Jack Heilbron - Jan 3, 2022 Form 4 Insider Report for Presidio Property Trust, Inc. (SQFT)

Role
CEO and President, Director
Signature
/s/ Waleska Neris, attorney-in-fact
Stock symbol
SQFT
Transactions as of
Jan 3, 2022
Transactions value $
$409,403
Form type
4
Date filed
1/7/2022, 12:25 PM
Previous filing
Dec 22, 2021
Next filing
Feb 11, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SQFT Common Stock - Series A Award $387K +102K +51.05% $3.81 300K Jan 3, 2022 Direct F1, F2
transaction SQFT Common Stock - Series A Award $100K +26.3K +8.75% $3.81 327K Jan 3, 2022 Direct F2, F3
transaction SQFT Common Stock - Series A Tax liability -$36.8K -9.6K -2.94% $3.83 317K Jan 4, 2022 Direct F4, F5
transaction SQFT Common Stock - Series A Tax liability -$40.7K -10.8K -3.41% $3.76 306K Jan 6, 2022 Direct F4, F5, F6
holding SQFT Common Stock - Series A 10K Jan 3, 2022 Held by spouse in individual account
holding SQFT Common Stock - Series A 238 Jan 3, 2022 Held by Centurion Counsel, Inc. F7
holding SQFT Common Stock - Series A 5.56K Jan 3, 2022 Held by Puppy Toes, Inc. F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted shares granted pursuant to the Company's 2017 Incentive Award Plan. These shares vest evenly over a three (3) year period at the end of each calendar year.
F2 Reflects trailing 20 day average closing price for grants issued.
F3 Restricted shares granted pursuant to the Company's 2017 Incentive Award Plan. These shares vest on the date of grant.
F4 Reporting Person elected to have the Company withhold shares otherwise issuable to cover tax liabilities in connection with shares that vested on 12/31/2021 and 01/03/2022.
F5 Reflects weighted average of sales price per share to cover tax liabilities for shares scheduled that vested on 12/31/2021 and 01/03/2022
F6 The balance includes: (i) 600 shares (less than 0.5% of holdings reported) held by or FBO the Reporting Person's grandchildren, and (ii) shares held in Reporting Person's IRA.
F7 Reporting Person is the controlling shareholder of Centurion Counsel, Inc.
F8 Reporting Person is the controlling shareholder of Puppy Toes, Inc.