KREIDER LAWRENCE E 4
4 · Clipper Realty Inc. · Filed Jul 27, 2022
Insider Transaction Report
Form 4
KREIDER LAWRENCE E
Chief Financial Officer
Transactions
- Award
Long Term Incentive Plan Units
2022-04-27+17,500→ 131,934 total→ Common Stock (17,500 underlying) - Award
Long Term Incentive Plan Units
2022-06-15+7,500→ 139,434 total→ Common Stock (7,500 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 in full on January 1, 2024. The rights to convert LTIP Units into OP Units and redeem OP Units do not have expiration dates.