SEC Form 4 · accession 0001559822-18-000002
Steadfast Apartment REIT III, Inc.
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ned Brines
Director
Period of report
Aug 9, 2018
Accepted (ET)
Aug 10, 2018 · 12:42 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001651286
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1,F2 | Aug 9, 2018 | A | 1,000 | $0.00 | A | 4,654 | D | |
| Class A Common StockF2 | holding | — | — | — | 960 | I | By SEP IRA |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On August 9, 2018, Steadfast Apartment REIT III, Inc. (the "Issuer") granted the reporting person 1,000 shares of restricted Class A common stock pursuant to the Issuer's Independent Directors' Compensation Plan ("Plan"). The shares of restricted Class A common stock granted to the reporting person pursuant to the Plan vest and become non-forfeitable in four equal annual installments beginning on the date of grant and ending on the third anniversary of the date of grant; provided, however, that the restricted Class A common stock will become fully vested on the earlier to occur of (i) the termination of the reporting person's service as a director due to his death or disability, or (ii) a change in control of the Issuer.
- F2The reporting person received additional shares pursuant to the Issuer's distribution reinvestment plan.