0001209191-22-051512.txt : 20220929
0001209191-22-051512.hdr.sgml : 20220929
20220929140904
ACCESSION NUMBER: 0001209191-22-051512
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20220927
FILED AS OF DATE: 20220929
DATE AS OF CHANGE: 20220929
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Shaeffer Daniel
CENTRAL INDEX KEY: 0001809749
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-56165
FILM NUMBER: 221279683
MAIL ADDRESS:
STREET 1: 6340 SOUTH 3000 EAST
STREET 2: SUITE 500
CITY: SALT LAKE CITY
STATE: UT
ZIP: 84121
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Cottonwood Communities, Inc.
CENTRAL INDEX KEY: 0001692951
STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798]
IRS NUMBER: 000000000
STATE OF INCORPORATION: MD
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 1245 BRICKYARD RD.
STREET 2: SUITE 250
CITY: SALT LAKE CITY
STATE: UT
ZIP: 84106
BUSINESS PHONE: 801-278-0700
MAIL ADDRESS:
STREET 1: 1245 BRICKYARD RD.
STREET 2: SUITE 250
CITY: SALT LAKE CITY
STATE: UT
ZIP: 84106
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2022-09-27
0
0001692951
Cottonwood Communities, Inc.
N/A
0001809749
Shaeffer Daniel
1245 BRICKYARD ROAD
SUITE 250
SALT LAKE CITY
UT
84106
1
1
0
0
Chief Executive Officer
CROP Units
2022-09-27
4
A
0
142712.836
A
Class I Common Stock, par value $0.01 per share
142712.836
236676.316
I
By Cimarrona Capital, LLC
CROP Units
Class I Common Stock, par value $0.01 per share
3481504.91
3481504.91
I
By High Traverse Holdings, LLC
CROP Units
Class I Common Stock, par value $0.01 per share
436972.54
436972.54
I
By Cimarrona Legacy Utah Trust
CROP Units
Class I Common Stock, par value $0.01 per share
56795.294
56795.294
D
Represents common units of limited partnership ("CROP Units") of Cottonwood Communities, Inc.'s (the "Issuer") operating partnership, Cottonwood Residential O.P., LP (the "Operating Partnership" or "CROP"), a Delaware limited partnership. CROP Units may be redeemed for cash equal to the net asset value ("NAV") per share, determined pursuant to valuation procedures adopted by the Issuer's board of directors, of the Issuer's Class I common stock or, at the Issuer's election, for shares of the Issuer's Class I common stock on a one-for-one basis. The CROP Units are vested as of the date of issuance and have no expiration date.
Reflects the acquisition of CROP Units in connection with the mergers of Cottonwood Multifamily Opportunity Fund, Inc. ("CMOF") with and into Cottonwood Communities GP Subsidiary, LLC ("Merger Sub") (the "Company Merger"), a subsidiary of the Issuer, and of Cottonwood Multifamily Opportunity Fund O.P., LP ("CMOF OP"), CMOF's operating partnership, with and into CROP (the "CMOF OP Merger"). In connection with the CMOF OP Merger, each CMOF OP Limited Partnership Unit was converted into 0.8669 CROP Units.
The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
Reflects CROP Units which were converted from long term incentive plan units ("LTIP Units") of the Operating Partnership. The LTIP Units were originally granted to the reporting person as equity incentive compensation. Over time, LTIP Units can achieve full parity with CROP Units for all purposes. If such parity is reached, non-forfeitable LTIP Units automatically convert into CROP Units.
/s/ Adam Larson, attorney-in-fact
2022-09-29