4//SEC Filing
Resource Real Estate Opportunity REIT, Inc. 4
Accession 0001140361-15-012009
CIK 0001466225operating
Filed
Mar 15, 8:00 PM ET
Accepted
Mar 16, 4:58 PM ET
Size
6.2 KB
Accession
0001140361-15-012009
Insider Transaction Report
Form 4
Saltzman Steven R.
CFO, SVP & Treasurer
Transactions
- Award
Convertible Stock
2015-03-16+204→ 804 total→ Common Stock (204 underlying)
Footnotes (1)
- [F1]These Convertible Shares vest 1/3 per year or 3 years beginning March 1, 2016 and have no expiration date. Convertible Shares are automatically convertible into shares of common stock of the issuer upon the occurrence of one of two events (i) they will convert if the issuer has paid distributions to common stockholders such that the aggregate distributions are equal to 100% of the price at which the issuer sold its outstanding shares of common stock plus an amount sufficient to produce a 10% cumulative non-compounded annual return at that price or (ii) they will convert if the issuer lists its shares of common stock on a national securities exchange and on the 31st trading day after listing, the value of the issuer, based on the average trading price of its shares of common stock since the listing plus prior distributions combine to meet the same 10% return threshold for its common stockholders.
Documents
Issuer
Resource Real Estate Opportunity REIT, Inc.
CIK 0001466225
Entity typeoperating
IncorporatedMD
Related Parties
1- filerCIK 0001466225
Filing Metadata
- Form type
- 4
- Filed
- Mar 15, 8:00 PM ET
- Accepted
- Mar 16, 4:58 PM ET
- Size
- 6.2 KB