SEC Form 4 · accession 0001437749-18-013683
CENTERSPACE · CSR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John Kirchmann
Officer — EVP and CFO
Period of report
Jul 20, 2018
Accepted (ET)
Jul 24, 2018 · 5:58 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000798359
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Shares of Beneficial Interest | Jul 20, 2018 | P | 3,000 | $5.35 | A | 52,571 | D | |
| Common Shares of Beneficial Interest | Jul 20, 2018 | P | 812 | $5.35 | A | 1,812 | I | Daughter's IRA |
| Common Shares of Beneficial Interest | holding | — | — | — | 17,580 | I | IRA |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | — | Jul 20, 2018 | A | 13,493 | A | — | — | Common Shares of Beneficial Interest | 13,429 | 13,429 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of IRET common stock.
- F2The restricted stock units vest in cumulative annual increments of one-third on each of July 20, 2019, April 30, 2020 and April 30, 2021, as long as the reporting person is in the employ of the Issuer. Vested shares will be delivered to the reporting person no later than 30 days after vesting.