0001437749-24-011259.txt : 20240405 0001437749-24-011259.hdr.sgml : 20240405 20240405174101 ACCESSION NUMBER: 0001437749-24-011259 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240312 FILED AS OF DATE: 20240405 DATE AS OF CHANGE: 20240405 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Levinson Sam CENTRAL INDEX KEY: 0001588901 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-38010 FILM NUMBER: 24827622 MAIL ADDRESS: STREET 1: 9190 PRIORITY WAY WEST DRIVE STREET 2: SUITE 300 CITY: INDIANAPOLIS STATE: IN ZIP: 46240 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Clipper Realty Inc. CENTRAL INDEX KEY: 0001649096 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] ORGANIZATION NAME: 05 Real Estate & Construction IRS NUMBER: 474579660 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 4611 12TH AVENUE, SUITE 1L CITY: BROOKLYN STATE: NY ZIP: 11219 BUSINESS PHONE: 718-438-2804 MAIL ADDRESS: STREET 1: 4611 12TH AVENUE, SUITE 1L CITY: BROOKLYN STATE: NY ZIP: 11219 4 1 rdgdoc.xml FORM 4 X0508 4 2024-03-12 0001649096 Clipper Realty Inc. CLPR 0001588901 Levinson Sam 4611 TWELFTH AVENUE BROOKLYN NY 11219 1 1 0 Long Term Incentive Plan Units 2024-03-12 4 A 0 40035 0 A Common Stock 40035 901614 D Long Term Incentive Plan Units 2024-03-12 4 A 0 109184 0 A Common Stock 109184 1010798 D 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, 2024, June 30, 2024, September 30, 2024 and December 31, 2024. The rights to convert LTIP Units into OP Units and redeem OP Units do not have expiration dates. The LTIP Units will vest in full on January 1, 2027. The rights to convert LTIP Units into OP Units and redeem OP Units do not have expiration dates. /s/ Sam Levinson 2024-04-05