4//SEC Filing
Fisher Joseph D 4
Accession 0001664272-24-000338
CIK 0000074208other
Filed
Sep 17, 8:00 PM ET
Accepted
Sep 18, 5:21 PM ET
Size
13.1 KB
Accession
0001664272-24-000338
Insider Transaction Report
Form 4
UDR, Inc.UDR
Fisher Joseph D
President, CFO & CIO
Transactions
- Exercise/Conversion
Partnership Common Units
2024-09-16$44.33/sh+45,000$1,995,008→ 45,000 total→ Common Stock (45,000 underlying) - Exercise/Conversion
Class 2 LTIP Units
2024-09-16$44.33/sh−45,000$1,995,008→ 430,849 total→ Common Stock (45,000 underlying) - Disposition to Issuer
Partnership Common Units
2024-09-16$44.33/sh−45,000$1,995,008→ 0 total→ Common Stock (45,000 underlying)
Footnotes (7)
- [F1]Represents Class 2 LTIP Units (the "Class 2 LTIP Units") in United Dominion Realty, L.P., a Delaware limited partnership (the "UDR Partnership"). UDR, Inc. (the "Company") is the parent company and sole general partner of the UDR Partnership.
- [F2]Subject to the conditions set forth in the Amended and Restated Agreement of Limited Partnership of the UDR Partnership, as amended (the "Partnership Agreement") and subject to the vesting conditions specified with respect to each Class 2 LTIP Unit, each Class 2 LTIP Unit may be converted, at the election of the holder, into a unit of limited partnership of the UDR Partnership (a "Partnership Common Unit"), provided that such Class 2 LTIP Unit has been outstanding for at least two years from the date of grant.
- [F3]A holder of Partnership Common Units has the right to require the UDR Partnership to redeem all or a portion of the Partnership Common Units held by the holder in exchange for a cash payment based on the market value of the Company's Common Stock at the time of redemption, as defined in the Partnership Agreement (the "Cash Amount"). However, the UDR Partnership's obligation to pay the Cash Amount is subject the prior right of the Company to acquire such Partnership Common Units in exchange for either the Cash Amount or shares of the Company's Common Stock.
- [F4]The Company, as the general partner of the UDR Partnership, may, in its sole discretion, purchase the Partnership Common Units by paying the limited partner either the Cash Amount or the REIT Share Amount (generally one share of the Company's Common Stock for each Partnership Common Unit), as such terms are defined in the Partnership Agreement. The right to convert the Class 2 LTIP Units into Partnership Common Units and the right to receive the Cash Amount or the REIT Share Amount (in the Company's sole discretion) in exchange for Partnership Common Units do not have expiration dates.
- [F5]Amount represents the number of vested Class 2 LTIP Units that were converted into Partnership Common Units.
- [F6]Amount represents the number of Partnership Common Units acquired upon conversion of the Class 2 LTIP Units.
- [F7]Amount represents the number of Partnership Common Units acquired by the UDR Partnership.
Documents
Issuer
UDR, Inc.
CIK 0000074208
Entity typeother
Related Parties
1- filerCIK 0001691531
Filing Metadata
- Form type
- 4
- Filed
- Sep 17, 8:00 PM ET
- Accepted
- Sep 18, 5:21 PM ET
- Size
- 13.1 KB