Participation in the Series C Out-Performance Program
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EX-10.07 3 d27563exv10w07.htm PARTICIPATION IN THE SERIES C OUT-PERFORMANCE PROGRAM exv10w07
EXHIBIT 10.07
Participation in the Series C
Out-Performance Program
Out-Performance Program
Set forth below is information relating to the participation in the Series C Out-Performance Program by certain officers of United Dominion Realty Trust, Inc., including information relating to their membership interests in UDR Out-Performance III, LLC.
UDR OUT-PERFORMANCE III, LLC
MEMBERS, CAPITAL CONTRIBUTIONS AND MEMBERSHIP INTERESTS
| Capital | ||||||||||||||||
| Capital | Contributions1 | |||||||||||||||
| Contributions | (Other | Membership | Percentage | |||||||||||||
| Members | (Cash) | Consideration) | Units | Interests | ||||||||||||
Thomas W. Toomey | $ | 100,000 | $ | 125,000 | 225,000 | 30 | % | |||||||||
W. Mark Wallis | $ | 75,000 | 75,000 | 10 | % | |||||||||||
Christopher D. Genry | $ | 45,000 | 45,000 | 6 | % | |||||||||||
Martha R. Carlin | $ | 45,000 | 45,000 | 6 | % | |||||||||||
Richard A. Giannotti | $ | 75,000 | 75,000 | 10 | % | |||||||||||
Michael J. Kelly | $ | 37,500 | 37,500 | 5 | % | |||||||||||
Mark E. Wood | $ | 37,500 | 37,500 | 5 | % | |||||||||||
Matthew T. Akin | $ | 37,500 | 37,500 | 5 | % | |||||||||||
Thomas A. Spangler | $ | 60,000 | 60,000 | 8 | % | |||||||||||
Moises V. Vela, Jr. | $ | 37,500 | 37,500 | 5 | % | |||||||||||
Patrick S. Gregory | $ | 37,500 | 37,500 | 5 | % | |||||||||||
Sara Jo Light | $ | 37,500 | 37,500 | 5 | % | |||||||||||
| 1 | Interests in UDR Out-Performance I, LLC, a Virginia limited liability company (valued at $18.7495 per limited liability company interest), common stock of United Dominion Realty Trust, Inc. or other consideration. |
