SEC Form 4 · accession 0001493152-18-013998
Power REIT · PW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David H Lesser
Officer — CEO, Secretary, Treasurer · Director · 10% Owner
Period of report
Sep 30, 2018
Accepted (ET)
Oct 2, 2018 · 4:13 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001532619
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Sep 30, 2018 | P$0 | 40,000 | $0.00 | A | 458,522 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On September 30, 2018, Mr. Lesser was granted 40,000 shares as compensation which vests quarterly over three years with the first vesting to occur on 9//30/18.
- F2After giving effect to the reported transaction(s), Mr. Lesser has beneficial ownership of 458,522 shares: 368,284 directly (including restricted stock and option equity grants (vested and unvested) under the Trust's 2012 Equity Incentive Plan), 90,238 through Hudson Bay Partners LP. A non qualified stock option to acquire 100,000 common shares ("Option") was awarded on August 13, 2012, pursuant to the Trust's 2012 Equity Incentive Plan. The Option vested in three equal annual installments beginning with the first anniversary of the respective grants. The Options have a 10-year term and a strike price equal to the closing price of the stock on August 13, 2012.