Tubin Allan 4
4 · FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY · Filed Oct 20, 2022
Insider Transaction Report
Form 4
Tubin Allan
CFO and Treasurer
Transactions
- Exercise/Conversion
Option to Purchase
2022-10-19−6,000→ 0 totalExercise: $10.95Exp: 2024-09-03→ Common Stock, par value $0.01 per share (6,000 underlying) - Exercise/Conversion
Common Stock, par value $0.01 per share
2022-10-19$10.95/sh+6,000$65,700→ 11,000 total
Holdings
- 2,662(indirect: By Spouse)
Common Stock, par value $0.01 per share
Footnotes (4)
- [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]Shares held by Mr. Tubin's spouse, as to which shares Mr. Tubin disclaims beneficial interest.
- [F3]The original exercise price for the shares underlying this option was $18.45 per share. The exercise price was adjusted to $10.95 per share pursuant to the terms of FREIT's Equity Incentive Plan under which such option was granted.
- [F4]The shares underlying the option vest as follows: 1,200 shares vest on September 4, 2015; 1,200 shares vest on September 4, 2016; 1,200 shares vest on September 4, 2017; 1,200 shares vest on September 4, 2018; and 1,200 shares vest on September 4, 2019.