#8217;s formation
transactions (which equals 46,173,693 votes as of the date
hereof).&#160;&#160;Shares of Senior Common Stock may be exchanged, at the
option of the holder, for shares of Listed Common Stock after the fifth
anniversary of the issuance of such shares of Senior Common Stock.</font></div>
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information set forth above is qualified in its entirety by reference to the
actual terms of the articles of amendment and articles supplementary filed as
Exhibits 3.1 and 3.2, respectively, to this Current Report on Form
8-K.</font><br></div>
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9.01.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Financial
Statements and Exhibits.</font></div>
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<tr valign="top">
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              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;Exhibits.&#160;&#160;The
      following exhibits are filed
herewith:</font></div>
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<tr>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline">Description</font></font></div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">3.1</font></div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Articles
      of Amendment of the Company, dated January 5, 2010.</font></div>
            </td>
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      Supplementary of Board of Directors Classifying and Designating a Series
      of Common Stock as Senior Common Stock, dated January 5,
    2010.</font></div>
            </td>
          </tr><tr>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">10.1</font></div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Second
      Amended and Restated Agreement of Limited Partnership of Pacific Office
      Properties, L.P. dated as of December 30, 2009.</font></div>
            </td>
          </tr><tr>
            <td align="left" valign="top" width="14%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">10.2</font></div>
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      to Loan Documents, dated as of December 31, 2009, among First Hawaiian
      Bank, Pacific Office Properties, L.P. and Shidler Equities
      L.P.</font></div>
            </td>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">10.3</font></div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Amendment
      to Indemnification Agreement, dated as of December 31, 2009, between
      Pacific Office Properties, L.P. and Shidler Equities
  L.P.</font></div>
            </td>
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    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
</font></div>
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        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">SIGNATURE</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">
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      TRUST, INC.</font></font></td>
              <td valign="top" width="12%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            </tr><tr>
              <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td valign="top" width="3%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td valign="top" width="35%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td valign="top" width="12%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
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              <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td valign="top" width="3%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td align="left" nowrap valign="bottom" width="35%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Name:
      Jay H. Shidler</font></td>
              <td valign="top" width="12%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            </tr><tr>
              <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td valign="top" width="3%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td valign="top" width="35%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Title:
      Chief Executive Officer</font></td>
              <td valign="top" width="12%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            </tr><tr>
              <td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td valign="top" width="3%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td valign="top" width="35%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
              <td valign="top" width="12%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            </tr></table>
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{"company-data": {"conformed-name": "PACIFIC OFFICE PROPERTIES TRUST, INC.", "cik": "0000830748", "assigned-sic": "6798", "irs-number": "860602478", "state-of-incorporation": "MD", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-09900", "film-number": "10506467"}, "business-address": {"street1": "233 WILSHIRE BLVD., SUITE 830", "city": "SANTA MONICA", "state": "CA", "zip": "90401", "phone": "3103952083"}, "mail-address": {"street1": "233 WILSHIRE BLVD., SUITE 830", "city": "SANTA MONICA", "state": "CA", "zip": "90401"}, "former-company": {"former-conformed-name": "ARIZONA LAND INCOME CORP", "date-changed": "19920703"}}
form8k.htm
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of
The
Securities Exchange Act of 1934
Date of
Report (Date of earliest event reported):  December 30,
2009
PACIFIC
      OFFICE PROPERTIES TRUST, INC.
(Exact
      name of registrant as specified in its
charter)
Maryland
001-9900
86-0602478
(State
      or other jurisdiction
(Commission
(IRS
      Employer
of
      incorporation)
File
      Number)
Identification
      No.)
233
      Wilshire Blvd.
Suite
      310
Santa
      Monica, California
90401
(Address
      of principal executive offices)
(Zip
      Code)
(310)
395-2083
(Registrant's
telephone number, including area code)
Not
      applicable
(Former
      name or former address, if changed since last
  report.)
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2. below):
[ ]
Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
[ ]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[ ]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
(17 CFR 240.14d-2(b))
[ ]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
(17 CFR 240.13e-4(c))
Item
1.01.                      Entry
into a Material Definitive Agreement.
