Inland Residential Properties Trust, Inc. 4
4 · Inland Residential Properties Trust, Inc. · Filed Jun 21, 2017
Insider Transaction Report
Form 4
Corbiere Adrian B
Director
Transactions
- Award
Class A Common Stock
2017-06-20+219.2→ 758.062 total(indirect: By LLC)
Footnotes (3)
- [F1]Shares of Class A common stock were granted to the reporting person under the Issuer's Employee and Director Incentive Restricted Share Plan. These shares were issued on account of the reporting person's service as a non-employee director of the Issuer and without additional consideration. The shares become vested in equal installments of 33-1/3% on June 20, 2018, June 20, 2019 and June 20, 2020, subject to the reporting person's continued service to the Issuer; provided that 100% of any then unvested shares becomes fully vested upon the consummation of a liquidity event.
- [F2]Includes 529.732 unvested restricted shares.
- [F3]Shares held by Race Point LLC, which is controlled by Mr. Corbiere.