0001104659-22-108722.txt : 20221014 0001104659-22-108722.hdr.sgml : 20221014 20221014104316 ACCESSION NUMBER: 0001104659-22-108722 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20221012 FILED AS OF DATE: 20221014 DATE AS OF CHANGE: 20221014 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Meng Justin CENTRAL INDEX KEY: 0001665777 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-25043 FILM NUMBER: 221310527 MAIL ADDRESS: STREET 1: 10 ROCK HILL LANE CITY: SCARSDALE STATE: NY ZIP: 10583 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY CENTRAL INDEX KEY: 0000036840 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 221697095 STATE OF INCORPORATION: NJ FISCAL YEAR END: 1031 BUSINESS ADDRESS: STREET 1: 505 MAIN STREET STREET 2: SUITE 400 CITY: HACKENSACK STATE: NJ ZIP: 07601 BUSINESS PHONE: 2014886400 MAIL ADDRESS: STREET 1: 505 MAIN STREET STREET 2: SUITE 400 CITY: HACKENSACK STATE: NJ ZIP: 07601 4 1 tm2228189-2_4seq1.xml OWNERSHIP DOCUMENT X0306 4 2022-10-12 0 0000036840 FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY FREVS 0001665777 Meng Justin C/O FIRST REAL ESTATE INVESTMENT TRUST 500 MAIN STREET HACKENSACK NJ 07601 1 0 0 0 Common Stock, par value $0.01 per share 2022-10-12 4 M 0 19000 13.50 A 31600 D Common Stock, par value $0.01 per share 2400 I By Wife Option to Purchase 13.50 2022-10-12 4 M 0 19000 0 D 2026-11-09 Common Stock, par value $0.01 per share 19000 0 D Prior to the reincorporation of First Real Estate Investment Trust of New Jersey, Inc. ("FREIT") from a New Jersey real estate investment trust to a Maryland corporation on July 1, 2021, FREIT's equity securities were beneficial interests in FREIT that were designated as "shares" without par value. In connection with the reincorporation of FREIT as a Maryland corporation, FREIT's shares of beneficial interest were converted to shares of common stock, par value $0.01 per share, on a 1-for-1 basis. Shares held by an IRA for the benefit of Mr. Meng's wife, Christine Lee Yoon. Mr. Meng disclaims beneficial ownership of the shares held by the IRA. The original exercise price for the shares underlying this option was $21 per share. The exercise price was adjusted to $13.50 per share pursuant to the terms of FREIT's Equity Incentive Plan under which such option was granted. The shares underlying the option vest as follows: 3,800 shares vest on September 4, 2017; 3,800 shares vest on September 4, 2018; 3,800 shares vest on September 4, 2019; 3,800 shares vest on September 4, 2020; and 3,800 shares vest on September 4, 2021. /s/ Justin Meng 2022-10-13