4//SEC Filing
Sterling Real Estate Trust 4
Accession 0001179110-16-018366
CIK 0001412502operating
Filed
Feb 2, 7:00 PM ET
Accepted
Feb 3, 1:48 PM ET
Size
6.0 KB
Accession
0001179110-16-018366
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.
Documents
Issuer
Sterling Real Estate Trust
CIK 0001412502
Entity typeoperating
IncorporatedND
Related Parties
1- filerCIK 0001412502
Filing Metadata
- Form type
- 4
- Filed
- Feb 2, 7:00 PM ET
- Accepted
- Feb 3, 1:48 PM ET
- Size
- 6.0 KB