Anne Olson - 01 Jan 2022 Form 4 Insider Report for CENTERSPACE (CSR)

Role
COO, Gen Counsel and Secretary
Signature
Anne Olson
Issuer symbol
CSR
Transactions as of
01 Jan 2022
Net transactions value
+$800,033
Form type
4
Filing time
04 Jan 2022, 17:00:40 UTC
Previous filing
28 May 2021
Next filing
31 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 +539 +5.3% $0.000000 10,653 01 Jan 2022 Direct F1
transaction CSR Common Shares of Beneficial Interest Tax liability $34,490 -311 -2.9% $110.90 10,342 01 Jan 2022 Direct F1, F2

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 +1,121 $0.000000 1,121 01 Jan 2022 Common Shares of Beneficial Interest 1,121 $0.000000 Direct F3
transaction CSR Restricted Stock Units Options Exercise $0 -539 -33% $0.000000 1,080 01 Jan 2022 Common Shares of Beneficial Interest 539 $0.000000 Direct
transaction CSR Stock Options (Right to Buy) Award $834,522 +7,525 $110.90 7,525 01 Jan 2022 Common Shares of Beneficial Interest 7,525 $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 929 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.
F2 Represents shares withheld for payment of taxes in connection with the vesting of restricted stock.
F3 Represents a contingent right to receive 1,121 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 7,525 common shares of beneficial interest of the Centerspace, vesting over four years in one-fourth increments on each anniversary of the grant date: January 1, 2023, 2024, 2025 and 2026.