SEC Form 4 · accession 0001179110-17-005826
NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP · NEN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Harold Brown
Officer — Treasurer · 10% Owner
Period of report
Mar 31, 2017
Accepted (ET)
Apr 6, 2017 · 3:52 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000746514
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| NEN Class B Units of Limited Partnership InterestF3 | Mar 31, 2017 | J | 3 | $1,860.00 | D | 17,725 | I | By HBC Holdings, LLC |
| NEN Units of General Partner InterestF2,F3 | Mar 31, 2017 | J | 0 | $1,860.00 | D | 933 | I | By Close-Held Corporation |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Pursuant to the Partnership's equity repurchase program, as renewed and reauthorized by the Board of Directors of the General Partner on March 10, 2015 and as further described in the Partnership's Report on Form 10-K filed with the Securities and Exchange Commission on March 13, 2015, the Partnership repurchased 3.3 Class B Units of Limited Partnership Interest indirectly beneficially owned by the reporting person and 0.2 Units of General Partner Interest from the general partner of the Partnership that are indirectly beneficially owned by the reporting person.
- F2Amounts reported represent 75% of the securities owned by the close-held corporation (which corporation is the general partner of the Partnership) based upon the reporting person's 75% equity interest in the corporation.
- F3The purchase price of the Units of General Partner Interest was equal to the $62.00 purchase price of the Depositary Receipts (each of which represents one-thirtieth of a Class A Unit of the Partnership) contemporaneously repurchased by the Partnership pursuant to its equity repurchase program.