4//SEC Filing
Schanzer Bruce J 4
Accession 0001209191-18-038391
CIK 0000761648other
Filed
Jun 17, 8:00 PM ET
Accepted
Jun 18, 5:56 PM ET
Size
11.2 KB
Accession
0001209191-18-038391
Insider Transaction Report
Form 4
Schanzer Bruce J
DirectorPresident and CEO
Transactions
- Disposition to Issuer
Common Stock
2018-06-15−1,250,000→ 1,383,593 total - Award
Restricted Stock Units
2018-06-15+1,500,000→ 1,500,000 total→ Common Stock (1,500,000 underlying) - Award
Common Stock
2018-06-15+750,000→ 2,133,593 total
Holdings
- 37,664(indirect: See Footnote)
Common Stock
Footnotes (5)
- [F1]Represents the forfeiture of performance-based restricted stock awards previously granted to the Reporting Person on each of June 15, 2011 (125,000 shares), January 3, 2012 (125,000 shares) and June 15, 2012 (1,000,000 shares).
- [F2]Represents shares of restricted stock granted to the Reporting Person under the Issuer's 2017 Stock Incentive Plan in connection with the entering into of the Amended and Restated Employment Agreement between the Issuer and the Reporting Person effective as of June 15, 2018 (the "Amended and Restated Employment Agreement"). Such shares of restricted stock will vest on the 5th anniversary of the grant date, provided that the Reporting Person remains continuously employed for the entire vesting period through such 5th anniversary.
- [F3]These shares are owned by the reporting person as custodian for his four children under the Uniform Gifts to Minors Act. The reporting person disclaims beneficial ownership of these shares.
- [F4]Each restricted stock unit represents a contingent right to receive one share of CDR common stock.
- [F5]Represents shares of performance-based restricted stock units granted to the Reporting Person under the Issuer's 2017 Stock Incentive Plan in connection with the entering into of the Amended and Restated Employment Agreement. The restricted stock units will vest, if at all, based on the Issuer's average total shareholder return over a 5 year performance period, with the ability to earn up on 50% of the units after a 3-year period, as more fully described in the Amended and Restated Employment Agreement.
Documents
Issuer
CEDAR REALTY TRUST, INC.
CIK 0000761648
Entity typeother
Related Parties
1- filerCIK 0001522587
Filing Metadata
- Form type
- 4
- Filed
- Jun 17, 8:00 PM ET
- Accepted
- Jun 18, 5:56 PM ET
- Size
- 11.2 KB