4//SEC Filing
Burger Richard N 4
Accession 0001437749-19-006510
CIK 0001649096other
Filed
Apr 2, 8:00 PM ET
Accepted
Apr 3, 7:36 PM ET
Size
5.6 KB
Accession
0001437749-19-006510
Insider Transaction Report
Form 4
Burger Richard N
Director
Transactions
- Award
Long Term Incentive Plan Units
2019-04-03+1,000→ 1,000 total→ Common Stock (1,000 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, 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 LTIP Units will vest 25% on each of March 31, 2019, June 30, 2019, September 30, 2019 and December 31, 2019. 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 0001391524
Filing Metadata
- Form type
- 4
- Filed
- Apr 2, 8:00 PM ET
- Accepted
- Apr 3, 7:36 PM ET
- Size
- 5.6 KB