4//SEC Filing
Clipper Realty Inc. 4
Accession 0001437749-17-006963
$CLPRCIK 0001649096operating
Filed
Apr 20, 8:00 PM ET
Accepted
Apr 21, 4:08 PM ET
Size
5.5 KB
Accession
0001437749-17-006963
Insider Transaction Report
Form 4
Bistricer Jacob
Chief Operating Officer
Transactions
- Award
Long Term Incentive Plan Units
2017-04-19+100,000→ 100,000 totalFrom: 2023-01-01→ Common Stock (100,000 underlying)
Footnotes (1)
- [F1]Represents long term incentive plan units ("LTIP Units"), a class of units of Clipper Realty L.P. (the "Operating Partnership"), a direct subsidiary of Clipper Realty, Inc. (the "Company"). The LTIP Units are convertible by the reporting person, upon the vesting date of January 1, 2023, into an equivalent number of units of limited partnership units ("OP Units") of the Operating Partnership. Each OP Unit is redeemable at the request of the holder for cash in an amount equal to the price of a share of common stock of the Company or, at the election of the Company, one share of its common stock. The rights to convert LTIP Units into OP Units and redeem OP Units do not have expiration dates.
Documents
Issuer
Clipper Realty Inc.
CIK 0001649096
Entity typeoperating
IncorporatedMD
Related Parties
1- filerCIK 0001649096
Filing Metadata
- Form type
- 4
- Filed
- Apr 20, 8:00 PM ET
- Accepted
- Apr 21, 4:08 PM ET
- Size
- 5.5 KB