Second Amended and Restated
Agreement of Limited Partnership
On
December 30, 2009, Pacific Office Properties Trust, Inc., a Maryland corporation
(the "Company"), as sole general partner of Pacific Office Properties, L.P., a
Delaware limited partnership (the "Operating Partnership"), executed the Second
Amended and Restated Agreement of Limited Partnership of the Operating
Partnership (the "Amended Agreement"), which amends and restates the Amended and
Restated Agreement of Limited Partnership of the Operating Partnership dated as
of March 19, 2008.  The Amended Agreement establishes the terms of a
new series of partnership units designated as "Senior Common Units" in
connection with the Company's contemplated offering of Senior Common
Stock.  The Senior Common Units will rank, as to distributions and
upon liquidation, senior to the Common Units and Class A Convertible Preferred
Units of the Operating Partnership.  The Amended Agreement also amends
the terms pursuant to which the Operating Partnership may incur debt to the
Company and removes the requirement that the Company contribute to the Operating
Partnership the cash proceeds or other consideration received from issuances of
the Company's securities.  In addition, the Amended Agreement modifies
certain provisions relating to the redemption and conversion of partnership
units held by POP Venture, LLC to eliminate the possibility of cash payments
upon redemption of those units.
This
description of the Amended Agreement is qualified in its entirety, and the terms
therein are incorporated herein, by reference to the Amended Agreement filed as
Exhibit 10.1 hereto.
FHB Credit
Facility
On
December 31, 2009, the Operating Partnership entered into an amendment to its
Credit Agreement with First Hawaiian Bank (the "Lender") dated September 2, 2009
(the "FHB Credit Facility"), to increase the maximum principal amount available
for borrowing thereunder from $10 million to $15 million.
As
security for the FHB Credit Facility, Shidler Equities L.P. ("Shidler
Equities"), a Hawaii limited partnership controlled by Jay H. Shidler, the
Company's Chief Executive Officer and chairman of the Company's board of
directors, initially pledged (the "Shidler Equities Pledge") to the Lender a
certificate of deposit (the "Certificate of Deposit") in the principal amount of
$10 million.  In connection with the increase to the maximum
commitment under the FHB Credit Facility, as amended, Shidler Equities increased
the principal amount of the Certificate of Deposit from $10 million from $15
million.
This
description of the amendment to the FHB Credit Facility is qualified in its
entirety, and the terms therein are incorporated herein, by reference to the
Amendment to Loan Documents filed as Exhibit 10.2 hereto.
No other
terms of the FHB Credit Facility were amended.  Amounts borrowed under
the FHB Credit Facility bear interest at a fluctuating annual rate equal to the
effective rate of interest paid by the Lender on time certificates of deposit,
plus 1.00%.  The Operating Partnership is permitted to use the
proceeds of the line of credit for working capital and general corporate
purposes, consistent with its real estate operations, and for such other
purposes as the Lender may approve.  The FHB Credit Facility matures
on September 2, 2011.
Shidler Equities
Indemnification Agreement
As a
condition to increasing the Shidler Equities Pledge as described above, on
December 31, 2009, the Operating Partnership and Shidler Equities amended the
Indemnification Agreement, dated as of September 2, 2009 (the "Indemnification
Agreement").  Pursuant to the Indemnification Agreement, as amended,
the Operating Partnership has agreed to indemnify Shidler Equities from any
losses, damages, costs and expenses incurred by Shidler Equities in connection
with the Shidler Equities Pledge.  In addition, to the extent that all
or any portion of the Certificate of Deposit is withdrawn by the Lender and
applied to the payment of principal, interest and/or charges under the FHB
Credit Facility, the Operating Partnership has agreed to pay to Shidler Equities
interest on the withdrawn amount at a rate of 7.00% per annum from the date of
the withdrawal until the date of repayment in full by the Operating Partnership
to Shidler Equities.  Pursuant to the Indemnification Agreement, as
amended, the Operating Partnership has also agreed to pay to Shidler Equities an
annual fee of 2.00% of the entire $15 million principal amount of the
Certificate of Deposit. This description of the Amendment to the Indemnification
Agreement is qualified in its entirety, and the terms therein are incorporated
herein, by reference to the Amendment to Indemnification Agreement filed as
Exhibit 10.3 hereto.
