Harrison Elizabeth Scott 4
4 · Bluerock Residential Growth REIT, Inc. · Filed Jan 3, 2019
Insider Transaction Report
Form 4
Harrison Elizabeth Scott
Director
Transactions
- Award
LTIP Units
2019-01-01+6,836→ 10,001 total(indirect: See Footnote)→ Class A Common Stock (6,836 underlying)
Footnotes (1)
- [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 be fully vested upon issuance, and may convert to units of limited partnership interest in the Operating Partnership ("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.