0001437749-20-011201.txt : 20200518 0001437749-20-011201.hdr.sgml : 20200518 20200518173017 ACCESSION NUMBER: 0001437749-20-011201 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20200514 FILED AS OF DATE: 20200518 DATE AS OF CHANGE: 20200518 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: BISTRICER DAVID CENTRAL INDEX KEY: 0001107706 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-38010 FILM NUMBER: 20890893 MAIL ADDRESS: STREET 1: PO BOX 407 CITY: BROOKLIN STATE: NY ZIP: 11219 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 2020-05-14 0001649096 Clipper Realty Inc. CLPR 0001107706 BISTRICER DAVID 4611 TWELFTH AVENUE BROOKLYN NY 11219 1 1 1 Co-Chairman and CEO Common Stock 2020-05-14 4 P 0 106666 5.7328 A 106666 I See footnote Common Stock 348933 I As Trustee of The Moric Bistricer 2016 Family Trust Common Stock 248933 I By Spouse as Trustee of The David Bistricer 2016 Family Trust Common Stock 318262 I As Co-Trustee of The Moric Bistricer 2012 Family Trust Special Voting Stock 4278058 D The price is the weighted average price for the transactions reported on this line. The range of prices for the transactions reported on this line is between $5.60 and $5.80 per share. Complete information regarding the number of shares purchased at each separate price will be provided upon request by Commission Staff, the Issuer or a security holder of the Issuer. Represents shares of common stock beneficially held by the Reporting Person through the Morgan Capital Retirement Trust. Special Voting Stock is a class of stock of the Issuer that does not share in any distribution to stockholders of the Issuer, but gives the holder thereof one vote per share on all matters on which the Issuer's holders of Common Stock vote, subject to certain exceptions. Class B LLC Units are units of certain limited liability companies that are indirect subsidiaries of the Issuer. Each Class B LLC Unit is exchangeable, together with one share of Special Voting Stock, for an amount of cash equal to the fair market value of a share of Common Stock of the Issuer or, at the election of the Issuer, one share of Common Stock. The right to exchange Class B LLC Units, together with Special Voting Stock, does not have an expiration date. /s/ David Bistricer 2020-05-18