4//SEC Filing
HANAUER JOE F 4
Accession 0001645873-22-000121
CIK 0001645873other
Filed
Apr 21, 8:00 PM ET
Accepted
Apr 22, 2:15 PM ET
Size
5.9 KB
Accession
0001645873-22-000121
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.
Documents
Issuer
MODIV INC.
CIK 0001645873
Entity typeother
IncorporatedCA
Related Parties
1- filerCIK 0000904277
Filing Metadata
- Form type
- 4
- Filed
- Apr 21, 8:00 PM ET
- Accepted
- Apr 22, 2:15 PM ET
- Size
- 5.9 KB