# EDGAR Filing Document

**Accession Number:** 0001194760
**File Stem:** 0001096906-23-000022
**Filing Date:** 2023-1
**Character Count:** 8962
**Document Hash:** 9ac9cbbdbaf1de58d9caa338411b8344
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001096906-23-000022.hdr.sgml**: 20230105

**ACCESSION NUMBER**: 0001096906-23-000022

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20230103

**FILED AS OF DATE**: 20230105

**DATE AS OF CHANGE**: 20230105

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** MCNAMARA ROBERT A
- **CENTRAL INDEX KEY:** 0001194760

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-10524
- **FILM NUMBER:** 23512785

**MAIL ADDRESS:**
- **STREET 1:** C/O FLUOR CORP
- **STREET 2:** ONE ENTERPRISE DR
- **CITY:** ALISO VIEJO
- **STATE:** CA
- **ZIP:** 92656
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** UDR, Inc.
- **CENTRAL INDEX KEY:** 0000074208
- **STANDARD INDUSTRIAL CLASSIFICATION:** REAL ESTATE INVESTMENT TRUSTS [6798]
- **IRS NUMBER:** 540857512
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**BUSINESS ADDRESS:**
- **STREET 1:** 1745 SHEA CENTER DRIVE
- **STREET 2:** SUITE 200
- **CITY:** HIGHLANDS RANCH
- **STATE:** CO
- **ZIP:** 80129
- **BUSINESS PHONE:** 720-283-6120

**MAIL ADDRESS:**
- **STREET 1:** 1745 SHEA CENTER DRIVE
- **STREET 2:** SUITE 200
- **CITY:** HIGHLANDS RANCH
- **STATE:** CO
- **ZIP:** 80129

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** UNITED DOMINION REALTY TRUST INC
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** OLD DOMINION REAL ESTATE INVESTMENT TRUST
- **DATE OF NAME CHANGE:** 19850110

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** OLD DOMINION REIT ONE
- **DATE OF NAME CHANGE:** 19770921

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

[ ] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>MCNAMARA ROBERT A<br><sub>(Last) (First) (Middle)</sub><br>1745 SHEA CENTER DRIVE<br>SUITE 200<br><sub>(Street)</sub><br>HIGHLANDS RANCH, CO 80129<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2023-01-03 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[X] Director [ ] 10% Owner<br>[ ] Officer (give title below) [ ] Other (specify below)<br>_ _ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>UDR, Inc. [ UDR ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Common Stock | 2023-01-03 |  | A |  | 2591 | A | $38.5900 | 24584 | D |  |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| Class 1 Performance LTIP Units<sup>(1)</sup> | <sup>(2)(3)(4)(5)(6)</sup> | 2023-01-03 |  | A |  | 12180<sup>(7)</sup> |  | <sup>(2)(3)(4)(5)(6)(7)</sup> | 2033-01-03 | Common Stock<sup>(2)(3)(4)(5)(6)(7)</sup> | 12180 | $0 | 12180 | D |  |

---

### Footnotes:

(1) Represents Class 1 Performance LTIP Units in United Dominion Realty, L.P., a Delaware limited partnership (the "UDR Partnership"). UDR, Inc. (the "Company") is the parent company and sole general partner of the UDR Partnership.

(2) Subject to the conditions set forth in the Eleventh Amendment to the Amended and Restated Agreement of Limited Partnership of the UDR Partnership (the "Partnership Agreement"), each Class 1 Performance LTIP Unit may be converted, at the election of the holder, into a Class 1 LTIP Unit at any time (i) on or after when the Class 1 Performance LTIP Unit has vested and (ii) before the expiration date of the Class 1 Performance LTIP Unit.

(3) Class 1 Performance LTIP Units convert to a number of Class 1 LTIP Units equal to (i) the applicable Performance LTIP Unit Value, which is calculated as the product of (x) the excess (if any) of the REIT Share Value over the Issue Price for the Class 1 Performance Unit and (y) the Conversion Factor, multiplied by (ii) the number of Class 1 Performance LTIP Units being converted, and divided by (iii) the REIT Share Value on the Conversion Date, as such terms are defined in the Partnership Agreement.

(4) Subject to the conditions set forth in the Eleventh Amendment to the Partnership Agreement and subject to any vesting conditions specified with respect to each Class 1 LTIP Unit, each Class 1 LTIP Unit may be converted, at the election of the holder, into a unit of limited partnership of the UDR Partnership (a "Partnership Common Unit"), provided that such Class 1 LTIP Unit has been outstanding for at least two years from the date of grant.

(5) A holder of Partnership Common Units has the right to require the UDR Partnership to redeem all or a portion of the Partnership Common Units held by the holder in exchange for a cash payment based on the market value of the Company's Common Stock at the time of redemption, as defined in the Partnership Agreement (the "Cash Amount"). However, the UDR Partnership's obligation to pay the Cash Amount is subject the prior right of the Company to acquire such Partnership Common Units in exchange for either the Cash Amount or shares of the Company's Common Stock.

(6) The Company, as the general partner of the UDR Partnership, may, in its sole discretion, purchase the Partnership Common Units by paying the limited partner either the Cash Amount or the REIT Share Amount (generally one share of the Company's Common Stock for each Partnership Common Unit), as such terms are defined in the Partnership Agreement. The right to convert the Class 1 LTIP Units into Partnership Common Units and the right to receive the Cash Amount or the REIT Share Amount (in the Company's sole discretion) in exchange for Partnership Common Units do not have expiration dates.

(7) The Class 1 Performance LTIP Units shall vest on the first anniversary of the vesting commencement date, which is January 3, 2024.

**Signature:** Robert A. McNamara  
**Date:** 2023-01-05

### Remarks:

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.**