Jameson P. Brown - Dec 30, 2022 Form 4 Insider Report for NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP (NEN)

Role
TREASURER, Director, 10%+ Owner
Signature
/s/ Jameson P. Brown
Stock symbol
NEN
Transactions as of
Dec 30, 2022
Transactions value $
-$23,662
Form type
4
Date filed
1/3/2023, 10:02 AM
Previous filing
Nov 9, 2022
Next filing
Apr 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NEN NEN Units of General Partner Interest Other -$1.15K -0.5 -0.06% $2,297.32* 895 Dec 30, 2022 By Close-Held Corporation F1, F2, F3
transaction NEN NEN Class B Units of Limited Partnership Interest Other -$22.5K -9.8 -0.06% $2,297.32* 17K Dec 30, 2022 By HBC Holdings, LLC F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to the Partnership's equity repurchase program, as renewed and reauthorized by the Board of Directors of the General Partner on March 9, 2020 and as further described in the Partnership's Report on Form 10-K filed with the Securities and Exchange Commission on March 12, 2020, the Partnership repurchased 9.8 Class B Units of Limited Partnership Interest directly beneficially owned by the reporting person and 0.5 Units of General Partner Interest from the general partner of the Partnership that are indirectly beneficially owned by the reporting person.
F2 Amounts 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.
F3 The purchase price of the Units of General Partner Interest was equal to the $76.58 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.