SEC Form 4 · accession 0001214659-17-000175

BRT Apartments Corp. · BRT

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — VICE PRESIDENT

Period of report

Jan 4, 2017

Accepted (ET)

Jan 6, 2017 · 9:09 am EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0000014846

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Shares of Beneficial Interest^F1	Jan 4, 2017	A	13,110	$0.00	A	169,659	D
Shares of Beneficial Interest^F2	holding	—	—		—	1,221	I	By spouse as custodian for reporting person's minor children

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Restricted Stock Units^F3,F4	—	holding	—	—	—	—	—	Common Stock	37,000	37,000	D

F1These shares were issued as restricted stock effective January 4, 2017 under the issuer's 2016 Amended and Restated Incentive Plan. The shares vest January 3, 2022. The award is exempt from Section 16(b) under Rule 16b-3(d)(1).
F2Reporting person disclaims any beneficial interest in these shares.
F3Each Restricted Stock Unit represents a contingent right to receive 1 share of BRT Realty Trust common stock. Approximately 55% and 45% of the units vest based on satisfaction of performance metrics related to total shareholder return (including relative shareholder return) and adjusted funds from operations, respectively. Each such unit is granted in tandem with a cash settled dividend equivalent right entitling the holder, to the extent such unit vests, to the cash dividends paid on the shares underlying such units from the grant date through March 31, 2021.
F4The restricted stock units vest on March 31, 2021, subject to satisfaction of applicable continued service and performance conditions.