CENTERSPACE — Director's Dealing 2020

Mar 17, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INVESTORS REAL ESTATE TRUST (IRET)
CIK: 0000798359
Period of Report: 2020-03-13

Reporting Person: Decker Mark Okey Jr (Director, President, CEO and CIO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-03-13	Restricted Stock Units	$	A	4148	Acquired		Common Shares of Beneficial Interest (4148)	Direct

Footnotes

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

F2: The restricted stock units vest in cumulative annual increments of one-third on each anniversary of the date of grant beginning the date shown, as long as the reporting person is in the employ of the Issuer. Vested shares will be delivered to the reporting person no later than 30 days after vesting.