SEC Form 4 · accession 0001214659-18-002314

BRT Apartments Corp. · BRT

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

A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).

Reporting owner

Fredric H Gould

Director

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	Mar 21, 2018	A	10,468	$0.00	A	290,589	D
Shares of Beneficial Interest^F2	holding	—	—		—	25,260	I	By 130 Store Company
Shares of Beneficial Interest^F3	holding	—	—		—	20,874	I	By BRT Realty Trust 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	—	—		—	30,981	I	By spouse
Shares of Beneficial Interest^F6	holding	—	—		—	23,469	I	By Gould Shenfeld Family Foundation
Shares of Beneficial Interest^F7	holding	—	—		—	33,259	I	By Gould Family Trust
Shares of Beneficial Interest^F8	holding	—	—		—	2,468	I	As custodian
Shares of Beneficial Interest^F9	holding	—	—		—	2,989,898	I	By Gould Investors L.P.

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Restricted Stock Units^F10,F11	—	holding	—	—	—	—	—	Common Stock	37,000	37,000	D

Explanation of responses

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).
F10Each 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..
F11The restricted stock units vest on March 31, 2021, subject to satisfaction of applicable continued service and performance conditions.
F2Reporting person is a partner in 130 Store Company, which owns these shares.
F3Reporting person is a trustee of BRT Realty Trust Pension Trust, which owns these shares.
F4Reporting person is a trustee of REIT Management Corp. Pension Plan and Profit Sharing Trust, which own, in the aggregate, the number of shares shown.
F5Reporting person disclaims any beneficial interest in shares. Reporting person's spouse is a director of the Gould Shenfeld Family Foundation which owns 23,469 shares of the issuer.
F6Reporting person is a director of the Gould Shenfeld Family Foundation.
F7Reporting person is grantor of the Gould Family Trust, which owns these shares.
F8Reporting person is custodian of these shares for a minor. Reporting person disclaims any benefiical interest in these shares.
F9Reporting person is the sole shareholder of the corporate managing general partner of Gould Investors L.P. and the sole member of a limited liability company which is the other general partner of Gould Investors L.P. Reporting person also holds limited partnership interests in Gould Investors L.P. both directly and indirectly. These shares represent all shares of the issuer owned by Gould Investors L.P.