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