0001437749-20-007703.txt : 20200414 0001437749-20-007703.hdr.sgml : 20200414 20200414170401 ACCESSION NUMBER: 0001437749-20-007703 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20200414 FILED AS OF DATE: 20200414 DATE AS OF CHANGE: 20200414 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: SCHWIMMER JACOB CENTRAL INDEX KEY: 0001697489 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-38010 FILM NUMBER: 20791853 MAIL ADDRESS: STREET 1: 1738 47TH STREET CITY: BROOKLYN STATE: NY ZIP: 11204 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Clipper Realty Inc. CENTRAL INDEX KEY: 0001649096 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] 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 X0306 4 2020-04-14 0001649096 Clipper Realty Inc. CLPR 0001697489 SCHWIMMER JACOB 4611 TWELFTH AVENUE BROOKLYN NY 11219 1 Chief PM Offcier Long Term Incentive Plan Units 2020-04-14 4 A 0 60000 0 A Common Stock 60000 60000 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 in full on January 1, 2023. The rights to convert LTIP Units into OP Units and redeem OP Units do not have expiration dates. /s/ Jacob Schwimmer 2020-04-14