0001209191-22-051521.txt : 20220929
0001209191-22-051521.hdr.sgml : 20220929
20220929142746
ACCESSION NUMBER: 0001209191-22-051521
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: Rand Glenn
CENTRAL INDEX KEY: 0001862782
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-56165
FILM NUMBER: 221279766
MAIL ADDRESS:
STREET 1: C/O COTTONWOOD COMMUNITIES, INC.
STREET 2: 1245 BRICKYARD ROAD, SUITE 250
CITY: SALT LAKE CITY
STATE: UT
ZIP: 84106
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
0001862782
Rand Glenn
1245 BRICKYARD ROAD
SUITE 250
SALT LAKE CITY
UT
84106
0
1
0
0
Chief Operating Officer
CROP Units
2022-09-27
4
A
0
14319.684
A
Class I Common Stock, par value $0.01 per share
14319.684
37319.902
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.
Includes 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