0001174947-23-000723.txt : 20230505 0001174947-23-000723.hdr.sgml : 20230505 20230505135719 ACCESSION NUMBER: 0001174947-23-000723 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230503 FILED AS OF DATE: 20230505 DATE AS OF CHANGE: 20230505 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Hekemian David CENTRAL INDEX KEY: 0001737370 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-25043 FILM NUMBER: 23892871 MAIL ADDRESS: STREET 1: 505 MAIN STREET STREET 2: SUITE 400 CITY: HACKENSACK STATE: NJ ZIP: 07601 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 X0407 4 2023-05-03 0 0000036840 FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY FREVS 0001737370 Hekemian David 505 MAIN STREET SUITE 400 HACKENSACK NJ 07601 1 0 0 0 0 Common Stock, par value $0.01 per share 2023-05-03 4 M 0 3800 8.00 A 213629 D Common Stock, par value $0.01 per share 102216 I By Partnerships and LLCs Common Stock, par value $0.01 per share 17638 I By Trust Common Stock, par value $0.01 per share 25470 I By Trust Common Stock, par value $0.01 per share 88940 I By Foundation Common Stock, par value $0.01 per share 6000 I By Trust Common Stock, par value $0.01 per share 1916 I By Spouse Option to Purchase 8.00 2023-05-03 4 M 0 3800 0 D 2028-05-03 Common Stock, par value $0.01 per share 3800 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 certain partnerships and limited liability companies in which Mr. Hekemian is a partner or member. Mr. Hekemian disclaims beneficial ownership of the shares held by such partnerships and limited liability companies except to the extent of his pecuniary interest therein. Shares held in by a certain trust for the benefit of Mr. Hekemian's nephews, of which Mr. Hekemian is the trustee. Mr. Hekemian disclaims beneficial ownership of the shares held by such trust. Shares held in a certain trust, of which Mr. Hekemian is a beneficiary. Mr. Hekemian disclaims beneficial ownership of the shares held by such trust except to the extent of his pecuniary interest therein. Shares held by the Robert and Mary Jane Hekemian Foundation, Inc., of which Mr. Hekemian is the Vice President/Treasurer. Mr. Hekemian disclaims beneficial ownership of the shares held by the Robert and Mary Jane Hekemian Foundation, Inc. Shares held in a certain trust for the benefit of Mr. Hekemian's children, of which Mr. Hekemian is the trustee. Mr. Hekemian disclaims beneficial ownership of the shares held by such trust. Shares held by Mr. Hekemian's wife. Mr. Hekemian disclaims beneficial ownership of the shares held by his wife. The original exercise price for the shares underlying this option was $15.50 per share. The exercise price was adjusted to $8 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 May 3, 2019; 3,800 shares vest on May 3, 2020; 3,800 shares vest on May 3, 2021; 3,800 shares vest on May 3, 2022; and 3,800 shares vest on May 3, 2023. /s/ David B. Hekemian 2023-05-05