SEC Form 4 · accession 0001144204-18-030997

FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY · FREVS

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

Reporting owner

David Hekemian

Other

Period of report

May 3, 2018

Accepted (ET)

May 25, 2018 · 12:14 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0000036840

Table I — non-derivative securities

Security	Date	Code	Shares	A/D	Owned after	D/I	Nature of ownership
Shares of Beneficial Interest^F1	holding	—	—	—	145,292	D
Shares of Beneficial Interest^F1,F2	holding	—	—	—	102,216	I	see note
Shares of Beneficial Interest^F1,F3	holding	—	—	—	22,506	I	see note
Shares of Beneficial Interest^F1,F4	holding	—	—	—	25,470	I	see note
Shares of Beneficial Interest^F1,F5	holding	—	—	—	88,940	I	see note
Shares of Beneficial Interest^F1,F6	holding	—	—	—	6,000	I	see note
Shares of Beneficial Interest^F1,F7	holding	—	—	—	1,916	I	see note

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Option to Purchase^F8,F1	$15.50	May 3, 2018	A	19,000	A	—	May 2, 2028	Shares of Beneficial Interest	19,000	19,000	D

Explanation of responses

F1First Real Estate Investment Trust of New Jersey is a real estate investment trust. Beneficial interests in the Trust are designated as "shares" without par value.
F2Shares held by certain partnerships and limited liability companies in which Mr. Hekemian is a partner or member. Mr. Hekemian disclaims beneficial ownership of the shares held by such partnerships and limited liability companies except to the extent of his pecuniary interest therein.
F3Shares held in by a certain trust for the benefit of Mr. Hekemian's nephews, of which Mr. Hekemian is the trustee. Mr. Hekemian disclaims beneficial ownership of the shares held by such trust.
F4Shares held in a certain trust, of which Mr. Hekemian is a beneficiary. Mr. Hekemian disclaims beneficial ownership of the shares held by such trust except to the extent of his pecuniary interest therein.
F5Shares held by the Robert and Mary Jane Hekemian Foundation, Inc., of which Mr. Hekemian is the Vice President/Treasurer. Mr. Hekemian disclaims beneficial ownership of the shares held by the Robert and Mary Jane Hekemian Foundation, Inc.
F6Shares held in a certain trust for the benefit of Mr. Hekemian's children, of which Mr. Hekemian is the trustee. Mr. Hekemian disclaims beneficial ownership of the shares held by such trust.
F7Shares held by Mr. Hekemian's wife. Mr. Hekemian disclaims beneficial ownership of the shares held by his wife.
F8The shares underlying the option vest as follows: 3,800 shares vest on May 3, 2019; 3,800 shares vest on May 3, 2020; 3,800 shares vest on May 3, 2021; 3,800 shares vest on May 3, 2022; and 3,800 shares vest on May 3, 2023.