4//SEC Filing
SCHWIMMER JACOB 4
Accession 0001437749-24-037605
CIK 0001649096other
Filed
Dec 15, 7:00 PM ET
Accepted
Dec 16, 4:27 PM ET
Size
5.7 KB
Accession
0001437749-24-037605
Insider Transaction Report
Form 4
SCHWIMMER JACOB
Chief Property Mgmt Officer
Transactions
- Award
Long Term Incentive Plan Units
2024-12-12+451,233→ 1,041,233 total→ Common Stock (451,233 underlying)
Footnotes (2)
- [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 ratably over a 10 year period ended December 12, 2034. 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 0001697489
Filing Metadata
- Form type
- 4
- Filed
- Dec 15, 7:00 PM ET
- Accepted
- Dec 16, 4:27 PM ET
- Size
- 5.7 KB