0001096906-23-001464.txt : 20230728
0001096906-23-001464.hdr.sgml : 20230728
20230728165236
ACCESSION NUMBER: 0001096906-23-001464
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230726
FILED AS OF DATE: 20230728
DATE AS OF CHANGE: 20230728
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: TOOMEY THOMAS W
CENTRAL INDEX KEY: 0001195697
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-10524
FILM NUMBER: 231123802
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: UDR, Inc.
CENTRAL INDEX KEY: 0000074208
STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798]
IRS NUMBER: 540857512
STATE OF INCORPORATION: MD
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 1745 SHEA CENTER DRIVE
STREET 2: SUITE 200
CITY: HIGHLANDS RANCH
STATE: CO
ZIP: 80129
BUSINESS PHONE: 720-283-6120
MAIL ADDRESS:
STREET 1: 1745 SHEA CENTER DRIVE
STREET 2: SUITE 200
CITY: HIGHLANDS RANCH
STATE: CO
ZIP: 80129
FORMER COMPANY:
FORMER CONFORMED NAME: UNITED DOMINION REALTY TRUST INC
DATE OF NAME CHANGE: 19920703
FORMER COMPANY:
FORMER CONFORMED NAME: OLD DOMINION REAL ESTATE INVESTMENT TRUST
DATE OF NAME CHANGE: 19850110
FORMER COMPANY:
FORMER CONFORMED NAME: OLD DOMINION REIT ONE
DATE OF NAME CHANGE: 19770921
4
1
form4.xml
PRIMARY DOCUMENT
X0508
4
2023-07-26
0
0000074208
UDR, Inc.
UDR
0001195697
TOOMEY THOMAS W
1745 SHEA CENTER DRIVE
SUITE 200
HIGHLANDS RANCH
CO
80129
1
1
0
0
Chairman and CEO
0
Class 2 LTIP Units
2023-07-26
4
M
0
150000.0000
42.9700
D
Common Stock
150000.0000
491070.0000
D
Partnership Common Units
2023-07-26
4
M
0
150000.0000
42.9700
A
Common Stock
150000.0000
150000.0000
D
Partnership Common Units
2023-07-26
4
D
0
150000.0000
42.9700
D
Common Stock
150000.0000
0.0000
D
Represents Class 2 LTIP Units (the "Class 2 LTIP Units") in United Dominion Realty, L.P., a Delaware limited partnership (the "UDR Partnership"). UDR, Inc. (the "Company") is the parent company and sole general partner of the UDR Partnership.
Subject to the conditions set forth in the Amended and Restated Agreement of Limited Partnership of the UDR Partnership, as amended (the "Partnership Agreement") and subject to the vesting conditions specified with respect to each Class 2 LTIP Unit, each Class 2 LTIP Unit may be converted into a unit of limited partnership of the UDR Partnership (a "Partnership Common Unit"), provided that such Class 2 LTIP Unit has been outstanding for at least two years from the date of grant.
A holder of Partnership Common Units has the right to require the UDR Partnership to redeem all or a portion of the Partnership Common Units held by the holder in exchange for a cash payment based on the market value of the Company's Common Stock at the time of redemption, as defined in the Partnership Agreement (the "Cash Amount"). However, the UDR Partnership's obligation to pay the Cash Amount is subject to the prior right of the Company to acquire such Partnership Common Units in exchange for either the Cash Amount or shares of the Company's Common Stock.
The Company, as the general partner of the UDR Partnership, may, in its sole discretion, purchase the Partnership Common Units by paying the limited partner either the Cash Amount or the REIT Share Amount (generally one share of the Company's Common Stock for each Partnership Common Unit), as such terms are defined in the Partnership Agreement. The right to convert the Class 2 LTIP Units into Partnership Common Units and the right to receive the Cash Amount or the REIT Share Amount (in the Company's sole discretion) in exchange for Partnership Common Units do not have expiration dates.
Amount represents the number of vested Class 2 LTIP Units that were converted into Partnership Common Units.
Amount represents the number of Partnership Common Units acquired upon conversion of the Class 2 LTIP Units.
Amount represents the number of Partnership Common Units acquired by the Company.
Thomas W. Toomey
2023-07-28