HANAUER JOE F 4
4 · MODIV INC. · Filed Apr 22, 2022
Insider Transaction Report
Form 4
MODIV INC.MDV
HANAUER JOE F
Director
Holdings
- 12,435
Class M OP Units
Exercise: $0.00→ Class M OP Units (7,461 underlying) - 6,087.062
COMMON STOCK, CLASS C
Footnotes (2)
- [F1]Pursuant to the provisions contained in the third amended and restated limited partnership agreement of Modiv Operating Partnership, LP, a holder of Class M OP Units that have been outstanding for at least one year may be converted into shares of the issuer's Class C common stock, subject to a reduced conversion ratio if converted prior to December 31, 2023. The Class MOP Units that are held until December 31, 2023 are convertible at an initial conversion ratio of 1.66667 which may increase if certain performance milestones are achieved.
- [F2]There is no expiration date in connection with the Class M OP Units.