Mark O. Decker Jr - Jan 1, 2022 Form 4 Insider Report for CENTERSPACE (CSR)

Role
President, CEO and CIO, Director
Signature
Anne Olson, Attorney in Fact for Mark O. Decker, Jr.
Stock symbol
CSR
Transactions as of
Jan 1, 2022
Transactions value $
$1,442,809
Form type
4
Date filed
1/4/2022, 04:57 PM
Previous filing
Oct 1, 2021
Next filing
Jan 5, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CSR Common Shares of Beneficial Interest Options Exercise $0 +991 +2.71% $0.00 37.6K Jan 1, 2022 Direct F1
transaction CSR Common Shares of Beneficial Interest Tax liability -$39.5K -356 -0.95% $110.90 37.2K Jan 1, 2022 Direct F1, F2
holding CSR Common Shares of Beneficial Interest 20 Jan 1, 2022 Child 4
holding CSR Common Shares of Beneficial Interest 20 Jan 1, 2022 Child 2
holding CSR Common Shares of Beneficial Interest 20 Jan 1, 2022 Child 3
holding CSR Common Shares of Beneficial Interest 1.53K Jan 1, 2022 By Spouse IRA
holding CSR Common Shares of Beneficial Interest 20 Jan 1, 2022 Child 1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CSR Restricted Stock Units Award $0 +1.99K $0.00 1.99K Jan 1, 2022 Common Shares of Beneficial Interest 1.99K $0.00 Direct F3
transaction CSR Restricted Stock Units Options Exercise $0 -991 -33.33% $0.00 1.98K Jan 1, 2022 Common Shares of Beneficial Interest 991 $0.00 Direct
transaction CSR Stock Options (Right to Buy) Award $1.48M +13.4K $110.90 13.4K Jan 1, 2022 Common Shares of Beneficial Interest 13.4K $110.90 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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.