David H. Lesser - 15 Jul 2022 Form 4 Insider Report for Power REIT (PW)

Role
CEO, Secretary, Treasurer, Director
Signature
/s/ David H. Lesser
Issuer symbol
PW
Transactions as of
15 Jul 2022
Net transactions value
$0
Form type
4
Filing time
19 Jul 2022, 14:45:40 UTC
Previous filing
21 Jun 2022
Next filing
21 Dec 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PW Common Stock Award $0 +20,000 +4.3% $0.000000 490,557 15 Jul 2022 Direct F1
holding PW Common Stock 68,679 15 Jul 2022 13310 LMR2A, LLC F2
holding PW Common Stock 15,458 15 Jul 2022 PW RO Holdings LLC F3
holding PW Common Stock 18,656 15 Jul 2022 PW RO Holdings 2 LLC F4
holding PW Common Stock 14,410 15 Jul 2022 PW RO Holdings 3 LLC F5

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

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PW Stock Option (right to purchase) Award $0 +150,000 $0.000000 150,000 15 Jul 2022 Common Stock 150,000 $13.44 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On July 15, 2022, Mr. Lesser was granted an option to purchase 20,000 shares of restricted common stock as compensation pursuant to the Power REIT 2020 Equity Incentive Plan which vests monthly over 36 months.
F2 Hudson Bay Partners, LP which is owned 100% by David H. Lesser acts as the Co-Managing Member of 13310 LMR2A, LLC. but disclaims beneficial ownership of such shares except to the extent of any pecuniary interest therein.
F3 Hudson Bay Partners, LP which is owned 100% by David H. Lesser acts as the Managing Member of PW RO Holdings LLC and owns a 50% interest.
F4 Hudson Bay Partners, LP which is owned 100% by David H. Lesser acts as the Managing Member of PW RO 2 Holdings LLC and owns a 50% interest.
F5 Hudson Bay Partners, LP which is owned 100% by David H. Lesser acts as the Managing Member of PW RO 3 Holdings LLC and owns a 50% interest.
F6 On July 15, 2022 Mr. Lesser was granted an option to purchase 150,000 shares of common stock as compensation pursuant to Power REIT 2020 Equity Incentive Plan which vests monthly pro rata over 36 months starting on August 1, 2022.