0001437749-20-014221.txt : 20200630
0001437749-20-014221.hdr.sgml : 20200630
20200630160624
ACCESSION NUMBER: 0001437749-20-014221
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20200630
FILED AS OF DATE: 20200630
DATE AS OF CHANGE: 20200630
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: SCHWIMMER JACOB
CENTRAL INDEX KEY: 0001697489
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38010
FILM NUMBER: 201002381
MAIL ADDRESS:
STREET 1: 1738 47TH STREET
CITY: BROOKLYN
STATE: NY
ZIP: 11204
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
2020-06-30
0001649096
Clipper Realty Inc.
CLPR
0001697489
SCHWIMMER JACOB
4611 TWELFTH AVENUE
BROOKLYN
NY
11219
1
Chief PM Offcier
Long Term Incentive Plan Units
2020-06-30
4
A
0
15000
0
A
Common Stock
15000
15000
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 in full on January 1, 2023. The rights to convert LTIP Units into OP Units and redeem OP Units do not have expiration dates.
/s/ Jacob Schwimmer
2020-06-30