X0306 4 2016-01-04 0000074208 UDR, Inc. UDR 0001234936 SCHUMACHER MARK A 1745 SHEA CENTER DRIVE SUITE 200 HIGHLANDS RANCH CO 80129 1 SVP-Chief Accounting Officer Common Stock 2016-01-04 4 A 0 4057.0000 36.9700 A 22617.0000 D Common Stock 2016-01-04 4 F 0 401.0000 36.9700 D 22216.0000 D Common Stock 2016-01-04 4 F 0 667.0000 36.9700 D 21549.0000 D Common Stock 2016-01-04 4 F 0 799.0000 36.9700 D 20750.0000 D Subject to the reporting person's continued employment, the grant vests in equal installments over 4 years from the grant date. Represents shares of restricted stock withheld to satisfy the reporting person's tax withholding obligation upon vesting of restricted stock. The deemed disposition of the withheld shares is exempt pursuant to Rule 16b-3(e). /s/ Mark A. Schumacher 2016-01-04