Jordan B. Ruddy - Jul 14, 2021 Form 4 Insider Report for Bluerock Residential Growth REIT, Inc. (BRG)

Role
Chief Operating Officer and President
Signature
/s/ Christopher J. Vohs, Attorney-in-fact
Stock symbol
BRG
Transactions as of
Jul 14, 2021
Transactions value $
$0
Form type
4
Date filed
7/16/2021, 04:31 PM
Previous filing
Jul 12, 2021
Next filing
Aug 4, 2021

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 BRG LTIP Units Gift -479K -82.83% 99.3K Jul 14, 2021 Class A Common Stock 479K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On July 14, 2021, for estate planning purposes, the Reporting Person transferred, for no consideration, an aggregate of 478,881 restricted units of partnership interests ("LTIP Units") in Bluerock Residential Holdings, LP (the "Operating Partnership"), of which the Issuer is the general partner to an irrevocable trust of which members of the Reporting Person's family are the beneficiaries, and of which the Reporting Person is neither a trustee or beneficiary. LTIP Units may, subject to certain limitations, convert to limited partnership interest ("OP Units") in the Operating Partnership upon reaching capital account equivalency with the OP Units held by the Issuer, and may then be redeemed for cash or, at the option of the Issuer and after a one year holding period (including any period during which the LTIP Units were held), settled in shares of the Issuer's Class A common stock on a one-for-one basis.

Remarks:

Chief Operating Officer and President