Bhairav Patel - Jan 1, 2022 Form 4 Insider Report for CENTERSPACE (CSR)

Role
SVP, Finance
Signature
Anne Olson, Attorney in Fact for Bhairav Patel
Stock symbol
CSR
Transactions as of
Jan 1, 2022
Transactions value $
$480,419
Form type
4
Date filed
1/4/2022, 05:01 PM
Previous filing
Sep 23, 2021
Next filing
Jan 4, 2023

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CSR Restricted Stock Units Award $0 +2.03K $0.00 2.03K Jan 1, 2022 Common Shares of Beneficial Interest 2.03K $0.00 Direct F1
transaction CSR Stock Options (Right to Buy) Award $480K +4.33K $110.90 4.33K Jan 1, 2022 Common Shares of Beneficial Interest 4.33K $110.90 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person received (i) 645 time-based units and (ii) 1,383 units granted as a signing bonus, all of which represent a contingent right to receive common shares of beneficial interest of Centerspace vesting over three years, in one-third increments on each anniversary of the grant date: January 1, 2023, 2024 and 2025.
F2 Represents the right to purchase 4,332 common shares of beneficial interest of Centerspace vesting over four years, in one-fourth increments on each anniversary of the grant date: January 1, 2023, 2024, 2025 and 2026.