0001437749-20-007705.txt : 20200414 0001437749-20-007705.hdr.sgml : 20200414 20200414170455 ACCESSION NUMBER: 0001437749-20-007705 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: LORBER HOWARD M CENTRAL INDEX KEY: 0001053471 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-38010 FILM NUMBER: 20791858 MAIL ADDRESS: STREET 1: 4400 BISCAYNE BLVD STREET 2: 10TH FLOOR CITY: MIAMI STATE: FL ZIP: 33137 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 0001053471 LORBER HOWARD M 4611 TWELFTH AVENUE BROOKLYN NY 11219 1 Long Term Incentive Plan Units 2020-04-14 4 A 0 2812 0 A Common Stock 2812 2812 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 April 30, 2020, June 30, 2020, September 30, 2020 and December 31, 2020. The rights to convert LTIP Units into OP Units and redeem OP Units do not have expiration dates. /s/ Howard M. Lorber 2020-04-14