4//SEC Filing
Konig Michael L. 4
Accession 0001104659-22-046114
CIK 0001442626other
Filed
Apr 13, 8:00 PM ET
Accepted
Apr 14, 5:25 PM ET
Size
16.3 KB
Accession
0001104659-22-046114
Insider Transaction Report
Form 4
Konig Michael L.
SVP, Sec & General Counsel
Transactions
- Other
Class C Common Stock
2022-02-28−8,670→ 0 total(indirect: See Footnote) - Award
LTIP Units
2022-04-12+9,276→ 280,313 total(indirect: See Footnote)→ Class A Common Stock (9,276 underlying) - Other
Class A Common Stock
2022-02-28+8,670→ 726,677 total(indirect: See Footnote) - Disposition to Issuer
LTIP Units
2022-04-12−1,985→ 271,037 total(indirect: See Footnote)→ Class A Common Stock (1,985 underlying) - Award
LTIP Units
2022-04-12+7,312→ 287,625 total(indirect: See Footnote)→ Class A Common Stock (7,312 underlying)
Footnotes (4)
- [F1]Shares of the Issuer's Class C Common Stock converted automatically, at the holder's option, into shares of the Issuer's Class A Common Stock on a one-for-one basis, upon the occurrence of certain transfers of units of limited partnership interest ("OP Units") in Bluerock Residential Holdings, LP (the "Operating Partnership"). These shares are owned by Konig & Associates, LLC, which is 100% owned by Michael Konig.
- [F2]Represents the forfeiture of long-term incentive plan units ("LTIP Units") in the Operating Partnership, of which the Issuer is the general partner, granted to the reporting person on January 1, 2019, which were eligible to vest subject to achievement of certain performance criteria and established targets over a three-year performance period. Upon grant, the maximum vesting amount was reported in Table II of Form 4. On April 12, 2022, the Issuer determined that, based on the Issuer's performance over the applicable performance period, 39,822 LTIP Units would vest and 1,985 LTIP Units would be forfeited. These LTIP Units are owned by Konig & Associates, LLC.
- [F3]Represents LTIP Units in the Operating Partnership, of which the Issuer is the general partner. These LTIP Units are issued in payment of a portion of the annual incentive bonus for the fiscal year ended December 31, 2021. These LTIP Units are vested upon issuance and may convert to OP Units 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. These LTIP Units are owned by Konig & Associates, LLC.
- [F4]Represents LTIP Units in the Operating Partnership, of which the Issuer is the general partner. These LTIP Units are issued in payment of a portion of the annual incentive bonus for the fiscal year ended December 31, 2021. These LTIP Units will vest on the first anniversary of issuance and may convert to OP Units 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. These LTIP Units are owned by Konig & Associates, LLC.
Documents
Issuer
Bluerock Residential Growth REIT, Inc.
CIK 0001442626
Entity typeother
Related Parties
1- filerCIK 0001575506
Filing Metadata
- Form type
- 4
- Filed
- Apr 13, 8:00 PM ET
- Accepted
- Apr 14, 5:25 PM ET
- Size
- 16.3 KB