4//SEC Filing
Hekemian Robert S Jr 4
Accession 0001174947-22-001106
CIK 0000036840other
Filed
Oct 26, 8:00 PM ET
Accepted
Oct 27, 4:39 PM ET
Size
17.5 KB
Accession
0001174947-22-001106
Insider Transaction Report
Form 4
Hekemian Robert S Jr
Other
Transactions
- Disposition to Issuer
Option to Purchase
2022-10-26+19,000→ 0 totalExercise: $10.95Exp: 2024-09-03→ Common Stock, par value $0.01 per share (19,000 underlying) - Disposition to Issuer
Option to Purchase
2022-10-26+4,000→ 0 totalExercise: $10.95Exp: 2024-09-03→ Common Stock, par value $0.01 per share (4,000 underlying) - Exercise/Conversion
Common Stock, par value $0.01 per share
2022-10-26$10.95/sh+4,000$43,800→ 174,236 total - Exercise/Conversion
Common Stock, par value $0.01 per share
2022-10-26$10.95/sh+19,000$208,050→ 170,236 total
Holdings
- 1,000(indirect: By Spouse)
Common Stock, par value $0.01 per share
- 11,000(indirect: By Trust)
Common Stock, par value $0.01 per share
- 25,458(indirect: By Trust)
Common Stock, par value $0.01 per share
- 102,216(indirect: By Partnership)
Common Stock, par value $0.01 per share
- 9,238(indirect: By Trust)
Common Stock, par value $0.01 per share
Footnotes (12)
- [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]This option was granted to Mr. Hekemian in his capacity as the President and Chief Operating Officer of Hekemian & Co., Inc., the managing agent of FREIT.
- [F11]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.
- [F12]The shares underlying the option vest as follows: 800 shares vest on September 4, 2015; 800 shares vest on September 4, 2016; 800 shares vest on September 4, 2017; 800 shares vest on September 4, 2018; and 800 shares vest on September 4, 2019.
- [F2]Shares held in trust for which Mr. Hekemian is a beneficiary. Mr. Hekemian disclaims beneficial ownership of these shares except to the extent of his pecuniary interest.
- [F3]Shares held by certain trusts for the benefit of Mr. Hekemian's nephews, and of which Mr. Hekemian is trustee. Mr. Hekemian disclaims beneficial ownership of these shares.
- [F4]Shares held by Mr. Hekemian's wife. Mr. Hekemian disclaims beneficial ownership of these shares.
- [F5]Shares held by certain partnerships in which Mr. Hekemian is a partner. Mr. Hekemian disclaims beneficial ownership of these shares except to the extent of his pecuniary interest.
- [F6]Shares held in trust by Mr. Hekemian for the benefit of his children. Mr. Hekemian disclaims beneficial ownership of these shares.
- [F7]This option was granted to Mr. Hekemian in his capacity as a Trustee of FREIT.
- [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: 3,800 shares vest on September 4, 2015; 3,800 shares vest on September 4, 2016; 3,800 shares vest on September 4, 2017; 3,800 shares vest on September 4, 2018; and 3,800 shares vest on September 4, 2019.
Documents
Issuer
FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY
CIK 0000036840
Entity typeother
Related Parties
1- filerCIK 0001387241
Filing Metadata
- Form type
- 4
- Filed
- Oct 26, 8:00 PM ET
- Accepted
- Oct 27, 4:39 PM ET
- Size
- 17.5 KB