Sec Form 4 Filing - SHIFFMAN GARY A @ SUN COMMUNITIES INC - 2021-05-24

Insider filing report for Changes in Beneficial Ownership
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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
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1. Name and Address of Reporting Person
SHIFFMAN GARY A
2. Issuer Name and Ticker or Trading Symbol
SUN COMMUNITIES INC [ SUI]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Chairman & CEO
(Last) (First) (Middle)
27777 FRANKLIN ROAD, SUITE 200
3. Date of Earliest Transaction (MM/DD/YY)
05/24/2021
(Street)
SOUTHFIELD, MI48034
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
COMMON STOCK, $0.01 PAR VALUE 05/24/2021 S 32,422 D $ 167.63 ( 1 ) 798,406 D
COMMON STOCK, $0.01 PAR VALUE 05/25/2021 S 39,778 D $ 168.11 ( 2 ) 758,628 D
COMMON STOCK, $0.01 PAR VALUE 05/25/2021 S 800 D $ 168.53 ( 3 ) 757,828 D
COMMON STOCK, $0.01 PAR VALUE 460,060 I Owned by a grantor retained annuity trust ( 4 )
COMMON STOCK, $0.01 PAR VALUE 86,810 I Owned by irrevocable trust ( 5 )
COMMON STOCK, $0.01 PAR VALUE 16,671 I Owned by spouse
COMMON STOCK, $0.01 PAR VALUE 76,000 I Owned by irrevocable trust. ( 6 )
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
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
SHIFFMAN GARY A
27777 FRANKLIN ROAD
SUITE 200
SOUTHFIELD, MI48034
X Chairman & CEO
Signatures
Gary A. Shiffman 05/26/2021
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The price reported in Column 4 is a volume weighted average price. These shares were sold in multiple transactions with prices ranging from $167.25 to $168.14, inclusive. The reporting person undertakes to provide to Sun Communities, Inc., any security holder of Sun Communities, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
( 2 )The price reported in Column 4 is a volume weighted average price. These shares were sold in multiple transactions with prices ranging from $167.44 to $168.44, inclusive. The reporting person undertakes to provide to Sun Communities, Inc., any security holder of Sun Communities, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
( 3 )The price reported in Column 4 is a volume weighted average price. These shares were sold in multiple transactions with prices ranging from $168.47 to $168.56, inclusive. The reporting person undertakes to provide to Sun Communities, Inc., any security holder of Sun Communities, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
( 4 )Owned by grantor retained annuity trust of which the reporting person is not a trustee. The reporting person is the only beneficiary during the term of the grantor retained annuity trust. At the end of the annuity term, the remaining property in the grantor retained annuity trust will be distributed to a trust for the benefit of the reporting person's spouse and descendants of which the reporting person is not a trustee.
( 5 )Owned by irrevocable trust of which the reporting person is not a trustee.
( 6 )Owned by irrevocable trust of which the reporting person is a trustee and the reporting person's spouse is a beneficiary.

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).

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