0001144204-14-001855.txt : 20140113 0001144204-14-001855.hdr.sgml : 20140113 20140113133517 ACCESSION NUMBER: 0001144204-14-001855 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20140110 FILED AS OF DATE: 20140113 DATE AS OF CHANGE: 20140113 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: 1430 BROADWAY STREET 2: SUITE 503 CITY: NEW YORK STATE: NY ZIP: 10018 BUSINESS PHONE: 914-948-1300 MAIL ADDRESS: STREET 1: 1430 BROADWAY STREET 2: SUITE 503 CITY: NEW YORK STATE: NY ZIP: 10018 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: JEKOGIAN III NICKOLAS W CENTRAL INDEX KEY: 0001437115 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-08594 FILM NUMBER: 14524060 MAIL ADDRESS: STREET 1: NWJ COMPANIES STREET 2: 9 EAST 40TH STREET 9TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10016 4 1 v365264_4.xml OWNERSHIP DOCUMENT X0306 4 2014-01-10 0 0000731245 PRESIDENTIAL REALTY CORP/DE/ PDNLB 0001437115 JEKOGIAN III NICKOLAS W C/O PRESIDENTIAL REALTY CORPORATION 180 SOUTH BROADWAY WHITE PLAINS NY 10605 1 1 0 0 See Remarks Warrant (Right to Buy) 0.10 2014-01-08 4 A 0 1700000 0 A Class B Common Stock 1700000 1700000 D Option (Right to Buy) 1.25 Class B Common Stock 370000 370000 D Mr. Jekogian is exchanging $425,000 of his deferred compensation for a warrant to purchase 1,700,000 shares of Class B Common Stock. Both the deferred compensation and the exercise of the warrant are subject to completion of a transaction by the Issuer in which the Issuer receives cash or property of at least $20,000,000 (a "Capital Event"). The Warrant will become exercisable six months following a Capital Event. The Warrant will expire 5-1/2 years after the Capital Event. 74,000 of the shares of Class B Common Stock covered by the Option are currently exercisable; 148,000 shares of Class B Common Stock subject to the Option will become exercisable upon a Capital Event; 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 November 8, 2021. Option and the Warrant will expire early upon certain events of termination of the reporting person's employment. Chairman of the Board of Directors and Chief Executive Officer /s/ Nickolas W. Jekogian 2014-01-13