Lee M. Elman - Jun 21, 2019 Form 4 Insider Report for New York City REIT, Inc. (NYC)

Role
Director
Signature
/s/ Lee M. Elman
Stock symbol
NYC
Transactions as of
Jun 21, 2019
Transactions value $
-$21,983
Form type
4
Date filed
5/21/2021, 05:01 PM
Next filing
Jan 24, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NYC Class A Common Stock Sale -$22K -1.62K -22.95% $13.61* 5.42K Jun 21, 2019 Direct F1, F2
transaction NYC Class A Common Stock Award $0 +7.18K +253.42% $0.00 10K May 14, 2021 Direct F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On August 5, 2020, in connection with the transactions described in footnote 4 below, New York City REIT, Inc. (the "Registrant") changed the name of its common stock to "Class A common stock."
F2 The reporting person inadvertently failed to timely report the transaction.
F3 Restricted shares of Class A common stock of the Registrant issued pursuant to the 2020 Omnibus Incentive Compensation Plan of the Registrant that vest over a five-year period beginning on May 11, 2021 in increments of 20% per annum.
F4 The number of securities previously reported has been adjusted to reflect the 9.72-to-1 reverse stock split by the Registrant of its Class A common stock followed by a stock dividend of three shares of Class B common stock for every share of Class A common stock outstanding completed on August 5, 2020. The first two equal tranches of shares of Class B common stock converted into shares of Class A common stock and were listed on the New York Stock Exchange on December 16, 2020 and March 1, 2021, respectively, and the third and final equal tranche will automatically convert into shares of Class A common stock to be listed on the New York Stock Exchange no later than August 13, 2021. The number of securities reported also reflects the reporting person's receipt of cash in lieu of a fractional shares in connection with the reverse stock split and conversions described in this footnote.
F5 This amount includes approximately 9,306 shares of Class A common stock and 710 shares of Class B common stock.