Kevin S. Miller - Dec 8, 2021 Form 4 Insider Report for MONMOUTH REAL ESTATE INVESTMENT CORP (MNR)

Role
Chief Financial Officer, Director
Signature
/s/ Becky G. Coleridge, attorney in fact
Stock symbol
MNR
Transactions as of
Dec 8, 2021
Transactions value $
-$205,763
Form type
4
Date filed
12/8/2021, 05:46 PM
Previous filing
Oct 26, 2021
Next filing
Dec 16, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MNR Monmouth Real Estate Investment Corporation Tax liability -$578K -27.6K -21.23% $20.94 102K Dec 8, 2021 Direct F2
transaction MNR Monmouth Real Estate Investment Corporation Options Exercise $470K +33K +33.96% $14.24 130K Dec 8, 2021 Direct
transaction MNR Monmouth Real Estate Investment Corporation Tax liability -$465K -22.2K -18.62% $20.94 97.1K Dec 8, 2021 Direct F1
transaction MNR Monmouth Real Estate Investment Corporation Options Exercise $368K +27K +29.24% $13.64 119K Dec 8, 2021 Direct

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 MNR Monmouth Real Estate Investment Corporation Options Exercise $0 -27K -100% $0.00* 0 Dec 8, 2021 Monmouth Real Estate Investment Corporation 27K $13.64 Direct F3
transaction MNR Monmouth Real Estate Investment Corporation Options Exercise $0 -33K -100% $0.00* 0 Dec 8, 2021 Monmouth Real Estate Investment Corporation 33K $14.24 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a "net exercise" of outstanding stock options. The reporting person received 4,780 shares of common stock on net exercise of option to purchase 27,000 shares of common stock. The company withheld 22,220 shares of common stock underlying the option for payment of the exercise price and tax withholdings, using the closing stock price on December 7, 2021 of $20.94, pursuant to the terms of the 2007 Stock Option Plan.
F2 Represents a "net exercise" of outstanding stock options. The reporting person received 5,358 shares of common stock on net exercise of option to purchase 32,978 shares of common stock. The Company withheld 27,620 shares of common stock underlying the option for payment of the exercise price and tax withholdings, using the closing stock price on December 7, 2021 of $20.94, pursuant to the 2007 Stock Option Plan.
F3 Exercise of Stock Options.