Power REIT — Director's Dealing 2012

Feb 22, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Power REIT (PW)
CIK: 0001532619
Period of Report: 2012-02-21

Reporting Person: Lesser David H (Director, Chairman and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-02-21	Common	P	1000	$9.63	Acquired	148052	Indirect
2012-02-21	Common	P	1900	$9.63	Acquired	148052	Indirect

Footnotes

F1: The shares were directly acquired by David H. Lesser. After giving effect to the transaction, David H. Lesser has beneficial ownership of 148,052 shares: 11,082 directly, 85,210 through Hudson Bay Partners LLC, a wholly owned affiliate, and 51,760 through HBP PW LLC, an affiliate managed by David H. Lesser.

F2: The shares were indirectly acquired by David H. Lesser. After giving effect to the transaction, David H. Lesser has beneficial ownership of 148,052 shares: 11,082 directly, 85,210 through Hudson Bay Partners LLC, a wholly owned affiliate, and 51,760 through HBP PW LLC, an affiliate managed by David H. Lesser.