SEC Form 4 · accession 0001595627-18-000006
Inland Residential Properties Trust, Inc.
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Reid
Director
Period of report
Nov 27, 2018
Accepted (ET)
Nov 29, 2018 · 4:17 pm EST
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 | Nov 27, 2018 | A | 219 | $0.00 | A | 1,029 | D |
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 November 27, 2019, November 27, 2020 and November 27, 2021, 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 438.4 unvested restricted shares.