4//SEC Filing
Babb James G. III 4
Accession 0001104659-22-046112
CIK 0001442626other
Filed
Apr 13, 8:00 PM ET
Accepted
Apr 14, 5:25 PM ET
Size
12.3 KB
Accession
0001104659-22-046112
Insider Transaction Report
Form 4
Babb James G. III
DirectorCIO & Director
Transactions
- Award
LTIP Units
2022-04-12+7,312→ 516,694 total(indirect: See Footnote)→ Class A Common Stock (7,312 underlying) - Award
LTIP Units
2022-04-12+9,276→ 509,382 total(indirect: See Footnote)→ Class A Common Stock (9,276 underlying) - Disposition to Issuer
LTIP Units
2022-04-12−1,985→ 500,106 total(indirect: See Footnote)→ Class A Common Stock (1,985 underlying)
Footnotes (3)
- [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, 2019, 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 April 12, 2022, the Issuer determined that, based on the Issuer's performance over the applicable performance period, 39,822 LTIP Units would vest and 1,985 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 a portion of the annual incentive bonus for the fiscal year ended December 31, 2021. 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.
- [F3]Represents LTIP Units in the Operating Partnership, of which the Issuer is the general partner. These LTIP Units are issued in payment of a portion of the annual incentive bonus for the fiscal year ended December 31, 2021. These LTIP Units will vest on the first anniversary of 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 0001575424
Filing Metadata
- Form type
- 4
- Filed
- Apr 13, 8:00 PM ET
- Accepted
- Apr 14, 5:25 PM ET
- Size
- 12.3 KB