4//SEC Filing
Bistricer Jacob 4
Accession 0001437749-22-017903
CIK 0001649096other
Filed
Jul 26, 8:00 PM ET
Accepted
Jul 27, 5:03 PM ET
Size
7.6 KB
Accession
0001437749-22-017903
Insider Transaction Report
Form 4
Bistricer Jacob
Chief Operating Officer
Transactions
- Award
Long Term Incentive Plan Units
2022-04-27+350,000→ 658,129 total→ Common Stock (350,000 underlying) - Award
Long Term Incentive Plan Units
2022-06-15+150,000→ 808,129 total→ Common Stock (150,000 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 in full on January 1, 2033. 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 0001697378
Filing Metadata
- Form type
- 4
- Filed
- Jul 26, 8:00 PM ET
- Accepted
- Jul 27, 5:03 PM ET
- Size
- 7.6 KB