Konig Michael L. 4
4 · Bluerock Residential Growth REIT, Inc. · Filed Jan 4, 2022
Insider Transaction Report
Form 4
Konig Michael L.
SVP, Sec & General Counsel
Transactions
- Award
LTIP Units
2022-01-01+15,645→ 534,963 total(indirect: See Footnote)→ Class A Common Stock (15,645 underlying) - Award
LTIP Units
2022-01-01+31,291→ 566,254 total(indirect: See Footnote)→ Class A Common Stock (31,291 underlying)
Footnotes (2)
- [F1]Represents long-term incentive plan units ("LTIP Units") in Bluerock Residential Holdings, LP (the "Operating Partnership"), of which the Issuer is the general partner. These LTIP Units will vest ratably over a three year period 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.
- [F2]Represents LTIP Units in the Operating Partnership, of which the Issuer is the general partner. These Long Term Performance Awards LTIP Units are subject to a three-year performance period and may vest at the end of that period subject to performance criteria and established targets. The LTIPs 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.