4//SEC Filing
Yockey Thomas M 4
Accession 0001062993-22-022852
CIK 0000764897other
Filed
Nov 27, 7:00 PM ET
Accepted
Nov 28, 6:26 PM ET
Size
9.7 KB
Accession
0001062993-22-022852
Insider Transaction Report
Form 4
Yockey Thomas M
Director
Transactions
- Award
OP Units
2022-11-23$2.00/sh+97,086$194,172→ 517,609 totalFrom: 2023-11-23→ Common Stock (97,086 underlying) - Award
OP Units
2022-11-23+136,213→ 653,822 totalFrom: 2023-11-23→ Common Stock (136,213 underlying)
Footnotes (5)
- [F1]Represents Class A units of limited partnership interest ("OP Units") in Broad Street Operating Partnership, LP (the "Operating Partnership"). Broad Street Realty, Inc. (the "Company") is the sole member of the general partner of the Operating Partnership. Beginning on the 12-month anniversary of the date of issuance, each OP Unit is redeemable for cash equal to the then-current market value of one share of the Company's common stock or, in the Company's sole discretion, one share of the Company's common stock. The OP Units have no expiration date.
- [F2]Received in exchange for direct or indirect interests in BBL Current Owner, LLC ("BBL Current"), pursuant to the previously disclosed purchase and sale agreement (the "MTR Agreement"), dated December 21, 2021, by and between the Company and BBL Current. Upon the closing of the transactions contemplated by the MTR Agreement, the reporting person received OP Units in exchange for his direct or indirect interests in BBL Current.
- [F3]Pursuant to the MTR Agreement, the OP Units were valued at $2.00 per unit to determine the number of OP Units issuable to the reporting person.
- [F4]Received in exchange for membership interests in BSV Lamont Investors LLC ("Lamont"), pursuant to the previously disclosed Agreement and Plan of Merger (the "Lamont Merger Agreement"), dated as of May 28, 2019, as amended on November 27, 2019 and December 27, 2019, by and among Lamont, the Company, the Operating Partnership and a subsidiary. Upon the closing of the transactions contemplated by the Lamont Merger Agreement (the "Lamont Merger"), the membership interests that were then outstanding were converted into the right to receive OP Units.
- [F5]As of the date immediately prior to the effective time of the Lamont Merger, the last reported sales price of the Company's common stock on the OTCQX was $0.79 per share.
Issuer
Broad Street Realty, Inc.
CIK 0000764897
Entity typeother
Related Parties
1- filerCIK 0001794516
Filing Metadata
- Form type
- 4
- Filed
- Nov 27, 7:00 PM ET
- Accepted
- Nov 28, 6:26 PM ET
- Size
- 9.7 KB