Sterling Real Estate Trust 4
4 · Sterling Real Estate Trust · Filed Feb 3, 2016
Insider Transaction Report
Form 4
Swenson Brad
President
Transactions
- Other
Limited Partnership Units
2016-02-01$15.50/sh+15,372.3$238,271→ 15,372.3 total→ Common Shares (15,372.3 underlying)
Footnotes (4)
- [F1]Pursuant to the LLLP Agreement of the operating partnership, holders of limited partnership units may, after a two year holding period, elect to have their limited partnership units redeemed. Upon a redemption request, Sterling Real Estate Trust has the option to purchase the limited partnership units directly, either in cash or in common shares of beneficial interest at an exchange rate of one-to-one.
- [F2]The reporting person received the Limited Partnership Units in connection with a 721 UPREIT transaction.
- [F3]These Limited Partnership Units may be redeemed as described under footnote 1 anytime after a two year holding period, or February 2, 2018.
- [F4]These derivative securities do not have an expiration date.