Harry G. Alcock - Nov 11, 2021 Form 4 Insider Report for UDR, Inc. (UDR)

Role: SVP-Chief Investment Officer
Signature: /s/ Harry G. Alcock
Stock symbol: UDR
Transactions as of: Nov 11, 2021
Transactions value $: -$940,100
Form type: 4
Date filed: 11/15/2021, 04:50 PM
Previous filing: Aug 3, 2021
Next filing: Jan 5, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	UDR	Common Stock	Sale	-$940K	-17K	-32.28%	$55.30	35.7K	Nov 11, 2021	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	In addition to the Common Stock owned by the Reporting Person, the Reporting Person owns 51,506 Class 1 LTIP Units, 371,125 Class 2 LTIP Units and 439,252 Class 2 Performance LTIP Units (collectively, the "Units") of United Dominion Realty, L.P. (the "UDR Partnership"), the operating partnership of UDR, Inc. (the "Company"). Subject to certain conditions, the Units may ultimately be converted into units of limited partnership of the UDR Partnership ("Common Units"). A holder of Common Units has the right to require the UDR Partnership to redeem all or a portion of the holder's Common Units in exchange for a cash payment based on the market value of the Company's Common Stock at the time of redemption (the "Cash Amount"); however, the UDR Partnership's obligation to pay the Cash Amount is subject the prior right of the Company to acquire such Common Units in exchange for either the Cash Amount or shares of the Company's Common Stock.

Content

In addition to the Common Stock owned by the Reporting Person, the Reporting Person owns 51,506 Class 1 LTIP Units, 371,125 Class 2 LTIP Units and 439,252 Class 2 Performance LTIP Units (collectively, the "Units") of United Dominion Realty, L.P. (the "UDR Partnership"), the operating partnership of UDR, Inc. (the "Company"). Subject to certain conditions, the Units may ultimately be converted into units of limited partnership of the UDR Partnership ("Common Units"). A holder of Common Units has the right to require the UDR Partnership to redeem all or a portion of the holder's Common Units in exchange for a cash payment based on the market value of the Company's Common Stock at the time of redemption (the "Cash Amount"); however, the UDR Partnership's obligation to pay the Cash Amount is subject the prior right of the Company to acquire such Common Units in exchange for either the Cash Amount or shares of the Company's Common Stock.