SEC Form 4 · accession 0001595627-17-000011
Inland Residential Properties Trust, Inc.
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Adrian B Corbiere
Director
Period of report
Jun 20, 2017
Accepted (ET)
Jun 21, 2017 · 11:21 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001595627
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1,F2,F3 | Jun 20, 2017 | A | 219 | $0.00 | A | 758 | I | By Race Point LLC |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Shares of Class A common stock were granted to the reporting person under the Issuer's Employee and Director Incentive Restricted Share Plan. These shares were issued on account of the reporting person's service as a non-employee director of the Issuer and without additional consideration. The shares become vested in equal installments of 33-1/3% on June 20, 2018, June 20, 2019 and June 20, 2020, subject to the reporting person's continued service to the Issuer; provided that 100% of any then unvested shares becomes fully vested upon the consummation of a liquidity event.
- F2Includes 529.732 unvested restricted shares.
- F3Shares held by Race Point LLC, which is controlled by Mr. Corbiere.