SEC Form 4 · accession 0001437749-18-014200
CENTERSPACE · CSR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Andrew Martin
Officer — EVP-Property Operations
Period of report
Jun 21, 2018
Accepted (ET)
Aug 1, 2018 · 4:37 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 Benefical InterestF1,F2 | Jun 21, 2018 | M | 2,800 | — | A | 44,395 | D | |
| Common Shares of Beneficial InterestF1 | Jun 25, 2018 | M | 5,602 | — | A | 49,997 | D | |
| Common Shares of Beneficial Interest | Jun 25, 2018 | F | 2,333 | $5.91 | D | 47,664 | D |
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 | — | Jun 21, 2018 | M | 2,800 | D | Jun 21, 2018 | May 1, 2018 | Common Shares of Beneficial Interest | 8,402 | 5,602 | D |
| Restricted Stock UnitsF3,F1 | — | Jun 25, 2018 | M | 5,602 | D | Jun 21, 2018 | May 1, 2018 | Common Shares of Beneficial Interest | 5,602 | 0 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of IRET common stock.
- F2Upon filer's resignation on June 28, 2018, vesting accelerated on 2,023 outstanding time-based shares pursuant to a severance agreement between the filer and IRET.
- F3Upon filer's resignation, all vesting of restricted stock units was accelerated.