Sec Form 4 Filing - Hofmeister Tracy L @ UDR, Inc. - 2022-07-21

Insider filing report for Changes in Beneficial Ownership
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Expires: November 30, 2011
Estimated average burden hours per response... 0.5
1. Name and Address of Reporting Person
Hofmeister Tracy L
2. Issuer Name and Ticker or Trading Symbol
UDR, Inc. [ UDR]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
SVP - Chief Accounting Officer
(Last) (First) (Middle)
1745 SHEA CENTER DRIVE, SUITE 200
3. Date of Earliest Transaction (MM/DD/YY)
07/21/2022
(Street)
HIGHLANDS RANCH, CO80129
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (right to buy) $ 45.69 07/21/2022 A 101,833 ( 1 ) 07/21/2032 Common Stock 101,833 $ 0 101,833 D
Stock Option (right to buy) $ 45.69 07/21/2022 A 10,638 ( 2 ) 07/21/2032 Common Stock 10,638 $ 0 112,471 D
Stock Option (right to buy) $ 45.69 07/21/2022 A 10,493 ( 3 ) 07/21/2032 Common Stock 10,493 $ 0 122,964 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Hofmeister Tracy L
1745 SHEA CENTER DRIVE
SUITE 200
HIGHLANDS RANCH, CO80129
SVP - Chief Accounting Officer
Signatures
Tracy L. Hofmeister 07/25/2022
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Subject to the reporting person's continued employment, the grant will vest on the date that the Company's Compensation Committee determines performance five years after the grant date (the "Determination Date"), based on achievement of pre-determined performance metrics over five measurement periods of one year each, beginning July 1 and ending June 30, with 50 percent based on a goal measured by the Company's relative FFO as Adjusted growth rate as compared to an apartment peer group and 50 percent based on a goal measured by the Company's absolute FFO as Adjusted growth rate.
( 2 )Subject to the reporting person's continued employment, the grant will vest on the first anniversary of the Determination Date in an amount determined based on the percentage of the award referenced in footnote 1 that vests on the Determination Date.
( 3 )Subject to the reporting person's continued employment, the grant will vest on the second anniversary of the Determination Date in an amount determined based on the percentage of the award referenced in footnote 1 that vests on the Determination Date.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.