Bhairav Patel - 01 Jan 2022 Form 4 Insider Report for CENTERSPACE (CSR)

Role
SVP, Finance
Signature
Anne Olson, Attorney in Fact for Bhairav Patel
Issuer symbol
CSR
Transactions as of
01 Jan 2022
Net transactions value
+$480,419
Form type
4
Filing time
04 Jan 2022, 17:01:48 UTC
Previous filing
23 Sep 2021
Next filing
04 Jan 2023
SEC
View on sec.gov

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 +2,028 $0.000000 2,028 01 Jan 2022 Common Shares of Beneficial Interest 2,028 $0.000000 Direct F1
transaction CSR Stock Options (Right to Buy) Award $480,419 +4,332 $110.90 4,332 01 Jan 2022 Common Shares of Beneficial Interest 4,332 $110.90 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person received (i) 645 time-based units and (ii) 1,383 units granted as a signing bonus, all of which represent a contingent right to receive 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.
F2 Represents the right to purchase 4,332 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.