Robert S. Hekemian Jr - Mar 9, 2023 Form 4 Insider Report for FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY (FREVS)

Role
Chief Executive Officer, Director
Signature
/s/ Robert S. Hekemian, Jr.
Stock symbol
FREVS
Transactions as of
Mar 9, 2023
Transactions value $
$0
Form type
4
Date filed
3/13/2023, 03:40 PM
Previous filing
Jan 31, 2023
Next filing
Mar 26, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FREVS Common Stock, par value $0.01 per share Award $0 +1.29K +0.6% $0.00 217K Mar 9, 2023 Direct F1, F2
holding FREVS Common Stock, par value $0.01 per share 25.5K Mar 9, 2023 By Trust F1, F3
holding FREVS Common Stock, par value $0.01 per share 11K Mar 9, 2023 By Trusts F1, F4
holding FREVS Common Stock, par value $0.01 per share 1K Mar 9, 2023 By Spouse F1, F5
holding FREVS Common Stock, par value $0.01 per share 102K Mar 9, 2023 By Partnerships F1, F6
holding FREVS Common Stock, par value $0.01 per share 9.24K Mar 9, 2023 By Trusts F1, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Prior to the reincorporation of First Real Estate Investment Trust of New Jersey, Inc. ("FREIT") from a New Jersey real estate investment trust to a Maryland corporation on July 1, 2021, FREIT's equity securities were beneficial interests in FREIT that were designated as "shares" without par value. In connection with the reincorporation of FREIT as a Maryland corporation, FREIT's shares of beneficial interest were converted to shares of common stock, par value $0.01 per share, on a 1-for-1 basis.
F2 Award of shares of Common Stock, par value $0.01 per share, under FREIT's Equity Incentive Plan of 1998. Such award was approved by FREIT's Board of Directors upon the recommendation of the Compensation Committee of the Board.
F3 Shares held in trust for which Mr. Hekemian is a beneficiary. Mr. Hekemian disclaims beneficial ownership of these shares except to the extent of his pecuniary interest.
F4 Shares held by certain trusts for the benefit of Mr. Hekemian's nephews, and of which Mr. Hekemian is trustee. Mr. Hekemian disclaims beneficial ownership of these shares.
F5 Shares held by Mr. Hekemian's wife. Mr. Hekemian disclaims beneficial ownership of these shares.
F6 Shares held by certain partnerships in which Mr. Hekemian is a partner. Mr. Hekemian disclaims beneficial ownership of these shares except to the extent of his pecuniary interest.
F7 Shares held in trust by Mr. Hekemian for the benefit of his children. Mr. Hekemian disclaims beneficial ownership of these shares.