0001214659-17-000178.txt : 20170106
0001214659-17-000178.hdr.sgml : 20170106
20170106110450
ACCESSION NUMBER: 0001214659-17-000178
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 MITCHELL
CENTRAL INDEX KEY: 0001187912
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-07172
FILM NUMBER: 17513236
4
1
marketforms-37425.xml
PRIMARY DOCUMENT
X0306
4
2017-01-04
0000014846
BRT REALTY TRUST
BRT
0001187912
GOULD MITCHELL
60 CUTTER MILL ROAD, SUITE 303
GREAT NECK
NY
11021
false
true
false
false
Executive Vice President
Shares of Beneficial Interest
2017-01-04
4
A
false
11375
0
A
146254
D
Restricted Stock Units
Common Stock
22000
22000
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).
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.
Mitchell Gould
2017-01-06