Michael L. Konig - Feb 28, 2022 Form 4 Insider Report for Bluerock Residential Growth REIT, Inc. (BRG)

Role
Chief Legal Officer and Secretary
Signature
/s/ Christopher J. Vohs, Attorney-in-fact
Stock symbol
BRG
Transactions as of
Feb 28, 2022
Transactions value $
$0
Form type
4
Date filed
4/14/2022, 05:25 PM
Previous filing
Mar 4, 2022
Next filing
May 20, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BRG Class C Common Stock Other -8.67K -100% 0 Feb 28, 2022 See Footnote F1
transaction BRG Class A Common Stock Other +8.67K +1.21% 727K Feb 28, 2022 See Footnote 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 BRG LTIP Units Disposed to Issuer -1.99K -0.73% 271K Apr 12, 2022 Class A Common Stock 1.99K See Footnote F2
transaction BRG LTIP Units Award +9.28K +3.42% 280K Apr 12, 2022 Class A Common Stock 9.28K See Footnote F3
transaction BRG LTIP Units Award +7.31K +2.61% 288K Apr 12, 2022 Class A Common Stock 7.31K See Footnote F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares of the Issuer's Class C Common Stock converted automatically, at the holder's option, into shares of the Issuer's Class A Common Stock on a one-for-one basis, upon the occurrence of certain transfers of units of limited partnership interest ("OP Units") in Bluerock Residential Holdings, LP (the "Operating Partnership"). These shares are owned by Konig & Associates, LLC, which is 100% owned by Michael Konig.
F2 Represents the forfeiture of long-term incentive plan units ("LTIP Units") in the Operating Partnership, of which the Issuer is the general partner, granted to the reporting person on January 1, 2019, which were eligible to vest subject to achievement of certain performance criteria and established targets over a three-year performance period. Upon grant, the maximum vesting amount was reported in Table II of Form 4. On April 12, 2022, the Issuer determined that, based on the Issuer's performance over the applicable performance period, 39,822 LTIP Units would vest and 1,985 LTIP Units would be forfeited. These LTIP Units are owned by Konig & Associates, LLC.
F3 Represents LTIP Units in the Operating Partnership, of which the Issuer is the general partner. These LTIP Units are issued in payment of a portion of the annual incentive bonus for the fiscal year ended December 31, 2021. These LTIP Units are vested upon issuance and may convert to OP Units upon reaching capital account equivalency with the OP Units held by the Issuer, and may then be redeemed for cash or, at the option of the Issuer and after a one year holding period (including any period during which the LTIP Units were held), settled in shares of the Issuer's Class A common stock on a one-for-one basis. These LTIP Units are owned by Konig & Associates, LLC.
F4 Represents LTIP Units in the Operating Partnership, of which the Issuer is the general partner. These LTIP Units are issued in payment of a portion of the annual incentive bonus for the fiscal year ended December 31, 2021. These LTIP Units will vest on the first anniversary of issuance and may convert to OP Units upon reaching capital account equivalency with the OP Units held by the Issuer, and may then be redeemed for cash or, at the option of the Issuer and after a one year holding period (including any period during which the LTIP Units were held), settled in shares of the Issuer's Class A common stock on a one-for-one basis. These LTIP Units are owned by Konig & Associates, LLC.

Remarks:

Chief Legal Officer and Secretary