CENTERSPACE — Director's Dealing 2019

Feb 14, 2019

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: INVESTORS REAL ESTATE TRUST (IRET)
CIK: 0000798359
Period of Report: 2018-12-31

Reporting Person: Hall Linda J. (Director)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares of Beneficial Interest	3991	Direct
Common Shares of Beneficial Interest	400	Indirect
Common Shares of Beneficial Interest	600	Indirect

Footnotes

F1: Effective 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.

F2: After her marriage in September 2017, the reporting person failed to include 6,000 (pre-split) shares purchased by her spouse prior to the marriage and has not reported the shares on all subsequent filings.