4//SEC Filing
Frenz Michael Charles 4
Accession 0001437749-20-007702
CIK 0001649096other
Filed
Apr 13, 8:00 PM ET
Accepted
Apr 14, 5:03 PM ET
Size
7.9 KB
Accession
0001437749-20-007702
Insider Transaction Report
Form 4
Frenz Michael Charles
Chief Financial Officer
Transactions
- Award
Long Term Incentive Plan Units
2020-04-14+31,579→ 31,579 total→ Common Stock (31,579 underlying) - Award
Long Term Incentive Plan Units
2020-04-14+10,724→ 10,724 total→ Common Stock (10,724 underlying)
Footnotes (3)
- [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.
- [F2]The LTIP Units will vest in full on January 1, 2021. The rights to convert LTIP Units into OP Units and redeem OP Units do not have expiration dates.
- [F3]The LTIP Units will vest in full on January 1, 2023. 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 0001781511
Filing Metadata
- Form type
- 4
- Filed
- Apr 13, 8:00 PM ET
- Accepted
- Apr 14, 5:03 PM ET
- Size
- 7.9 KB