4//SEC Filing
AIELLO JOHN A 4
Accession 0001174947-22-001119
CIK 0000036840other
Filed
Oct 27, 8:00 PM ET
Accepted
Oct 28, 2:49 PM ET
Size
8.0 KB
Accession
0001174947-22-001119
Insider Transaction Report
Form 4
AIELLO JOHN A
DirectorSecretary
Transactions
- Exercise/Conversion
Option to Purchase
2022-10-27+19,000→ 0 totalExercise: $13.50Exp: 2026-11-09→ Common Stock, par value $0.01 per share (19,000 underlying) - Exercise/Conversion
Common Stock, par value $0.01 per share
2022-10-27$13.50/sh+19,000$256,500→ 24,000 total
Footnotes (3)
- [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]The original exercise price for the shares underlying this option was $21 per share. The exercise price was adjusted to $13.50 per share pursuant to the terms of FREIT's Equity Incentive Plan under which such option was granted.
- [F3]The shares underlying the option vest as follows: 3,800 shares vest on September 4, 2017; 3,800 shares vest on September 4, 2018; 3,800 shares vest on September 4, 2019; 3,800 shares vest on September 4, 2020; and 3,800 shares vest on September 4, 2021.
Documents
Issuer
FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY
CIK 0000036840
Entity typeother
Related Parties
1- filerCIK 0001214830
Filing Metadata
- Form type
- 4
- Filed
- Oct 27, 8:00 PM ET
- Accepted
- Oct 28, 2:49 PM ET
- Size
- 8.0 KB