JEKOGIAN III NICKOLAS W 4
4 · PRESIDENTIAL REALTY CORP/DE/ · Filed Nov 10, 2011
Insider Transaction Report
Form 4
JEKOGIAN III NICKOLAS W
DirectorSee Remarks
Transactions
- Award
Option
2011-11-08+370,000→ 370,000 totalExercise: $1.25Exp: 2021-11-08→ Class B Common Stock (370,000 underlying)
Footnotes (2)
- [F1]74,000 of the shares of Class B Common Stock covered by the Option may be purchased at any time after the expiration of six months from the transaction date; 148,000 shares of Class B Common Stock subject to the Option will become exercisable upon a sale of the Issuer's equity or certain other securities stock yielding proceeds of at least $20 million to the Issuer; and 148,000 shares of Class B Common Stock subject to the Option will become exercisable upon the consummation of a public offering of the Issuer's stock yielding proceeds of at least $40 million to the Issuer. All Options not previously exercised will become exercisable upon a change of control.
- [F2]Option will expire early upon certain events of termination of the reporting person's employment.