Aslanian Richard 4
4 · FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY · Filed Oct 21, 2024
Insider Transaction Report
Form 4
Aslanian Richard
Director
Transactions
- Exercise/Conversion
Common Stock, par value $0.01 per share
2024-10-18$8.00/sh+3,800$30,400→ 53,000 total - Exercise/Conversion
Option to Purchase
2024-10-18−3,800→ 0 totalExercise: $8.00Exp: 2028-05-02→ Common Stock, par value $0.01 per share (3,800 underlying)
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 $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.
- [F3]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.