SEC Form 4 · accession 0001174947-16-003390
FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY · FREVS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John A Aiello
Officer — Trustee · Other
Period of report
Nov 10, 2016
Accepted (ET)
Nov 14, 2016 · 9:19 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000036840
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Shares of Beneficial InterestF1 | holding | — | — | — | 5,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option to PurchaseF2,F1 | $21.00 | Nov 10, 2016 | A | 19,000 | A | — | Nov 9, 2026 | 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.
- F2The shares underlying the option vest as follows: 3,800 shares vest on September 4, 2017; 3,800 shares vest on September 4, 2018; 3,800 shares vest on September 4, 2019; 3,800 shares vest on September 4, 2020; and 3,800 shares vest on September 4, 2021.