Tim E. Bentsen - Jun 25, 2021 Form 4 Insider Report for CatchMark Timber Trust, Inc. (CTT)

Role: Director
Signature: /s/ Ying Xiao, under a Power of Attorney
Stock symbol: CTT
Transactions as of: Jun 25, 2021
Transactions value $: $0
Form type: 4
Date filed: 6/25/2021, 07:31 PM
Previous filing: May 11, 2021
Next filing: Aug 11, 2021

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	CTT	LTIP units	Award	$0	+5.84K		$0.00	5.84K	Jun 25, 2021	Common Stock, par value $0.01	5.84K		Direct	F1

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

Explanation of Responses:

Id	Content
F1	Reflects the grant of a class of limited partnership units ("LTIP units") in CatchMark Timber Operating Partnership, L.P. ("CatchMark Timber OP"), of which the issuer is the general partner and owns 99.81% of the CatchMark Timber OP common units as of March 31, 2021. The LTIP units will vest on the date of the issuer's 2022 annual meeting of stockholders. LTIP units are a class of units structured to qualify as "profits interests" for federal income tax purposes that, subject to certain conditions, including vesting, are convertible by the reporting person into CatchMark Timber OP common units. For further information about the LTIP units, refer to Note 8-Noncontrolling Interest accompanying the audited financial statements and footnotes included in the issuer's Annual Report on Form 10-K for the year ended December 31, 2020.

Content

Reflects the grant of a class of limited partnership units ("LTIP units") in CatchMark Timber Operating Partnership, L.P. ("CatchMark Timber OP"), of which the issuer is the general partner and owns 99.81% of the CatchMark Timber OP common units as of March 31, 2021. The LTIP units will vest on the date of the issuer's 2022 annual meeting of stockholders. LTIP units are a class of units structured to qualify as "profits interests" for federal income tax purposes that, subject to certain conditions, including vesting, are convertible by the reporting person into CatchMark Timber OP common units. For further information about the LTIP units, refer to Note 8-Noncontrolling Interest accompanying the audited financial statements and footnotes included in the issuer's Annual Report on Form 10-K for the year ended December 31, 2020.