0001493152-17-006054.txt : 20170601
0001493152-17-006054.hdr.sgml : 20170601
20170601085557
ACCESSION NUMBER: 0001493152-17-006054
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20170531
FILED AS OF DATE: 20170601
DATE AS OF CHANGE: 20170601
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Power REIT
CENTRAL INDEX KEY: 0001532619
STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798]
IRS NUMBER: 453116572
STATE OF INCORPORATION: MD
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 301 WINDING ROAD
CITY: OLD BETHPAGE
STATE: NY
ZIP: 11804
BUSINESS PHONE: 212-750-0373
MAIL ADDRESS:
STREET 1: 301 WINDING ROAD
CITY: OLD BETHPAGE
STATE: NY
ZIP: 11804
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Lesser David H
CENTRAL INDEX KEY: 0001479527
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36312
FILM NUMBER: 17883374
MAIL ADDRESS:
STREET 1: 301 WINDING ROAD
CITY: OLD BETHPAGE
STATE: NY
ZIP: 11804
4
1
form4.xml
X0306
4
2017-05-31
0
0001532619
Power REIT
PW
0001479527
Lesser David H
301 WINDING ROAD
OLD BETHPAGE
NY
11804
1
1
1
0
CEO, Secretary, Treasurer
Common Stock
2017-05-31
4
P
0
40000
0
A
468050
D
After giving effect to the reported transaction(s), Mr. Lesser has beneficial ownership of 428,050 shares: 188,349 directly (including restricted stock and option equity grants (vested and unvested) under the Trust's 2012 Equity Incentive Plan), 87,438 through Hudson Bay Partners LP, a wholly owned affiliate, and 54,263 through HBP PW LLC, an affiliate managed by David H. Lesser. Approximately 99.8% of the share capital of HBP PW LLC has been provided by a third-party investor. A non qualified stock option to acquire 100,000 common shares ("Option") (1) and 20,000 (1) restricted shares of common stock ("Restricted Stock") were awarded on August 13, 2012, pursuant to the Trust's 2012 Equity Incentive Plan. The Option and Restricted Stock awards vest in three equal annual installments beginning with the first anniversary of the respective grants. The Options have a 10-year term and a strike price equal to the closing price of the stock on August 13, 2012.
On June 30, 2014, 40,000 restricted shares of common stock were granted to David H. Lesser pursuant to the Trust's 2012 Equity Incentive Plan which vests over three years in 12 equal quarterly installments beginning with Q2 2014. On September 10, 2015 9,400 restricted shares of common stock which vests over twelve quarterly periods beginning with 9/30/15. On 5/5/16 Mr. Lesser was granted 40,000 shares as compensation which vests quarterly over three years with the first vesting to occur on 6/30/16. On May 31, 2017, Mr. Lesser was granted 40,000 shares as compensation which vests quarterly over three years with the first vesting to occur on 6/30/17.
/s/ David H. Lesser
2017-06-01