REID MICHAEL 4
4 · Inland Residential Properties Trust, Inc. · Filed Nov 29, 2018
Insider Transaction Report
Form 4
REID MICHAEL
Director
Transactions
- Award
Class A Common Stock
2018-11-27+219.2→ 1,028.746 total
Footnotes (2)
- [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 November 27, 2019, November 27, 2020 and November 27, 2021, 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 438.4 unvested restricted shares.