4//SEC Filing
UDR, Inc. 4
Accession 0000074208-17-000008
$UDRCIK 0000074208operating
Filed
Jan 4, 7:00 PM ET
Accepted
Jan 5, 5:12 PM ET
Size
7.9 KB
Accession
0000074208-17-000008
Insider Transaction Report
Form 4
UDR, Inc.UDR
KLINGBEIL JAMES D
Director
Transactions
- Award
Class 1 LTIP Units
2017-01-03+9,736→ 19,255 total→ Common Stock (9,736 underlying)
Footnotes (5)
- [F1]Represents Class 1 LTIP Units in United Dominion Realty, L.P., a Delaware limited partnership (the "UDR Partnership"). UDR, Inc. (the "Company") is the parent company and sole general partner of the UDR Partnership.
- [F2]Subject to the conditions set forth in the Ninth Amendment to the Amended and Restated Agreement of Limited Partnership of the UDR Partnership and subject to the vesting conditions specified with respect to each Class 1 LTIP Unit (as described in footnote 5 below), each Class 1 LTIP Unit may be converted, at the election of the holder, into a unit of limited partnership of the UDR Partnership (a "Partnership Common Unit"), provided that such Class 1 LTIP Unit has been outstanding for at least two years from the date of grant.
- [F3]A holder of Partnership Common Units has the right to require the UDR Partnership to redeem all or a portion of the Partnership Common Units held by the holder in exchange for a cash payment based on the market value of the Company's Common Stock at the time of redemption, as defined in the Amended and Restated Agreement of Limited Partnership of the UDR Partnership (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 Partnership Common Units in exchange for either the Cash Amount or shares of the Company's Common Stock, as described in footnote 4 below.
- [F4]The Company, as the general partner of the UDR Partnership, may, in its sole discretion, purchase the Partnership Common Units by paying the limited partner either the Cash Amount or the REIT Share Amount (generally one share of the Company's Common Stock for each Partnership Common Unit), as such terms are defined in the Amended and Restated Agreement of Limited Partnership of the UDR Partnership. The right to convert the Class 1 LTIP Units into Partnership Common Units and the right to receive the Cash Amount or the REIT Share Amount (in the Company's sole discretion) in exchange for Partnership Common Units do not have expiration dates.
- [F5]The Class 1 LTIP Units shall vest on the first anniversary of the vesting commencement date, which is January 1, 2017.
Documents
Issuer
UDR, Inc.
CIK 0000074208
Entity typeoperating
IncorporatedMD
Related Parties
1- filerCIK 0000074208
Filing Metadata
- Form type
- 4
- Filed
- Jan 4, 7:00 PM ET
- Accepted
- Jan 5, 5:12 PM ET
- Size
- 7.9 KB