SEC Form 4/A · accession 0001214659-17-000264
BRT Apartments Corp. · BRT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Jeffrey Gould
Officer — PRESIDENT AND CEO · Director
Period of report
Jan 4, 2017
Accepted (ET)
Jan 11, 2017 · 2:48 pm 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 interestF1,F2 | Jan 4, 2017 | A | 13,110 | $0.00 | A | 355,872 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF3,F4 | — | holding | — | — | — | — | — | Common Stock | 37,000 | 37,000 | D |
Explanation of responses
- F1These shares were issued as restricted stock effective January 4, 2017 under the issuer's 2012 Incentive Plan. The shares vest January 3, 2022. The award is exempt from Section 16(b) under Rule 16b-3(d)(1).
- F2This amendment is filed to correct a typographical error in Column 5 of reporting person's Form 4 filed January 6, 2017.
- 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.