Mark Okey Decker Jr. - 01 Jan 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.
Issuer symbol: CSR
Transactions as of: 01 Jan 2022
Net transactions value: +$1,442,809
Form type: 4
Filing time: 04 Jan 2022, 16:57:46 UTC
Previous filing: 01 Oct 2021
Next filing: 05 Jan 2022
SEC: View on sec.gov

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	+2.7%	$0.000000	37,556	01 Jan 2022	Direct	F1
transaction	CSR	Common Shares of Beneficial Interest	Tax liability	$39,480	-356	-0.95%	$110.90	37,200	01 Jan 2022	Direct	F1, F2
holding	CSR	Common Shares of Beneficial Interest						20	01 Jan 2022	Child 4
holding	CSR	Common Shares of Beneficial Interest						20	01 Jan 2022	Child 2
holding	CSR	Common Shares of Beneficial Interest						20	01 Jan 2022	Child 3
holding	CSR	Common Shares of Beneficial Interest						1,525	01 Jan 2022	By Spouse IRA
holding	CSR	Common Shares of Beneficial Interest						20	01 Jan 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	+1,991		$0.000000	1,991	01 Jan 2022	Common Shares of Beneficial Interest	1,991	$0.000000	Direct	F3
transaction	CSR	Restricted Stock Units	Options Exercise	$0	-991	-33%	$0.000000	1,982	01 Jan 2022	Common Shares of Beneficial Interest	991	$0.000000	Direct
transaction	CSR	Stock Options (Right to Buy)	Award	$1,482,289	+13,366		$110.90	13,366	01 Jan 2022	Common Shares of Beneficial Interest	13,366	$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.