Ramin Kamfar - 01 Jan 2023 Form 4 Insider Report for Bluerock Homes Trust, Inc. (BHM)

Role
Chairman and CEO, Director
Signature
/s/ Christopher J. Vohs, Attorney-In-Fact
Issuer symbol
BHM
Transactions as of
01 Jan 2023
Net transactions value
$0
Form type
4
Filing time
04 Jan 2023, 16:45:41 UTC
Previous filing
07 Nov 2022
Next filing
23 Feb 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 BHM LTIP Units Conversion of derivative security -102,642 -18% 459,078 01 Jan 2023 Class A Common Stock 102,642 Direct F1
transaction BHM OP Units Conversion of derivative security +102,642 +7558% 104,000 01 Jan 2023 Class A Common Stock 102,642 Direct F2
transaction BHM LTIP Units Conversion of derivative security -53,236 -12% 405,842 01 Jan 2023 Class A Common Stock 53,236 See Footnote F3
transaction BHM OP Units Conversion of derivative security +53,236 +51% 157,236 01 Jan 2023 Class A Common Stock 53,236 See Footnote F4
transaction BHM LTIP Units Conversion of derivative security -45 -0.01% 405,797 01 Jan 2023 Class A Common Stock 45 See Footnote F5
transaction BHM OP Units Conversion of derivative security +45 +0.03% 157,281 01 Jan 2023 Class A Common Stock 45 See Footnote F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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. The LTIP Units have reached capital account equivalency with the units of limited partnership interest in the Operating Partnership ("OP Units") held by the Issuer, and the Reporting Person has elected to convert the LTIP Units to OP Units on a one-for-one basis.
F2 Represents OP Units issued to the Reporting Person upon conversion of LTIP Units. The OP Units may 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.
F3 Represents LTIP Units in the Operating Partnership, of which the Issuer is the general partner. The LTIP Units have reached capital account equivalency with the OP Units held by the Issuer, and the Reporting Person has elected to convert the LTIP Units to OP Units on a one-for-one basis. These LTIP Units are owned by Bluerock Real Estate L.L.C., which is majority-owned by the Reporting Person.
F4 Represents OP Units issued upon conversion of LTIP Units. The OP Units may 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.
F5 Represents LTIP Units in the Operating Partnership, of which the Issuer is the general partner. The LTIP Units have reached capital account equivalency with the OP Units held by the Issuer, and the Reporting Person has elected to convert the LTIP Units to OP Units on a one-for-one basis. These LTIP Units are owned by an immediate family member of the Reporting Person.
F6 Represents OP Units issued to an immediate family member of the Reporting Person upon conversion of LTIP Units. The OP Units may 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.