Bhairav Patel - 01 Jan 2023 Form 4 Insider Report for CENTERSPACE (CSR)

Role
EVP and CFO
Signature
Anne Olson, Attorney in Fact for Bhairav Patel
Issuer symbol
CSR
Transactions as of
01 Jan 2023
Net transactions value
+$375,957
Form type
4
Filing time
04 Jan 2023, 14:03:51 UTC
Previous filing
04 Jan 2022
Next filing
04 Apr 2023
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 +676 $0.000000 676 01 Jan 2023 Direct
transaction CSR Common Shares of Beneficial Interest Tax liability $15,020 -256 -38% $58.67 420 01 Jan 2023 Direct F1

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 +1,783 $0.000000 1,783 01 Jan 2023 Common Shares of Beneficial Interest 1,783 $0.000000 Direct F2
transaction CSR Stock Options (Right to Buy) Award $390,977 +6,664 $58.67 6,664 01 Jan 2023 Common Shares of Beneficial Interest 6,664 $58.67 Direct F3
transaction CSR Restricted Stock Units Options Exercise $0 -676 -33% $0.000000 1,352 01 Jan 2023 Common Shares of Beneficial Interest 676 $0.000000 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares withheld for payment of taxes in connection with the vesting of restricted stock units.
F2 Represents a time-based contingent right to receive 1,783 common shares of beneficial interest of Centerspace vesting over three years in one-third increments on each anniversary of the grant date: January 1, 2024, 2025 and 2026.
F3 Represents the right to purchase 6,664 common shares of beneficial interest of Centerspace, vesting over four years in one-fourth increments on each anniversary of the grant date: January 1, 2024, 2025, 2026 and 2027.