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GETTY REALTY CORP /MD/ Director's Dealing 2005

Mar 7, 2005

31912_dirs_2005-03-07_cd229413-6fc6-460c-be43-cb1fd6872835.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GETTY REALTY CORP /MD/ (GTY)
CIK: 0001052752
Period of Report: 2005-03-02

Reporting Person: SAFENOWITZ HOWARD B (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2005-03-02 Common Stock M 5000 $11.13 Acquired 167992.00 Direct
2005-03-02 Common Stock M 5000 $14.50 Acquired 172992.00 Direct
2005-03-02 Common Stock M 5250 $16.15 Acquired 178242.00 Direct
2005-03-02 Common Stock M 3500 $18.30 Acquired 181742.00 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2005-03-02 Stock Option (right to buy) $11.13 M 5000 Disposed 2009-12-17 Common Stock (5000.00) Direct
2005-03-02 Stock Option (right to buy) $14.50 M 5000 Disposed 2010-12-12 Common Stock (5000.00) Direct
2005-03-02 Stock Option (right to buy) $16.15 M 5250 Disposed 2011-09-20 Common Stock (5250.00) Direct
2005-03-02 Stock Option (right to buy) $18.30 M 3500 Disposed 2012-11-12 Common Stock (3500.00) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 89303.00 Indirect
Common Stock 26779.00 Indirect
Common Stock 12443.00 Indirect
Common Stock 1837894.00 Indirect
Common Stock 11523.00 Indirect
Common Stock 515000.00 Indirect

Footnotes

F1: As Co-Trustee of The Marilyn Safenowitz Irrevocable Trust u/a/d 12/13/94, in which he has no beneficial interest.

F2: Shares held by The Safenowitz Partners, LP ( the ''Limited Partnership''). The undersigned is the President of Safenowitz Family Corp., which is the General Partner of the Limited Partnership. The undersigned disclaims beneficial ownership of the shares held by the Limited Partnership, except to the extent of his pecuniary interest therein.

F3: Owned by Spouse. The undersigned disclaims beneficial ownership in these shares.

F4: As President of the General Partner of The Safenowitz Family Partnership, LP. The undersigned disclaims beneficial ownership of the shares held by the Partnership, except to the extent of his pecuniary interest therein.

F5: Upon the date first exercisable, 25% of the grant is vested and an additional 25% of the grant vests each year thereafter.