0001174947-22-001106.txt : 20221027 0001174947-22-001106.hdr.sgml : 20221027 20221027163941 ACCESSION NUMBER: 0001174947-22-001106 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20221026 FILED AS OF DATE: 20221027 DATE AS OF CHANGE: 20221027 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Hekemian Robert S Jr CENTRAL INDEX KEY: 0001387241 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-25043 FILM NUMBER: 221337831 MAIL ADDRESS: STREET 1: 370 PASCACK ROAD CITY: TOWNSHIP OF WASHINGTON STATE: NJ ZIP: 07676 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 ownership.xml X0306 4 2022-10-26 0 0000036840 FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY FREVS 0001387241 Hekemian Robert S Jr 17 OLD WOODS ROAD SADDLE RIVER NJ 07458 1 1 0 0 Chief Executive Officer Common Stock, par value $0.01 per share 2022-10-26 4 M 0 19000 10.95 A 170236 D Common Stock, par value $0.01 per share 2022-10-26 4 M 0 4000 10.95 A 174236 D Common Stock, par value $0.01 per share 25458 I By Trust Common Stock, par value $0.01 per share 11000 I By Trusts Common Stock, par value $0.01 per share 1000 I By Spouse Common Stock, par value $0.01 per share 102216 I By Partnerships Common Stock, par value $0.01 per share 9238 I By Trusts Option to Purchase 10.95 2022-10-26 4 D 0 19000 0 A 2024-09-03 Common Stock, par value $0.01 per share 19000 0 D Option to Purchase 10.95 2022-10-26 4 D 0 4000 0 A 2024-09-03 Common Stock, par value $0.01 per share 4000 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 in trust for which Mr. Hekemian is a beneficiary. Mr. Hekemian disclaims beneficial ownership of these shares except to the extent of his pecuniary interest. Shares held by certain trusts for the benefit of Mr. Hekemian's nephews, and of which Mr. Hekemian is trustee. Mr. Hekemian disclaims beneficial ownership of these shares. Shares held by Mr. Hekemian's wife. Mr. Hekemian disclaims beneficial ownership of these shares. Shares held by certain partnerships in which Mr. Hekemian is a partner. Mr. Hekemian disclaims beneficial ownership of these shares except to the extent of his pecuniary interest. Shares held in trust by Mr. Hekemian for the benefit of his children. Mr. Hekemian disclaims beneficial ownership of these shares. This option was granted to Mr. Hekemian in his capacity as a Trustee of FREIT. The original exercise price for the shares underlying this option was $18.45 per share. The exercise price was adjusted to $10.95 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, 2015; 3,800 shares vest on September 4, 2016; 3,800 shares vest on September 4, 2017; 3,800 shares vest on September 4, 2018; and 3,800 shares vest on September 4, 2019. This option was granted to Mr. Hekemian in his capacity as the President and Chief Operating Officer of Hekemian & Co., Inc., the managing agent of FREIT. The original exercise price for the shares underlying this option was $18.45 per share. The exercise price was adjusted to $10.95 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: 800 shares vest on September 4, 2015; 800 shares vest on September 4, 2016; 800 shares vest on September 4, 2017; 800 shares vest on September 4, 2018; and 800 shares vest on September 4, 2019. /s/ Robert S. Hekemian, Jr. 2022-10-27