Ramin Kamfar, Bluerock Residential Growth's Chairman and CEO and a director of the company, just received 7,201 restricted shares from the company. The restricted shares don't become available to Kamfar until such time as they become vested. Kamfar now owns at least 35,723 restricted shares of the company.
Some additional info was provided as follows:
Represents restricted units of partnership interests ("LTIP Units") in Bluerock Residential Holdings, LP (the "Operating Partnership"), of which the Issuer is the general partner. These LTIP Units are owned by Bluerock Multifamily Advisor, LLC (the "Advisor"), in which the Reporting Person owns an indirect interest. These LTIP units may convert to Operating Partnership units ("OP Units") upon reaching capital ac count equivalency with the OP Units held by the Issuer, and may then be settled in shares of the Issuer's Class A common stock on a one-for-one basis.
2,190 of the Reporting Person's LTIP Units owned by the Advisor were converted into OP Units on a one-for-one basis.
Represents OP Units. Each OP Unit may be settled in shares of the Issuer's Class A common stock on a one-for-one basis. These OP Units are owned by the Advisor.
Disposition is as a result of an in kind distribution of OP Units allocable to members of the Advisor at the request of such members as permitted under the Advisor's Limited Liability Company Agreement.
Represents OP Units distributed in connection with the ongoing wind down of a BR-NPT Springing Entity, LLC, in which the Reporting Person held an indirect interest through various limited liability companies to which the distribution was made. These OP Units may then be settled in shares of the Issuer's Class A common stock on a one-for-one basis.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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