0001174947-22-001119.txt : 20221028 0001174947-22-001119.hdr.sgml : 20221028 20221028144913 ACCESSION NUMBER: 0001174947-22-001119 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20221027 FILED AS OF DATE: 20221028 DATE AS OF CHANGE: 20221028 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: AIELLO JOHN A CENTRAL INDEX KEY: 0001214830 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-25043 FILM NUMBER: 221341116 MAIL ADDRESS: STREET 1: GIORDANO HALLERAN & CLESIA STREET 2: PC 125 HALF MILE RD PO BOX 190 CITY: MIDDLETOWN STATE: NJ ZIP: 07748 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 2022-10-27 0 0000036840 FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY FREVS 0001214830 AIELLO JOHN A C/O GIORDANO, HALLERAN & CIESLA, P.C. 125 HALF MILE ROAD, SUITE 300 RED BANK NJ 07701 1 1 0 0 Secretary Common Stock, par value $0.01 per share 2022-10-27 4 M 0 19000 13.50 A 24000 D Option to Purchase 13.50 2022-10-27 4 M 0 19000 0 A 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. 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/ John A. Aiello 2022-10-28