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