0001102729-12-000007.txt : 20120221 0001102729-12-000007.hdr.sgml : 20120220 20120221153321 ACCESSION NUMBER: 0001102729-12-000007 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20120216 FILED AS OF DATE: 20120221 DATE AS OF CHANGE: 20120221 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: STENEHJEM STEPHEN CENTRAL INDEX KEY: 0001102729 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-14851 FILM NUMBER: 12626690 MAIL ADDRESS: STREET 1: 1400 31ST AVENUE SW, SUITE 60 CITY: MINOT STATE: ND ZIP: 58701 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: INVESTORS REAL ESTATE TRUST CENTRAL INDEX KEY: 0000798359 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 450311232 STATE OF INCORPORATION: ND FISCAL YEAR END: 0408 BUSINESS ADDRESS: STREET 1: 1400 31ST AVENUE SW, SUITE 60 STREET 2: PO BOX 1988 CITY: MINOT STATE: ND ZIP: 58702-1988 BUSINESS PHONE: 701-837-4738 MAIL ADDRESS: STREET 1: 1400 31ST AVENUE SW, SUITE 60 STREET 2: PO BOX 1988 CITY: MINOT STATE: ND ZIP: 58702-1988 4 1 primary_doc.xml PRIMARY DOCUMENT X0304 4 2012-02-16 0 0000798359 INVESTORS REAL ESTATE TRUST IRET 0001102729 STENEHJEM STEPHEN 1400 31ST AVENUE SW, SUITE 60 MINOT ND 58701 1 0 0 0 UPREIT Units 2012-02-16 4 A 0 137164 7.65 A Common Shares of Beneficial Interest 137164 137164 I by Judith H. Stenehjem (SLS) Limited Partnership Limited partnership units in IRET Properties, a North Dakota Limited Partnership, of which the issuer is the general partner. The UPREIT Units are redeemable on the second anniversary of the date of their acquisition for an equal number of the issuer's common shares, or, at the election of the issuer, cash based on the market value of an equal number of the issuer's common shares. The UPREIT units were received in exchange for the indirect contribution to IRET Properties of a real estate property. The value of the UPREIT units was $7.65 as of the acquisition date, calculated in accordance with a formula established in a Contribution Agreement dated effective January 31,2012. UPREIT units are convertible to common shares of the issuer on a one-to-one basis, or cash, at the election of the issuer. UPREIT units have no expiration date. The reporting person holds, directly or indirectly, an ownership interest in this entity. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein. Lindsey Knoop Anderson, Attorney-in-Fact 2012-02-21