Lee A. Daniels - Jun 1, 2020 Form 4/A - Amendment Insider Report for Inland Real Estate Income Trust, Inc. (n/a)

Role: Director
Signature: /s/ Cathleen M. Hrtanek, Attorney-in-Fact
Stock symbol: n/a
Transactions as of: Jun 1, 2020
Transactions value $: $0
Form type: 4/A - Amendment
Date filed: 3/16/2022, 11:47 AM
Date Of Original Report: Jun 17, 2020
Next filing: Mar 16, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	n/a	Common Stock	Options Exercise	$0	+1.88K	+94.75%	$0.00	3.86K	Jun 1, 2020	Direct	F1
transaction	n/a	Common Stock	Award	$0	+1.1K	+28.54%	$0.00	4.96K	Jun 16, 2020	Direct	F2

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	n/a	Restricted Share Units	Options Exercise	$0	-1.88K	-72.27%	$0.00	720	Jun 1, 2020	Common Stock	1.88K	$0.00	Direct	F3, F4

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

Explanation of Responses:

Id	Content
F1	The total in column 5 includes shares of common stock issued pursuant to the Company's Distribution Reinvestment Plan and dividend equivalents paid in Restricted Share Units (RSUs) and converted to shares of common stock upon the vesting and conversion of the RSUs.
F2	Shares of common stock were granted to the reporting person under the Issuer's Employee and Director Restricted Share Plan. These shares were issued on account of the reporting person's service as a non-employee director of the Issuer and without additional consideration. The shares become vested in equal installments of 33-1/3% on June 16, 2021, June 16, 2022 and June 16, 2023, subject to the reporting person's continued service to the Issuer; provided that 100% of any then unvested shares becomes fully vested upon the consummation of a liquidity event or termination of the reporting person's service to the Issuer by reason of death or disability. The total in column 5 includes shares of common stock issued pursuant to the Company's Distribution Reinvestment Plan.
F3	RSUs were granted to the reporting person pursuant to the Issuer's Employee and Director Restricted Share Plan at various dates coinciding generally with the Issuer's annual meeting and reported previously on Form 4s with their respective vesting schedules. Each RSU represents the right to receive one share of the Issuer's common stock and an amount of additional stock equal to the cash value of the dividends that would have been paid to the reporting person if one share of common stock had been issued on the grant date for each RSU. These RSUs were issued for the reporting person's service as a non-employee director of the Issuer and without additional consideration.
F4	Vested RSUs were settled in shares of common stock on 6/1/20 per the terms of the RSU award agreement with the Issuer. Non-vested RSUs will be settled in shares of common stock when they vest.