SEC Form 4 · accession 0001214659-18-002312

BRT Apartments Corp. · BRT

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

Reporting owner

Officer — Senior Vice President

Period of report

Mar 21, 2018

Accepted (ET)

Mar 23, 2018 · 3:20 pm EDT

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,F2	Mar 21, 2018	A	7,163	$0.00	A	174,462	D
Shares of Beneficial Interest^F3	holding	—	—		—	41,194	I	By Gould Investors L.P. pension trust
Shares of Beneficial Interest^F4	holding	—	—		—	250,566	I	By REIT Mgt. Corp. pension and profit sharing trusts
Shares of Beneficial Interest^F5	holding	—	—		—	20,874	I	By BRT Realty Trust Pension Trust
Shares of Beneficial Interest^F6	holding	—	—		—	4,870	I	By spouse

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Restricted Stock Units^F7,F8	—	holding	—	—	—	—	—	Common Stock	33,500	33,500	D

F1These shares were issued as restricted stock effective March 21, 2018 under the issuer's 2016 Amended and Restated Incentive Plan. The shares vest March 20, 2023. The award is exempt from Section 16(b) under Rule 16b-3(d)(1).
F2Includes shares owned jointly with spouse. Includes shares in an IRA.
F3Reporting person is a trustee of Gould Investors L.P. Pension Trust.
F4Reporting person is a trustee of REIT Management Corp. Pension Plan and Profit Sharing Trust, which combined own the number of shares shown.
F5Reporting person is a trustee of BRT Realty Trust Pension Trust, which owns these shares.
F6Includes shares in an IRA.
F7Each 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.
F8The restricted stock units vest on March 31, 2021, subject to satisfaction of applicable continued service and performance conditions.