SEC Form 4 · accession 0001214659-19-000246

BRT Apartments Corp. · BRT

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

Reporting owner

Officer — Senior Vice President

Period of report

Jan 8, 2019

Accepted (ET)

Jan 10, 2019 · 7:05 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
Common Stock	Jan 8, 2019	A	7,000	$0.00	A	181,462	D
Common Stock^F1	holding	—	—		—	41,194	I	By Gould Investors L.P. pension trust
Common Stock^F2	holding	—	—		—	250,566	I	By REIT Mgt. Corp. pension and profit sharing trusts
Common Stock^F3	holding	—	—		—	20,874	I	By BRT Realty Trust Pension Trust
Common Stock	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^F4,F5	—	holding	—	—	—	—	—	Common Stock	33,500	33,500	D

F1Reporting person is a trustee of Gould Investors L.P. Pension Trust.
F2Reporting person is a trustee of REIT Management Corp. Pension Plan and Profit Sharing Trust, which combined own the number of shares shown.
F3Reporting person is a trustee of BRT Realty Trust Pension Trust, which owns these shares.
F4Each 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.
F5The restricted stock units vest on March 31, 2021, subject to satisfaction of applicable continued service and performance conditions.