GARY A. SHIFFMAN - 16 Aug 2021 Form 4 Insider Report for SUN COMMUNITIES INC (SUI)

Signature
Gary A. Shiffman
Issuer symbol
SUI
Transactions as of
16 Aug 2021
Transactions value $
-$19,584,390
Form type
4
Filing time
02 Nov 2021, 16:19:42 UTC
Previous filing
05 Aug 2021
Next filing
04 Mar 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SUI COMMON STOCK, $0.01 PAR VALUE Purchase $25.6M +129K +12.4% $197.42 1.17M 16 Aug 2021 Direct F1
transaction SUI COMMON STOCK, $0.01 PAR VALUE Purchase -$45.1M -233K -19.89% $193.42 940K 01 Nov 2021 Direct F2
holding SUI COMMON STOCK, $0.01 PAR VALUE 233K 16 Aug 2021 Owned by a grantor retained annuity trust F3
holding SUI COMMON STOCK, $0.01 PAR VALUE 131K 16 Aug 2021 Owned by irrevocable trusts F4
holding SUI COMMON STOCK, $0.01 PAR VALUE 16.7K 16 Aug 2021 Owned by spouse
holding SUI COMMON STOCK, $0.01 PAR VALUE 76K 16 Aug 2021 Owned by irrevocable trust. F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person reacquired shares of common stock from the grantor retained annuity trust described in footnote 3 below by substituting assets of equal value, as permitted by the trust agreement. This transaction was for estate planning purposes.
F2 The reporting person transferred shares of common stock to the grantor retained annuity trust described in footnote 3 below in exchange for assets of equal value, as permitted by the trust agreement. This transaction was for estate planning purposes.
F3 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.
F4 Owned by irrevocable trusts of which the reporting person is neither the trustee nor the beneficiary. The beneficiaries of these trusts are the reporting person's spouse and other family members.
F5 Owned by irrevocable trust of which the reporting person is a trustee and beneficiary.