Robert Jay Ivanhoe - 28 Mar 2022 Form 4 Insider Report for Clipper Realty Inc. (CLPR)

Role: Director
Signature: /s/ Robert Ivanhoe
Issuer symbol: CLPR
Transactions as of: 28 Mar 2022
Net transaction value: $0
Form type: 4
Filing time: 30 Mar 2022, 12:20:44 UTC
Next filing: 28 Mar 2023
SEC filing: View on sec.gov

Key filing fact

Robert Jay Ivanhoe filed Form 4 for Clipper Realty Inc. (CLPR) on 30 Mar 2022.

Key facts

This page summarizes Robert Jay Ivanhoe's Form 4 filing for Clipper Realty Inc. (CLPR).
1 reported transaction and 1 derivative row are listed below.
Filing timestamp: 30 Mar 2022, 12:20.

Change

No earlier filing in this sequence is available for direct comparison.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

See Original Filing

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

CLPR transaction Derivative

Long Term Incentive Plan Units

Award

Transaction value: $0
Shares: +3,000
Change %
Price: $0.000000
Shares after: 3,000
Date: 28 Mar 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 3,000
Exercise price
Footnotes: F1

^* indicates a reported price that failed the local validity check.

Explanation of Responses:

Id	Content
F1	Represents long term incentive plan units ("LTIP Units"), a class of units of Clipper Realty L.P. (the "Operating Partnership"), a direct subsidiary of Clipper Realty Inc. (the "Company"). The LTIP Units are convertible by the reporting person, upon the vesting date, into an equivalent number of units of limited partnership units ("OP Units") of the Operating Partnership. Each OP Unit is redeemable at the request of the holder for cash in an amount equal to the price of a share of common stock of the Company or, at the election of the Company, one share of its common stock. The LTIP Units will vest 25% on each of March 31, 2022, June 30, 2022, September 30, 2022 and December 31, 2022. The rights to convert LTIP Units into OP Units and redeem OP Units do not have expiration dates.

Content

Represents long term incentive plan units ("LTIP Units"), a class of units of Clipper Realty L.P. (the "Operating Partnership"), a direct subsidiary of Clipper Realty Inc. (the "Company"). The LTIP Units are convertible by the reporting person, upon the vesting date, into an equivalent number of units of limited partnership units ("OP Units") of the Operating Partnership. Each OP Unit is redeemable at the request of the holder for cash in an amount equal to the price of a share of common stock of the Company or, at the election of the Company, one share of its common stock. The LTIP Units will vest 25% on each of March 31, 2022, June 30, 2022, September 30, 2022 and December 31, 2022. The rights to convert LTIP Units into OP Units and redeem OP Units do not have expiration dates.