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CUSIP No. 45580R103 | | 13D | | Page 30 of 51 pages |
Explanatory Note
This Amendment No. 7 (“Amendment No. 7”) to Schedule 13D amends and supplements the statement on Schedule 13D originally filed with the United States Securities and Exchange Commission (the “SEC”) on July 3, 1997 (as amended to date, the “Schedule 13D”), relating to the shares of common stock, par value $0.01 per share (the “Common Stock”), of Indus Realty Trust, Inc. (formerly filed as Griffin Industrial Realty, Inc.), a Maryland corporation (the “Issuer”). Capitalized terms used herein without definition shall have the meanings set forth in the Schedule 13D.
Item 5. | Interest in Securities of the Issuer. |
Item 5 of the Schedule 13D is hereby amended and restated in its entirety as follows:
(a)–(b) The cover pages and Schedule I attached hereto sets forth, as of the date of this Schedule 13D, the aggregate number of shares of Common Stock and percentage of Common Stock beneficially owned by each of the Reporting Persons, based on 10,194,445 shares of Common Stock outstanding as of February 24, 2023, as disclosed in the Issuer’s Annual Report on Form 10-K/A filed with the SEC on April 28, 2023.
Individuals serving as trustee of a trust listed on Schedule I with no more than two trustees may be deemed to share beneficial ownership of the shares held directly by the trusts. Individuals listed on Schedule I may be deemed to share beneficial ownership of the shares beneficially held by his or her spouse and child sharing the same household as the individual. Susan R. Cullman and John J. Ernst serve as managing members of B. Bros. Realty LLC, and as such, may be deemed to share beneficial ownership over the shares held directly by B. Bros. Realty LLC.
The aggregate amount of shares beneficially owned by Edgar M. Cullman, Jr., Frederick M. Danziger and Michael S. Gamzon include 7,024, 1,067 and 56,216 shares of Common Stock underlying stock options that are currently exercisable, respectively. Michael S. Gamzon is also deemed to beneficially own 1,040 shares of Common Stock underlying restricted stock units that vest with 60 days of the date hereof.
(c) During the past 60 days, none of the Reporting Persons effected any transactions in the Common Stock, except for the gift transactions made to charitable organizations as follows:
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Date | | Reporting Person | | Shares Gifted | |
April 14, 2023 | | Carolyn B. Sicher | | | 3,770 | |
April 14, 2023 | | Georgina D. Cullman | | | 4,518 | |
April 14, 2023 | | Edgar M. Cullman, Jr. | | | 36,207 | |
April 14, 2023 | | Elissa F. Cullman | | | 15,109 | |
April 17, 2023 | | Susan R. Cullman | | | 30,116 | |
April 17, 2023 | | Edgar M. Cullman, III | | | 4,517 | |
April 17, 2023 | | Samuel B. Cullman | | | 6,022 | |
April 27, 2023 | | Sarah D. Gamzon | | | 3,750 | |
April 27, 2023 | | Andrew B. Gamzon | | | 3,750 | |