Form 4 for CLPR Clipper Realty Inc.
Accepted 2024-05-06 00:00:00 ET · period of report 2024-04-09 · accession 0001437749-24-014816 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2024-05-06 | 2024-04-09 | CLPR | Verrone Roberto Angelo | Dir | M - OptEx | $0.00 | +14.1K | 14.1K | New | $0 |
| D | 2024-05-06 | 2024-04-09 | CLPR | Verrone Roberto Angelo | Dir | M - OptEx | $0.00 | +14.1K | 19.4K | +265% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2024-04-09 | M | A | 14,062 | $0.00 | 14,062 | D | — | — | |
| 2 | Derivative | Operating Partnership Units(1) | 2024-04-09 | M | A | 14,062 | $0.00 | 19,362 | D | — · — to — | 14,062 Common Stock | (F1) Represents limited partnership units ("OP Units") of Clipper Realty L.P. (the "Operating Partnership"), a direct subsidiary of Clipper Realty, Inc. (the "Company"), received by the reporting person in exchange for an equivalent number of vested long term incentive plan units ("LTIP Units"), a class of 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 Company has elected to redeem each OP Unit for one share of its common stock. The rights to convert LTIP Units into OP Units and redeem OP Units do not have expiration dates. |