CENTERSPACE — Director's Dealing 2020

Mar 23, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INVESTORS REAL ESTATE TRUST (IRET)
CIK: 0000798359
Period of Report: 2020-03-08

Reporting Person: Olson Anne (COO, Gen Counsel and Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-03-08	Common Shares of Beneficial Interest	M	559	—	Acquired	3006	Direct
2020-03-08	Common Shares of Beneficial Interest	F	250	$75.79	Disposed	2756	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-03-08	Restricted Stock Units	$	M	559	Disposed		Common Shares of Beneficial Interest (559)	Direct

Footnotes

F1: Each restricted stock unit represents a contingent right to receive one share of IRET common stock.

F2: Shares withheld for payment of taxes in connection with the vesting of restricted stock.

F3: Restricted stock units vest in three cumulative annual installments beginning the date shown.