CENTERSPACE — Director's Dealing 2021

Jan 15, 2021

SEC Form 4/A — Form 4/A

Issuer: INVESTORS REAL ESTATE TRUST (CSR)
CIK: 0000798359
Period of Report: 2021-01-01

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

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-01-01	Restricted Stock Units	$	A	2973	Acquired		Common Shares of Beneficial Interest (2973)	Direct
2021-01-01	Option (right to buy)	$70.64	A	20239	Acquired	2031-01-01	Common Shares of Beneficial Interest (20239)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares of Beneficial Interest	1525	Indirect
Common Shares of Beneficial Interest	20	Indirect
Common Shares of Beneficial Interest	20	Indirect
Common Shares of Beneficial Interest	20	Indirect
Common Shares of Beneficial Interest	20	Indirect
Common Shares of Beneficial Interest	27136	Direct

Footnotes

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

F2: The restricted stock units vest in three equal installments on January 1, 2022; January 1, 2023 and January 1, 2024.

F3: The options vest in four equal installments on January 1, 2022; January 1, 2023; January 1, 2024 and January 1, 2025.

F4: This amendment corrects the exercise price that was disclosed in the original filing on January 5, 2021.