4//SEC Filing
Aslanian Richard 4
Accession 0001104659-22-108721
CIK 0000036840other
Filed
Oct 13, 8:00 PM ET
Accepted
Oct 14, 10:42 AM ET
Size
7.9 KB
Accession
0001104659-22-108721
Insider Transaction Report
Form 4
Aslanian Richard
Director
Transactions
- Exercise/Conversion
Common Stock, par value $0.01 per share
2022-10-12$8.00/sh+15,200$121,600→ 25,400 total - Exercise/Conversion
Option to Purchase
2022-10-12−15,200→ 3,800 totalExercise: $8.00Exp: 2028-05-02→ Common Stock, par value $0.01 per share (15,200 underlying)
Footnotes (3)
- [F1]Prior to the reincorporation of First Real Estate Investment Trust of New Jersey, Inc. ("FREIT") from a New Jersey real estate investment trust to a Maryland corporation on July 1, 2021, FREIT's equity securities were beneficial interests in FREIT that were designated as "shares" without par value. In connection with the reincorporation of FREIT as a Maryland corporation, FREIT's shares of beneficial interest were converted to shares of common stock, par value $0.01 per share, on a 1-for-1 basis.
- [F2]The original exercise price for the shares underlying this option was $15.50 per share. The exercise price was adjusted to $8 per share pursuant to the terms of FREIT's Equity Incentive Plan under which such option was granted.
- [F3]The shares underlying the option vest as follows: 3,800 shares vest on May 3, 2019; 3,800 shares vest on May 3, 2020; 3,800 shares vest on May 3, 2021; 3,800 shares vest on May 3, 2022; and 3,800 shares vest on May 3, 2023.
Documents
Issuer
FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY
CIK 0000036840
Entity typeother
Related Parties
1- filerCIK 0001737296
Filing Metadata
- Form type
- 4
- Filed
- Oct 13, 8:00 PM ET
- Accepted
- Oct 14, 10:42 AM ET
- Size
- 7.9 KB