Baxter Underwood - Dec 31, 2022 Form 5 Insider Report for SUN COMMUNITIES INC (SUI)

Role
CEO - Safe Harbor Marinas, LLC
Signature
Baxter R. Underwood
Stock symbol
SUI
Transactions as of
Dec 31, 2022
Transactions value $
$0
Form type
5
Date filed
2/8/2023, 06:33 PM
Previous filing
Nov 2, 2022
Next filing
Feb 28, 2023

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 SUI SERIES H PREFERRED OPERATING PARTNERSHIP UNITS Gift $0 -61.7K -100% $0.00* 0 Nov 7, 2022 COMMON STOCK, $0.01 PAR VALUE 37.6K See footnote F1, F2, F3
holding SUI SERIES H PREFERRED OPERATING PARTNERSHIP UNITS 20.6K Dec 31, 2022 COMMON STOCK, $0.01 PAR VALUE 12.5K See footnote F1, F2, F3
holding SUI SERIES H PREFERRED OPERATING PARTNERSHIP UNITS 30.3K Dec 31, 2022 COMMON STOCK, $0.01 PAR VALUE 18.9K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Issued by the Issuer's operating partnership, Sun Communities Operating Limited Partnership.
F2 Each series H Preferred OP Unit can be exchanged for a number of shares of the Issuer's common stock equal to the quotient obtained by dividing $100.00 by $164.00 (as such ratio is subject to adjustments for certain capital events) at the holder's option and have no expiration date.
F3 Owned by a family limited partnership. On November 7, 2022, the family limited partnership transferred all the Series H Preferred OP Units that it held to various trusts. 20,567 of such Series H Preferred OP Units were transferred to an irrevocable trust of which the reporting person is a trustee and a beneficiary.