Item
3.03.                      Material
Modification to Rights of Security Holders.
The
information disclosed in Item 5.03 of this Current Report on Form 8-K is
incorporated by reference into this Item 3.03.
Item
5.03.                      Amendments
to Articles of Incorporation or Bylaws; Change in Fiscal Year.
On
January 5, 2010, the Company filed with the Maryland State Department of
Assessments and Taxation articles of amendment to its charter increasing the
number of authorized shares of common stock by 400,000,000 shares.
On
January 5, 2010, the Company filed with the Maryland State Department of
Assessments and Taxation articles supplementary to its charter classifying and
designating 40,000,000 shares of common stock as a series of "Senior Common
Stock" and establishing the terms of such series.
The
Senior Common Stock ranks senior to the Company's common stock listed on the
NYSE Amex ("Listed Common Stock") and the Company's Class B Common Stock with
respect to payments of dividends and distribution of amounts upon liquidation,
dissolution or winding up.  It has a $10.00 per share (plus accrued
and unpaid dividends) liquidation preference.  Subject to the
preferential rights of any future series of preferred shares, holders of Senior
Common Stock will be entitled to receive, when and as declared by the Company's
Board of Directors, cumulative cash dividends in an amount per share equal to a
minimum of $0.725 per share per annum, payable monthly.  Should the
dividend payable on the Listed Common Stock grow to exceed its current rate of
$0.20 per share per annum, the Senior Common Stock dividend would increase by
25% of the amount by which the Listed Common Stock dividend exceeds $0.20 per
share per annum.  Holders of Senior Common Stock have the right to
vote on all matters presented to stockholders as a single class with holders of
the Listed Common Stock, the Class B Common Stock and the Company's outstanding
share of Proportionate Voting Preferred Stock.  Each share of the
Company's common stock (including the Listed Common Stock, the Class B Common
Stock and the Senior Common Stock) is entitled to one vote on each matter to be
voted upon by the Company's stockholders.  The outstanding share of
Proportionate Voting Preferred Stock entitles the holder thereof to the number
of votes equal to the number of shares of Listed Common Stock issuable upon
redemption (for shares) of Common Units and Class A Convertible Preferred Units
of the Operating Partnership issued in connection with the Company's formation
transactions (which equals 46,173,693 votes as of the date
hereof).  Shares of Senior Common Stock may be exchanged, at the
option of the holder, for shares of Listed Common Stock after the fifth
anniversary of the issuance of such shares of Senior Common Stock.
The
information set forth above is qualified in its entirety by reference to the
actual terms of the articles of amendment and articles supplementary filed as
Exhibits 3.1 and 3.2, respectively, to this Current Report on Form
8-K.
Item
9.01.                      Financial
Statements and Exhibits.
(d)
Exhibits.  The
      following exhibits are filed
herewith:
Exhibit No.
Description
3.1
Articles
      of Amendment of the Company, dated January 5, 2010.
3.2
Articles
      Supplementary of Board of Directors Classifying and Designating a Series
      of Common Stock as Senior Common Stock, dated January 5,
    2010.
10.1
Second
      Amended and Restated Agreement of Limited Partnership of Pacific Office
      Properties, L.P. dated as of December 30, 2009.
10.2
Amendment
      to Loan Documents, dated as of December 31, 2009, among First Hawaiian
      Bank, Pacific Office Properties, L.P. and Shidler Equities
      L.P.
10.3
Amendment
      to Indemnification Agreement, dated as of December 31, 2009, between
      Pacific Office Properties, L.P. and Shidler Equities
  L.P.
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
PACIFIC OFFICE PROPERTIES
      TRUST, INC.
Dated:
      January 5, 2010
By:
/s/ Jay
      H. Shidler
Name:
      Jay H. Shidler
Title:
      Chief Executive Officer