0001214659-17-000163.txt : 20170106 0001214659-17-000163.hdr.sgml : 20170106 20170106062511 ACCESSION NUMBER: 0001214659-17-000163 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20170104 FILED AS OF DATE: 20170106 DATE AS OF CHANGE: 20170106 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: BRT REALTY TRUST CENTRAL INDEX KEY: 0000014846 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 132755856 STATE OF INCORPORATION: MA FISCAL YEAR END: 0930 BUSINESS ADDRESS: STREET 1: 60 CUTTER MILL RD STREET 2: SUITE 303 CITY: GREAT NECK STATE: NY ZIP: 11021-3190 BUSINESS PHONE: 5164663100 FORMER COMPANY: FORMER CONFORMED NAME: BERG ENTERPRISES REALTY GROUP DATE OF NAME CHANGE: 19750724 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: GOULD JEFFREY CENTRAL INDEX KEY: 0001187903 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-07172 FILM NUMBER: 17512845 4 1 marketforms-37420.xml PRIMARY DOCUMENT X0306 4 2017-01-04 0000014846 BRT REALTY TRUST BRT 0001187903 GOULD JEFFREY 60 CUTTER MILL ROAD, SUITE 303 GREAT NECK NY 11021 true true false false PRESIDENT AND CEO Shares of beneficial interest 2017-01-04 4 A false 13110 0 A 342762 D Shares of beneficial interest 23469 I By Gould Shenfeld Family Foundation Shares of beneficial interest 79169 I As custodian Shares of beneficial Interest 33259 I By Gould Family Trust Shares of beneficial interest 2989898 I By Gould Investors L.P. Restricted Stock Units Common Stock 37000 37000 D These shares were issued as restricted stock effective January 4, 2017 under the issuer's 2016 Amended and Restated Incentive Plan. The shares vest January 3, 2022. The award is exempt from Section 16(b) under Rule 16b-3(d)(1). Reporting person is a director of the Gould Shenfeld Family Foundation. Reporting person holds these shares as custodian for his children. Reporting person disclaims any beneficial interest in these shares. Reporting person is a trustee of the Gould Family Trust, which owns these shares. Reporting person is an officer of the managing general partner of Gould Investors L.P. Reporting person also holds limited partnership units in Gould Investors L.P. These shares represent all shares of issuer owned by Gould Investors L.P. Each Restricted Stock Unit represents a contingent right to receive 1 share of BRT Realty Trust common stock. Approximately 55% and 45% of the units vest based on satisfaction of performance metrics related to total shareholder return (including relative shareholder return) and adjusted funds from operations, respectively. Each such unit is granted in tandem with a cash settled dividend equivalent right entitling the holder, to the extent such unit vests, to the cash dividends paid on the shares underlying such units from the grant date through March 31, 2021. The restricted stock units vest on March 31, 2021, subject to satisfaction of applicable continued service and performance conditions. Jeffrey A. Gould 2017-01-06