David J. Schulte - Jul 6, 2021 Form 4 Insider Report for CorEnergy Infrastructure Trust, Inc. (CORR)

Role
President & CEO & Chairman, Director
Signature
/s/ David J. Schulte
Stock symbol
CORR
Transactions as of
Jul 6, 2021
Transactions value $
$0
Form type
4
Date filed
7/8/2021, 06:45 PM
Next filing
Aug 24, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CORR Common Stock Award +272K 272K Jul 6, 2021 By Corporation F1
transaction CORR Common Stock Award +345K 345K Jul 6, 2021 By Trust F2
transaction CORR Depositary Shares representing Series A Preferred Stock Award +40.1K 40.1K Jul 6, 2021 By Corporation F1
transaction CORR Depositary Shares representing Series A Preferred Stock Award +50.8K 50.8K Jul 6, 2021 By Trust F2
holding CORR Common Stock 27K Jul 6, 2021 Direct
holding CORR Common Stock 2.57K Jul 6, 2021 By Spouse as custodian of children's accounts

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 CORR Class B Common Stock Award +161K 161K Jul 6, 2021 Common Stock 161K By Corporation F1, F3
transaction CORR Class B Common Stock Award +204K 204K Jul 6, 2021 Common Stock 204K By Trust F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 A corporation controlled by the reporting person, Campbell Hamilton, Inc., acquired the Common Stock, Series A Preferred Stock and Class B Common Stock in exchange for membership interests in Corridor InfraTrust Management, LLC ("Corridor"), the former external manager of the Company. There was no market for these membership interests in Corridor and the value of the interests surrendered by the reporting person, based on the reporting person's percentage ownership in Corridor, is estimated to be $942,513 for the Series A Preferred Stock, $1,908,591 for the Common Stock and $1,131,020 for the Class B Common Stock.
F2 A trust in which the reporting person serves as trustee, the DJS Trust dated July 18, 2016, acquired the Common Stock, Series A Preferred Stock and Class B Common Stock in exchange for membership interests in Corridor. There was no market for these membership interests in Corridor and the value of the interests surrendered by the reporting person, based on the reporting person's percentage ownership in Corridor, is estimated to be $1,194,315 for the Series A Preferred Stock, $2,418,566 for the Common Stock and $1,433,217 for the Class B Common Stock.
F3 The shares of Class B Common Stock will convert to Common Stock on a one-for-one basis no later than February 4, 2024 depending on certain dividend payments by the Company as described in the Articles Supplementary related to the Class B Common Stock filed with the SEC on February 10, 2021. The Class B Common Stock is entitled to one vote per share and votes with the Common Stock.