UDR, Inc. — Director's Dealing 2017

Jun 7, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: UDR, Inc. (UDR)
CIK: 0000074208
Period of Report: 2017-06-05

Reporting Person: Troupe Warren L (Senior Exec VP)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-06-05	Common Stock	M	54135.0000	$24.3800	Acquired	585286.0000	Direct
2017-06-05	Common Stock	M	54135.0000	$24.3800	Acquired	639421.0000	Direct
2017-06-05	Common Stock	M	54135.0000	$24.3800	Acquired	693556.0000	Direct
2017-06-05	Common Stock	M	54135.0000	$24.3800	Acquired	747691.0000	Direct
2017-06-05	Common Stock	F	171616.0000	$39.8600	Disposed	576075.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-06-05	Stock Options (Right to buy)	$24.3800	M	54135.0000	Disposed	2018-03-03	Common Stock (54135.0000)	Direct
2017-06-05	Stock Options (Right to buy)	$24.3800	M	54135.0000	Disposed	2018-03-03	Common Stock (54135.0000)	Direct
2017-06-05	Stock Options (Right to buy)	$24.3800	M	54135.0000	Disposed	2018-03-03	Common Stock (54135.0000)	Direct
2017-06-05	Stock Options (Right to buy)	$24.3800	M	54135.0000	Disposed	2018-03-03	Common Stock (54135.0000)	Direct

Footnotes

F1: Represents shares of Common Stock withheld to satisfy the reporting person's obligation to pay the exercise price and tax withholding obligation upon the exercise of the stock options. The deemed disposition of the withheld shares is exempt pursuant to Rule 16b-3(e).