4//SEC Filing
PRESIDENTIAL REALTY CORP/DE/ 4
Accession 0001144204-17-001679
$PDNLACIK 0000731245operating
Filed
Jan 9, 7:00 PM ET
Accepted
Jan 10, 6:05 PM ET
Size
8.2 KB
Accession
0001144204-17-001679
Insider Transaction Report
Form 4
LUDWIG ALEXANDER
DirectorSee Remarks
Transactions
- Award
Class B Common Stock
2017-01-06$0.03/sh+450,000$13,500→ 450,000 total - Award
Option (Right to Buy)
2017-01-06+1→ 1 totalExercise: $0.00→ Class B Common Stock (550,000 underlying)
Footnotes (2)
- [F1]On January 6, 2017, Mr. Ludwig was granted an option to purchase the shares at a purchase price of $0.00 per share.
- [F2]The option will expire on the tenth anniversary following the grant date and is subject to certain conditions, which include (1) the Company has consummated an equity offering, capital raise or such other offering such that the issuance of any Class B Shares covered by such option would not be deemed "Excess Shares" as that term is defined in the certificate of incorporation of the Company, and (2) to the extent the Company deems it necessary in connection with the exercise of the option, the Company has obtained an opinion of counsel from a nationally recognized law firm to the effect that the issuance of Class B Shares subject to the option will not cause the Company to be treated as "closely held" within the meaning of Section 856(a)(6) of the Internal Revenue Code of 1986, as amended.
Documents
Issuer
PRESIDENTIAL REALTY CORP/DE/
CIK 0000731245
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000731245
Filing Metadata
- Form type
- 4
- Filed
- Jan 9, 7:00 PM ET
- Accepted
- Jan 10, 6:05 PM ET
- Size
- 8.2 KB