Robert Jay Ivanhoe - 24 Mar 2023 Form 4 Insider Report for Clipper Realty Inc. (CLPR)

Reporting relationship: Director
Issuer ticker: CLPR
Reported as of: 24 Mar 2023
Net transaction value: $0
SEC form: 4
Accepted by SEC: 28 Mar 2023, 16:31:53 UTC
Prior SEC filing: 30 Mar 2022
Next SEC filing: 05 Apr 2024
Source filing: View source filing
Reporting owner signature: /s/ Robert Ivanhoe

Key filing fact

Robert Jay Ivanhoe filed Form 4 for Clipper Realty Inc. (CLPR) on 28 Mar 2023.

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.
Accepted by SEC: 28 Mar 2023, 16:31.

Change

Previous filing in this sequence was filed on 30 Mar 2022.
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.

View source filing

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

CLPR transaction Derivative

Long Term Incentive Plan Units

Award

Transaction value: $0
Shares: +4,500
Change %: +39%
Price: $0.000000
Shares after: 15,979
Date: 24 Mar 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 4,500
Exercise price
Footnotes: F1, F2

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 2 footnotes

Footnote 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.

Footnote F2

The LTIP Units will vest 25% on each of April 30, 2023, June 30, 2023, September 30, 2023 and December 31, 2023. The rights to convert LTIP Units into OP Units and redeem OP Units do not have expiration dates.