4//SEC Filing
Hekemian David 4
Accession 0001174947-22-001104
CIK 0000036840other
Filed
Oct 26, 8:00 PM ET
Accepted
Oct 27, 4:37 PM ET
Size
18.4 KB
Accession
0001174947-22-001104
Insider Transaction Report
Form 4
Hekemian David
Director
Transactions
- Exercise/Conversion
Common Stock, par value $0.01 per share
2022-10-25$8.00/sh+15,200$121,600→ 193,894 total - Disposition to Issuer
Option to Purchase
2022-10-25+15,000→ 0 totalExercise: $10.95Exp: 2024-09-04→ Common Stock, par value $0.01 per share (15,000 underlying) - Disposition to Issuer
Option to Purchase
2022-10-25+15,200→ 3,800 totalExercise: $8.00Exp: 2028-05-03→ Common Stock, par value $0.01 per share (15,200 underlying) - Exercise/Conversion
Common Stock, par value $0.01 per share
2022-10-25$10.95/sh+15,000$164,250→ 178,694 total
Holdings
- 1,916(indirect: By Spouse)
Common Stock, par value $0.01 per share
- 25,470(indirect: By Trust)
Common Stock, par value $0.01 per share
- 102,216(indirect: By LLC)
Common Stock, par value $0.01 per share
- 17,638(indirect: By Trust)
Common Stock, par value $0.01 per share
- 88,940(indirect: By Foundation)
Common Stock, par value $0.01 per share
- 6,000(indirect: By Trust)
Common Stock, par value $0.01 per share
Footnotes (11)
- [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.
- [F10]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.
- [F11]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.
- [F2]Shares held by certain partnerships and limited liability companies in which Mr. Hekemian is a partner or member. Mr. Hekemian disclaims beneficial ownership of the shares held by such partnerships and limited liability companies except to the extent of his pecuniary interest therein.
- [F3]Shares held in by a certain trust for the benefit of Mr. Hekemian's nephews, of which Mr. Hekemian is the trustee. Mr. Hekemian disclaims beneficial ownership of the shares held by such trust.
- [F4]Shares held in a certain trust, of which Mr. Hekemian is a beneficiary. Mr. Hekemian disclaims beneficial ownership of the shares held by such trust except to the extent of his pecuniary interest therein.
- [F5]Shares held by the Robert and Mary Jane Hekemian Foundation, Inc., of which Mr. Hekemian is the Vice President/Treasurer. Mr. Hekemian disclaims beneficial ownership of the shares held by the Robert and Mary Jane Hekemian Foundation, Inc.
- [F6]Shares held in a certain trust for the benefit of Mr. Hekemian's children, of which Mr. Hekemian is the trustee. Mr. Hekemian disclaims beneficial ownership of the shares held by such trust.
- [F7]Shares held by Mr. Hekemian's wife. Mr. Hekemian disclaims beneficial ownership of the shares held by his wife.
- [F8]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.
- [F9]The shares underlying the option vest as follows: 3,000 shares vest on September 4, 2015; 3,000 shares vest on September 4, 2016; 3,000 shares vest on September 4, 2017; 3,000 shares vest on September 4, 2018; and 3,000 shares vest on September 4, 2019.
Documents
Issuer
FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY
CIK 0000036840
Entity typeother
Related Parties
1- filerCIK 0001737370
Filing Metadata
- Form type
- 4
- Filed
- Oct 26, 8:00 PM ET
- Accepted
- Oct 27, 4:37 PM ET
- Size
- 18.4 KB