SEC Form 5 · accession 0001437749-19-002695

CENTERSPACE · CSR

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — President, CEO and CIO · Director

Period of report

Dec 31, 2018

Accepted (ET)

Feb 14, 2019 · 7:03 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 Interest^F1	May 4, 2018	G	20	$0.00	A	20	I	Child 1
Common Shares of Beneficial Interest^F1	May 4, 2018	G	20	$0.00	A	20	I	Child 2
Common Shares of Beneficial Interest^F1	May 4, 2018	G	20	$0.00	A	20	I	Child 3
Common Shares of Benficial Interest^F1	May 4, 2018	G	20	$0.00	A	20	I	Child 4
Common Shares of Beneficial Interest^F1,F4	May 4, 2018	G	80	$0.00	D	19,055	D
Common Shares of Beneficial Interest^F1,F2	Jun 21, 2018	M	811	—	A	19,135	D
Common Shares of Beneficial Interest^F1	holding	—	—		—	1,400	I	Spouse IRA

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Common Shares of Beneficial Interest^F2,F3	—	Jun 21, 2018	M	811	D	Jun 21, 2018	May 1, 2020	Common Shares of Beneficial Interest	2,434	1,623	D

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.
F4Due to a mathematical error the total number of shares held was incorrectly under-reported by 60 shares (post-split)since the May 2, 2018 Form 4 filing, although all transactions were correctly reported and reflected in the filings.