0001437749-20-011743.txt : 20200526
0001437749-20-011743.hdr.sgml : 20200526
20200526164010
ACCESSION NUMBER: 0001437749-20-011743
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20200521
FILED AS OF DATE: 20200526
DATE AS OF CHANGE: 20200526
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Kirchmann John
CENTRAL INDEX KEY: 0001705373
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-35624
FILM NUMBER: 20911183
MAIL ADDRESS:
STREET 1: 800 LASALLE AVENUE
STREET 2: SUITE 1600
CITY: MINNEAPOLIS
STATE: MN
ZIP: 55402
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: 1231
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
rdgdoc.xml
FORM 4
X0306
4
2020-05-21
0000798359
INVESTORS REAL ESTATE TRUST
IRET
0001705373
Kirchmann John
C/O INVESTORS REAL ESTATE TRUST
1400 31ST AVE. SW, SUITE 60
MINOT
ND
58702
1
EVP and CFO
Common Shares of Beneficial Interest
2020-05-21
4
A
0
1010
0
A
10338
D
Common Shares of Beneficial Interest
2020-05-21
4
A
0
2369
0
A
12707
D
Common Shares of Beneficial Interest
2020-05-21
4
F
0
428
66.36
D
12279
D
Common Shares of Beneficial Interest
2020-05-21
4
F
0
1003
66.36
D
11276
D
Common Shares of Beneficial Interest
1897
I
By IRA
Common Shares of Beneficial Interest
100
I
By Daughter
Common Shares of Beneficial Interest
184
I
By Daughter's IRA
Option (right to buy)
66.36
2020-05-21
4
A
0
23266
0
A
2030-05-21
Common Shares of Beneficial Interest
23266
23266
D
On June 21, 2017, the reporting person was granted a performance share award based on the Company's consolidated leverage ratio for the measurement period beginning on May 1, 2017 and ending on April 30, 2020. For the measurement period, 81% of the target payout, or 1,010 shares, was awarded under the
performance share award.
On June 21, 2017, 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 for the measurement period beginning on May 1, 2017 and ending on April 30, 2020. For the measurement period, the Company's TSR was at the 73rd percentile of the Index, resulting in a payout at 190% of target, or 2,369 shares, being earned under the performance share award.
Shares withheld for payment of taxes.
The options vest in equal installments on May 21, 2021, January 1, 2022, January 1, 2023 and January 1, 2024.
/s/ Anne Olson Attorney in Fact for John Kirchmann
2020-05-26