X0306 4 2018-05-03 0 0000036840 FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY FREVS 0001737296 Aslanian Richard 4 WEST RED OAK LANE SUITE 303 WHITE PLAINS NY 10604 0 0 0 1 Trustee Shares of Beneficial Interest 10000 D Option to Purchase 15.50 2018-05-03 4 A 0 19000 0 A 2028-05-02 Shares of Beneficial Interest 19000 19000 D First Real Estate Investment Trust of New Jersey is a real estate investment trust. Beneficial interests in the Trust are designated as "shares" without par value. The shares underlying the option vest as follows: 3,800 shares vest on May 3, 2019; 3,800 shares vest on May 3, 2020; 3,800 shares vest on May 3, 2021; 3,800 shares vest on May 3, 2022; and 3,800 shares vest on May 3, 2023. /s/ Richard J. Aslanian 2018-05-17