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