4//SEC Filing
KREIDER LAWRENCE E 4
Accession 0001437749-18-005061
CIK 0001649096other
Filed
Mar 19, 8:00 PM ET
Accepted
Mar 20, 4:22 PM ET
Size
5.5 KB
Accession
0001437749-18-005061
Insider Transaction Report
Form 4
KREIDER LAWRENCE E
Chief Financial Officer
Transactions
- Award
Long Term Incentive Plan Units
2018-03-16+16,667→ 16,667 totalFrom: 2019-01-01→ Common Stock (16,667 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, 2019, 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 typeother
Related Parties
1- filerCIK 0001278088
Filing Metadata
- Form type
- 4
- Filed
- Mar 19, 8:00 PM ET
- Accepted
- Mar 20, 4:22 PM ET
- Size
- 5.5 KB