Amended Statement of Changes in Beneficial Ownership (4/a)
January 15 2021 - 10:40AM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Decker Mark Okey Jr |
2. Issuer Name and Ticker or Trading Symbol
INVESTORS REAL ESTATE TRUST
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CSR
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
President, CEO and CIO |
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(Last)
(First)
(Middle)
C/O INVESTORS REAL ESTATE TRUST, 3100 10TH STREET SW |
3. Date of Earliest Transaction
(MM/DD/YYYY)
1/1/2021 |
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(Street)
MINOT, ND 58701
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
1/5/2021 |
6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security
(Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code
(Instr. 8)
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4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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| Common Shares of Beneficial Interest | | | | | | | | 1525 | I | By Spouse IRA |
| Common Shares of Beneficial Interest | | | | | | | | 20 | I | Child 1 |
| Common Shares of Beneficial Interest | | | | | | | | 20 | I | Child 2 |
| Common Shares of Beneficial Interest | | | | | | | | 20 | I | Child 3 |
| Common Shares of Beneficial Interest | | | | | | | | 20 | I | Child 4 |
| Common Shares of Beneficial Interest | | | | | | | | 27136 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security
(Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code
(Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) | 8. Price of Derivative Security
(Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
| Restricted Stock Units | (1) | 1/1/2021 | | A | | 2973 | | (2) | (2) | Common Shares of Beneficial Interest | 2973 | $0 | 2973 | D | |
| Option (right to buy) | $70.64 (4) | 1/1/2021 | | A | | 20239 | | (3) | 1/1/2031 | Common Shares of Beneficial Interest | 20239 | $0 | 20239 | D | |
| Explanation of Responses: |
| (1) | Each restricted stock unit represents a contingent right to receive one IRET common share. |
| (2) | The restricted stock units vest in three equal installments on January 1, 2022; January 1, 2023 and January 1, 2024. |
| (3) | The options vest in four equal installments on January 1, 2022; January 1, 2023; January 1, 2024 and January 1, 2025. |
| (4) | This amendment corrects the exercise price that was disclosed in the original filing on January 5, 2021. |
Reporting Owners
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| Reporting Owner Name / Address | Relationships |
| Director | 10% Owner | Officer | Other |
Decker Mark Okey Jr
C/O INVESTORS REAL ESTATE TRUST
3100 10TH STREET SW
MINOT, ND 58701 | X |
| President, CEO and CIO |
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Signatures
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| /s/ Anne Olson, attorney in fact for Mark Okey Decker Jr. | | 1/14/2021 |
| **Signature of Reporting Person | Date |
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