SUN COMMUNITIES INC — Director's Dealing 2022

Feb 25, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SUN COMMUNITIES INC (SUI)
CIK: 0000912593
Period of Report: 2022-02-23

Reporting Person: SHIFFMAN GARY A (Director, Chairman & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-02-23	COMMON STOCK, $0.01 PAR VALUE	A	85000	$177.71	Acquired	1004495	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
COMMON STOCK, $0.01 PAR VALUE	233417	Indirect
COMMON STOCK, $0.01 PAR VALUE	130810	Indirect
COMMON STOCK, $0.01 PAR VALUE	16671	Indirect
COMMON STOCK, $0.01 PAR VALUE	76000	Indirect

Footnotes

F1: Restricted stock. 34,000 of the shares are subject to time vesting and vest as follows: 6,800 shares vest on February 23, 2023; 6,800 shares vest on February 23, 2024; 6,800 shares vest on February 23, 2025; 6,800 shares vest on February 23, 2026; and 6,800 shares vest on February 23, 2027. 51,000 of the shares are subject to performance vesting based on certain market and financial performance criteria.

F2: Owned by grantor retained annuity trust of which the reporting person is not a trustee. The reporting person is the only beneficiary during the term of the grantor retained annuity trust. At the end of the annuity term, the remaining property in the grantor retained annuity trust will be distributed to a trust for the benefit of the reporting person's spouse and descendants of which the reporting person is not a trustee.

F3: Owned by irrevocable trusts of which the reporting person is neither the trustee nor the beneficiary. The beneficiaries of these trusts are the reporting person's spouse and other family members.

F4: Owned by irrevocable trust of which the reporting person is a trustee and beneficiary.