0001144204-11-063121.txt : 20111110 0001144204-11-063121.hdr.sgml : 20111110 20111110175432 ACCESSION NUMBER: 0001144204-11-063121 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20111108 FILED AS OF DATE: 20111110 DATE AS OF CHANGE: 20111110 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: LUDWIG ALEXANDER CENTRAL INDEX KEY: 0001534367 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-08594 FILM NUMBER: 111196747 MAIL ADDRESS: STREET 1: C/O SIGNATURE COMMUNITY INVESTMENTS GRP STREET 2: 9 EAST 40TH ST., 9TH FL. CITY: NEW YORK STATE: NY ZIP: 10016 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: PRESIDENTIAL REALTY CORP/DE/ CENTRAL INDEX KEY: 0000731245 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 131954619 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 180 S BROADWAY CITY: WHITE PLAINS STATE: NY ZIP: 10605 BUSINESS PHONE: 9149481300 MAIL ADDRESS: STREET 1: 180 SOUTH BROADWAY CITY: WHITE PLAINS STATE: NY ZIP: 10605 4 1 v240110_4.xml OWNERSHIP DOCUMENT X0304 4 2011-11-08 0 0000731245 PRESIDENTIAL REALTY CORP/DE/ PDNLA 0001534367 LUDWIG ALEXANDER C/O PRESIDENTIAL REALTY CORPORATION 180 SOUTH BROADWAY WHITE PLAINS NY 10605 1 1 0 0 See Remarks Option 1.25 2011-11-08 4 A 0 370000 0 A 2021-11-08 Class B Common Stock 370000 370000 D 74,000 of the shares of Class B Common Stock covered by the Option may be purchased at any time after the expiration of six months from the transaction date; 148,000 shares of Class B Common Stock subject to the Option will become exercisable upon a sale of the Issuer's equity or certain other securities stock yielding proceeds of at least $20 million to the Issuer; and 148,000 shares of Class B Common Stock subject to the Option will become exercisable upon the consummation of a public offering of the Issuer's stock yielding proceeds of at least $40 million to the Issuer. All Options not previously exercised will become exercisable upon a change of control. Option will expire early upon certain events of termination of the reporting person's employment. President, Chief Operating Officer, Principal Financial Officer and Secretary /s/ Alexander Ludwig 2011-11-08