SEC Form 4 · accession 0001144204-18-066257
Bluerock Residential Growth REIT, Inc. · BRG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James G. Babb III
Officer — Chief Investment Officer
Period of report
Dec 24, 2018
Accepted (ET)
Dec 26, 2018 · 4:33 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001442626
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| OP UnitsF1 | — | Dec 24, 2018 | J | 28,026 | A | — | — | Class A Common Stock | 28,026 | 622,652 | D |
Explanation of responses
- F1Represents units of partnership interest ("OP Units") in Bluerock Residential Holdings, LP (the "Operating Partnership"), of which the Issuer is the general partner. These OP Units may be settled in shares of the Issuer's Class A common stock on a one-for-one basis. These OP Units were converted by BRG Manager, LLC (the "Manager") from an equal number of restricted partnership interests in the Operating Partnership ("LTIP Units"). Acquisition is as a result of an in kind distribution of these OP Units pursuant to the request of James G. Babb III, as a member of the Manager, of a distribution of James G. Babb III's allocable portion of OP Units as permitted under the Manager's Second Amended and Restated Limited Liability Agreement. The OP Units are owned directly by the Reporting Person.