CENTERSPACE — Director's Dealing 2015

Jun 26, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INVESTORS REAL ESTATE TRUST (IRET)
CIK: 0000798359
Period of Report: 2015-06-24

Reporting Person: Holmes Ted E (EVP & Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-06-24	Common Shares of Beneficial Interest	A	15748	—	Acquired	37011.517	Direct

Footnotes

F1: The total stock award was 23,594 shares, before deducting the number of shares withheld for the payment of estimated taxes.

F2: The stock award vests as to 50% of the shares on the date of grant and 50% of the shares on April 30, 2016 if he is still employed by the Company on such date.

F3: 1,695 of the shares are held in his 401(k) plan. 19,568.517 of the shares are held by him as Joint Tenant With Right of Survivorship with spouse.