UDR, Inc. — Director's Dealing 2021

Nov 15, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: UDR, Inc. (UDR)
CIK: 0000074208
Period of Report: 2021-11-11

Reporting Person: ALCOCK HARRY G (SVP-Chief Investment Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-11-11	Common Stock	S	17000.0000	$55.3000	Disposed	35667.0000	Direct

Footnotes

F1: In addition to the Common Stock owned by the Reporting Person, the Reporting Person owns 51,506 Class 1 LTIP Units, 371,125 Class 2 LTIP Units and 439,252 Class 2 Performance LTIP Units (collectively, the "Units") of United Dominion Realty, L.P. (the "UDR Partnership"), the operating partnership of UDR, Inc. (the "Company"). Subject to certain conditions, the Units may ultimately be converted into units of limited partnership of the UDR Partnership ("Common Units"). A holder of Common Units has the right to require the UDR Partnership to redeem all or a portion of the holder's Common Units in exchange for a cash payment based on the market value of the Company's Common Stock at the time of redemption (the "Cash Amount"); however, the UDR Partnership's obligation to pay the Cash Amount is subject the prior right of the Company to acquire such Common Units in exchange for either the Cash Amount or shares of the Company's Common Stock.