4//SEC Filing
MacDonald Ryan S 4
Accession 0001104659-21-043382
CIK 0001442626other
Filed
Mar 28, 8:00 PM ET
Accepted
Mar 29, 5:20 PM ET
Size
9.3 KB
Accession
0001104659-21-043382
Insider Transaction Report
Form 4
MacDonald Ryan S
Chief Acquisitions Officer
Transactions
- Disposition to Issuer
LTIP Units
2021-03-25−9,651→ 484,415 total(indirect: See Footnote)→ Class A Common Stock (9,651 underlying) - Award
LTIP Units
2021-03-25+39,763→ 524,178 total(indirect: See Footnote)→ Class A Common Stock (39,763 underlying)
Footnotes (2)
- [F1]Represents the forfeiture of long-term incentive plan units ("LTIP Units") in Bluerock Residential Holdings, LP (the "Operating Partnership"), of which the Issuer is the general partner, granted to the reporting person on January 1, 2018 and October 4, 2018, which were eligible to vest subject to achievement of certain performance criteria and established targets over a three-year performance period. Upon grant, the maximum vesting amount was reported in Table II of Form 4. On March 25, 2021, the Issuer determined that, based on the Issuer's performance over the applicable performance period, 15,643 LTIP Units would vest and 9,651 LTIP Units would be forfeited.
- [F2]Represents LTIP Units in the Operating Partnership, of which the Issuer is the general partner. These LTIP Units are issued in payment of the annual incentive bonus for the fiscal year ended December 31, 2020. These LTIP Units are vested upon issuance and may convert to OP Units upon reaching capital account equivalency with the OP Units held by the Issuer, and may then be redeemed for cash or, at the option of the Issuer and after a one year holding period (including any period during which the LTIP Units were held), settled in shares of the Issuer's Class A common stock on a one-for-one basis.
Documents
Issuer
Bluerock Residential Growth REIT, Inc.
CIK 0001442626
Entity typeother
Related Parties
1- filerCIK 0001722524
Filing Metadata
- Form type
- 4
- Filed
- Mar 28, 8:00 PM ET
- Accepted
- Mar 29, 5:20 PM ET
- Size
- 9.3 KB