Bluerock Residential Growth's Chief Acquisitions Officer was just granted 130,251 restricted shares

Ryan S Macdonald, Bluerock Residential Growth's Chief Acquisitions Officer, just received 130,251 restricted shares from the company. The restricted shares don't become available to Macdonald until such time as they become vested. Macdonald now owns at least 1,023,884 restricted shares of the company.

Some additional info was provided as follows:


Represents long-term incentive plan units ("LTIP Units") in Bluerock Residential Holdings, LP (the "Operating Partnership"), of which the Issuer is the general partner. These LTIP Units will vest ratably over a three year period 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 y ear 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.
Represents LTIP Units in the Operating Partnership, of which the Issuer is the general partner. These Long Term Performance Awards LTIP Units are subject to a three-year performance period and may vest at the end of that period subject to performance criteria and established targets. The LTIPs 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.

The above information was disclosed in a filing to the SEC. To see the filing, click here.

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