SANDRING REBECCA M 4
4 · CorEnergy Infrastructure Trust, Inc. · Filed Jul 8, 2021
Insider Transaction Report
Form 4
SANDRING REBECCA M
Treasurer
Transactions
- Award
Depositary Shares representing Series A Preferred Stock
2021-07-06+8,937→ 8,937 total - Award
Common Stock
2021-07-06+60,580→ 65,759 total - Award
Class B Common Stock
2021-07-06+35,900→ 35,900 total→ Common Stock (35,900 underlying)
Holdings
- 0(indirect: By daughter)
Common Stock
Footnotes (3)
- [F1]The reporting person acquired the Common Stock, Series A Preferred Stock and Class B Common Stock in exchange for membership interests in Corridor InfraTrust Management, LLC ("Corridor"), the former external manager of the Company. There was no market for these membership interests and the value of the interests surrendered by the reporting person, based on the reporting person's percentage ownership in Corridor, is estimated to be $210,019 for the Series A Preferred Stock, $425,272 for the Common Stock and $252,018 for the Class B Common Stock.
- [F2]The reporting person no longer has a reportable beneficial interest in 195 shares of Common Stock owned by her daughter and included in the reporting person's prior ownership reports.
- [F3]The shares of Class B Common Stock will convert to Common Stock on a one-for-one basis no later than February 4, 2024 depending on certain dividend payments by the Company as described in the Articles Supplementary related to the Class B Common Stock filed with the SEC on February 10, 2021. The Class B Common Stock is entitled to one vote per share and votes with the Common Stock.