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CENTERSPACE — Director's Dealing 2022
Jan 4, 2022
32208_dirs_2022-01-04_8579e8fd-e917-4b42-a1e8-357e82b9568f.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: CENTERSPACE (CSR)
CIK: 0000798359
Period of Report: 2022-01-01
Reporting Person: Decker Mark Okey Jr (Director, President, CEO and CIO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-01-01 | Common Shares of Beneficial Interest | M | 991 | — | Acquired | 37555.78 | Direct |
| 2022-01-01 | Common Shares of Beneficial Interest | F | 356 | $110.90 | Disposed | 37199.78 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-01-01 | Restricted Stock Units | $0.0 | A | 1991 | Acquired | Common Shares of Beneficial Interest (1991.0) | Direct | |
| 2022-01-01 | Restricted Stock Units | $0.0 | M | 991 | Disposed | 2022-01-01 | Common Shares of Beneficial Interest (991.0) | Direct |
| 2022-01-01 | Stock Options (Right to Buy) | $110.9 | A | 13366 | Acquired | 2032-01-01 | Common Shares of Beneficial Interest (13366.0) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| 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 | 1525 | Indirect |
| Common Shares of Beneficial Interest | 20 | Indirect |
Footnotes
F1: The number of shares includes 88.119 shares acquired in 2021 under the Company's dividend reinvestment plan (the "DRIP"). It also include additional shares that were not previously reported due to administrative errors. The majority of these shares are time-vested RSUs that were appropriately reported as derivates on the reporting person's Forms 4 at the time of grant, but not recategorized as shares of common stock at the time of vesting. It also includes shares acquired in years prior to 2021 under the DRIP.
F2: Represents shares withheld for payment of taxes in connection with the vesting of restricted stock.
F3: Represents a time-based contingent right to receive 1,991 common shares of beneficial interest of Centerspace vesting over three years, in one-third increments on each anniversary of the grant date: January 1, 2023, 2024 and 2025.
F4: Represents the right to purchase 13,366 common shares of beneficial interest of Centerspace, vesting over four years in one-fourth increments on each anniversary of the grant date: January 1, 2023, 2024, 2025 and 2026.