0001144204-17-001679.txt : 20170110
0001144204-17-001679.hdr.sgml : 20170110
20170110180509
ACCESSION NUMBER: 0001144204-17-001679
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20170106
FILED AS OF DATE: 20170110
DATE AS OF CHANGE: 20170110
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: LUDWIG ALEXANDER
CENTRAL INDEX KEY: 0001534367
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-08594
FILM NUMBER: 17521576
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
4
1
v456660_4.xml
OWNERSHIP DOCUMENT
X0306
4
2017-01-06
0
0000731245
PRESIDENTIAL REALTY CORP/DE/
PDNLB
0001534367
LUDWIG ALEXANDER
C/O PRESIDENTIAL REALTY CORPORATION,
1430 BROADWAY, SUITE 503
NEW YORK
NY
10018
1
1
0
0
See Remarks
Class B Common Stock
2017-01-06
4
A
0
450000
0.03
A
450000
D
Option (Right to Buy)
0.00
2017-01-06
4
A
0
1
0.00
A
Class B Common Stock
550000
1
D
On January 6, 2017, Mr. Ludwig was granted an option to purchase the shares at a purchase price of $0.00 per share.
The option will expire on the tenth anniversary following the grant date and is subject to certain conditions, which include (1) the Company has consummated an equity offering, capital raise or such other offering such that the issuance of any Class B Shares covered by such option would not be deemed "Excess Shares" as that term is defined in the certificate of incorporation of the Company, and (2) to the extent the Company deems it necessary in connection with the exercise of the option, the Company has obtained an opinion of counsel from a nationally recognized law firm to the effect that the issuance of Class B Shares subject to the option will not cause the Company to be treated as "closely held" within the meaning of Section 856(a)(6) of the Internal Revenue Code of 1986, as amended.
President, Chief Operating Officer, Principal Financial Officer and Secretary. The filing of this Statement shall not be construed as an admission (a) that the person filing this Statement is, for the purposes of Section 16 of the Securities Exchange Act of 1934, as amended, the beneficial owner of any equity securities covered by this Statement, or (b) that this Statement is legally required to be filed by such person.
/s/ Alexander Ludwig
2017-01-10