Statement of Changes in Beneficial Ownership (4)
May 28 2021 - 1:40PM
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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3235-0287
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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
[
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)
5/26/2021 |
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(Street)
MINOT, ND 58701
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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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 | 5/26/2021 | | A(1) | | 8534 | A | $0 | 37470 | D | |
| Common Shares of Beneficial Interest | 5/26/2021 | | F | | 3519 | D | $70.39 | 33951 | D | |
| 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 |
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 |
| Explanation of Responses: |
| (1) | On July 20, 2018, the reporting person was granted a performance share award based on the Company's total shareholder return ("TSR") compared to the MSCI U.S. REIT Index (the "Index") for the measurement period of May 1, 20218 through April 30, 2021. For the measurement period, the Company's TSR was at the 66th percentile of the Index, resulting in a payout at 162% of target, or 8,534 shares, being earned under the performance share award. |
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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| Anne Olson, Attorney in Fact for Mark O. Decker, Jr. | | 5/28/2021 |
| **Signature of Reporting Person | Date |
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