Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | BHM | LTIP Units | Award | +406K | +260.25% | 562K | Nov 3, 2022 | Class A Common Stock | 406K | See Footnote | F1 |
Id | Content |
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F1 | Represents long-term incentive plan units ("LTIP Units") in Bluerock Residential Holdings, LP (the "Operating Partnership"), of which the Issuer is the general partner. These LTIP Units are owned by Bluerock Homes Manager, LLC (the "Manager'), in which R. Ramin Kamfar owns an indirect pecuniary interest. These LTIP Units vest ratably on an annual basis over a five-year period, and may convert to Operating Partnership Units ("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. |