SEC Form 5 · accession 0001437749-19-002691
CENTERSPACE · CSR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Anne Olson
Officer — COO, Gen Counsel and Secretary
Period of report
Dec 31, 2018
Accepted (ET)
Feb 14, 2019 · 7:00 pm EST
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 InterestF1,F2 | Jun 21, 2018 | M | 415 | — | A | 2,205 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common Shares of Beneficial InterestF1,F2,F3 | — | Jun 21, 2018 | M | 415 | D | Jun 21, 2018 | May 1, 2020 | Common Shares of Beneficial Interest | 1,247 | 832 | D |
Explanation of responses
- F1Effective at the close of market on December 27, 2018, the Issuer effected a 1-for-10 reverse stock split of its issued and outstanding common shares of beneficial interest, resulting in a proportional decrease in the total common shares beneficially owned by the reporting person. All previously reported restricted stock unit and option grants, option exercise prices, and securities convertible into common stock were proportionally adjusted to reflect the reverse split. The reporting person will receive cash in lieu of fractional shares in the reverse stock split.
- F2Each restricted stock unit represents a contingent right to receive one share of IRET common stock.
- F3Restricted stock units vest in three cumulative annual installments beginning the date shown.