SEC Form 4 · accession 0001225208-18-012758
UDR, Inc. · UDR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas W Toomey
Officer — Chairman, CEO and President · Director
Period of report
Aug 17, 2018
Accepted (ET)
Aug 20, 2018 · 6:06 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000074208
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Aug 17, 2018 | M | 300,000 | $10.06 | A | 1,768,753 | D | |
| Common Stock | Aug 17, 2018 | F | 1,344 | $39.83 | D | 1,767,409 | D | |
| Common StockF1 | Aug 17, 2018 | S | 40,000 | $39.7951 | D | 1,727,409 | D | |
| Common Stock | Aug 17, 2018 | F | 171,294 | $39.83 | D | 1,556,115 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (Right to buy) | $10.06 | Aug 17, 2018 | M | 300,000 | D | Feb 12, 2010 | Feb 12, 2019 | Common Stock | 300,000 | 540,672 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $39.77 to $39.835, inclusive. The reporting person undertakes to provide to UDR, Inc., any security holder of UDR, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
- F2Represents shares of Common Stock withheld to satisfy the reporting person's obligation to pay the exercise price and tax withholding obligation upon the exercise of the stock options. The deemed disposition of the withheld shares is exempt pursuant to Rule 16b-3(e).