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Clipper Realty Inc. — Director's Dealing 2024
May 6, 2024
33850_dirs_2024-05-06_cb8c1153-3c57-4e14-b419-6a7f0ad95b8f.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Clipper Realty Inc. (CLPR)
CIK: 0001649096
Period of Report: 2024-04-09
Reporting Person: Verrone Roberto Angelo (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-04-09 | Common Stock | M | 14062 | — | Acquired | 14062 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-04-09 | Operating Partnership Units(1) | $ | M | 14062 | Acquired | Common Stock (14062) | Direct |
Footnotes
F1: Represents limited partnership units ("OP Units") of Clipper Realty L.P. (the "Operating Partnership"), a direct subsidiary of Clipper Realty, Inc. (the "Company"), received by the reporting person in exchange for an equivalent number of vested long term incentive plan units ("LTIP Units"), a class of units of the Operating Partnership. Each OP Unit is redeemable at the request of the holder for cash in an amount equal to the price of a share of common stock of the Company or, at the election of the Company, one share of its common stock. The Company has elected to redeem each OP Unit for one share of its common stock. The rights to convert LTIP Units into OP Units and redeem OP Units do not have expiration dates.