SEC Form 4
FORM 4 | UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
| |||||||||||||||
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
| 2. Issuer Name and Ticker or Trading Symbol MONMOUTH REAL ESTATE INVESTMENT CORP [ MNR ] | 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
| ||||||||||||||||||||||||
3. Date of Earliest Transaction (Month/Day/Year) 12/08/2021 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed (Month/Day/Year) | 6. Individual or Joint/Group Filing (Check Applicable Line)
|
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|
1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
MNR Common Stock | 12/08/2021 | F(6) | 49,016 | D | $20.94 | 1,108,441.497 | D | |||
MNR Common Stock | 12/08/2021 | M | 65,000 | A | $11.16 | 1,157,457.497 | D | |||
MNR Common Stock | 12/08/2021 | F(5) | 47,725 | D | $20.94 | 1,092,457.497 | D | |||
MNR Common Stock | 12/08/2021 | M | 65,000 | A | $10.37 | 1,140,182.497 | D | |||
MNR Common Stock | 12/08/2021 | F(4) | 55,358 | D | $20.94 | 1,075,182.497 | D | |||
MNR Common Stock | 12/08/2021 | M | 65,000 | A | $15.04 | 1,130,540.497 | D | |||
MNR Common Stock | 12/08/2021 | F(3) | 59,868 | D | $20.94 | 1,065,540.497 | D | |||
MNR Common Stock | 12/08/2021 | M | 65,000 | A | $17.8 | 1,125,408.497 | D | |||
MNR Common Stock | 12/08/2021 | F(2) | 51,795 | D | $20.94 | 1,060,408.497 | D | |||
MNR Common Stock | 12/08/2021 | M | 65,000 | A | $12.86 | 1,112,203.497 | D | |||
MNR Common Stock | 12/08/2021 | F(1) | 54,557 | D | $20.94 | 1,047,203.497 | D | |||
MNR Common Stock | 12/08/2021 | M | 65,000 | A | $14.55 | 1,101,760.497 | D | |||
MNR Common Stock | 194,405 | I | Eugene W. Landy and Gloria Landy Family Foundation | |||||||
MNR Common Stock | 43,748.195 | I | Juniper Plaza Associates | |||||||
MNR Common Stock | 32,866.355 | I | Windsor Industrial Park Associates | |||||||
MNR Common Stock | 97,913.57 | I | Spouse | |||||||
MNR Common Stock | 13,048 | I | Landy Investments, Ltd. | |||||||
MNR Common Stock | 168,293.62 | I | Landy & Landy Employees' Pension Plan | |||||||
MNR Common Stock | 201,426.819 | I | Landy & Landy Employees' Profit Sharing Plan |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Stock Option to Purchase Common Stock | $18.89 | 10/01/2022 | 10/01/2029 | MNR Common Stock | 65,000 | 65,000 | D | ||||||||
Stock Option to Purchase Common Stock | $16.46 | 01/13/2022 | 01/13/2029 | MNR Common Stock | 65,000 | 65,000 | D | ||||||||
Stock Option to Purchase Common Stock | $14.55 | 12/08/2021 | M | 65,000(7) | 01/13/2021 | 01/13/2028 | MNR Common Stock | 65,000 | $0 | 0 | D | ||||
Stock Option to Purchase Common Stock | $12.86 | 12/08/2021 | M | 65,000(7) | 01/10/2020 | 01/10/2027 | MNR Common Stock | 65,000 | $0 | 0 | D | ||||
Qualified Stock Option to Purchase Common Stock | $17.8 | 12/08/2021 | M | 65,000(7) | 01/03/2019 | 01/03/2026 | MNR Common Stock | 65,000 | $0 | 0 | D | ||||
Qualified Stock Option to Purchase MNR Common Stock | $15.04 | 12/08/2021 | M | 65,000(7) | 01/04/2018 | 01/04/2025 | MNR Common Stock | 65,000 | $0 | 0 | D | ||||
Qualified Stock Option to Purchase MNR Common Stock | $10.37 | 12/08/2021 | M | 65,000(7) | 01/05/2017 | 01/05/2024 | MNR Common Stock | 65,000 | $0 | 0 | D | ||||
Qualified Stock Option to Purchase MNR Common Stock | $11.16 | 12/08/2021 | M | 65,000(7) | 01/05/2016 | 01/05/2023 | MNR Common Stock | 65,000 | $0 | 0 | D |
Explanation of Responses: |
1. Represents a "net exercise" of outstanding stock options. The reporting person received 10,443 shares of common stock on net exercise of option to purchase 65,000 shares of common stock. The Company withheld 54,557 shares of common stock underlying the option for payment of the exercise price and tax withholdings, using the closing stock price on December 7, 2021 of $20.94, pursuant to the terms of the 2007 Stock Option Plan. |
2. Represents a "net exercise" of outstanding stock options. The reporting person received 13,205 shares of common stock on net exercise of option to purchase 65,000 shares of common stock. The Company withheld 51,795 shares of common stock underlying the option for payment of the exercise price and tax withholdings, using the closing stock price on December 7, 2021 of $20.94, pursuant to the terms of the 2007 Stock Option Plan. |
3. Represents a "net exercise" of outstanding stock options. The reporting person received 5,132 shares of common stock on net exercise of option to purchase 65,000 shares of common stock. The Company withheld 59,868 shares of common stock underlying the option for payment of the exercise price and tax withholdings, using the closing stock price on December 7, 2021 of $20.94, pursuant to the terms of the 2007 Stock Option Plan. |
4. Represents a "net exercise" of outstanding stock options. The reporting person received 9,642 shares of common stock on net exercise of option to purchase 65,000 shares of common stock. The Company withheld 55,358 shares of common stock underlying the option for payment of the exercise price and tax withholdings, using the closing stock price on December 7, 2021 of $20.94, pursuant to the terms of the 2007 Stock Option Plan. |
5. Represents a "net exercise" of outstanding stock options. The reporting person received 17,275 shares of common stock on net exercise of option to purchase 65,000 shares of common stock. The Company withheld 47,725 shares of common stock underlying the option for payment of the exercise price and tax withholdings, using the closing stock price on December 7, 2021 of $20.94, pursuant to the terms of the 2007 Stock Option Plan. |
6. Represents a "net exercise" of outstanding stock options. The reporting person received 15,984 shares of common stock on net exercise of option to purchase 65,000 shares of common stock. The Company withheld 49,016 shares of common stock underlying the option for payment of the exercise price and tax withholdings, using the closing stock price on December 7, 2021 of $20.94, pursuant to the terms of the 2007 Stock Option Plan. |
7. Exercise of Stock Options. |
Eugene W. Landy | 12/08/2021 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |