Company: CLPR
Filing Date: 2025-04-30
Form Type: DEF 14A
Source: 0001437749-25-013840
Chunk: 64

Company: Clipper Realty Inc.
Filing Date: 2025-04-30
Form: DEF 14A
Chunk 64
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 stock and 4,464,692 shares of special voting stock owned by Trapeze Inc., a Delaware corporation, (ii) 136,782 shares of common stock and 1,362,039 shares of special voting stock owned by Trapeze D Holdings LLC, a Delaware limited liability company, (iii) 128,185 shares of common stock and 1,469,548 shares of special voting stock owned by ECL Holdings LLC, a Delaware limited liability company, (iv) 556,196 vested LTIP units, which are convertible into common stock on a one-for-one basis, (v) 91,934 shares of common stock, and (vi) 16,000 shares of common stock owned by Sam Levinson’s spouse through the R. Michelle Levinson Profit Sharing Plan, of which Mr. Levinson is co-trustee. Sam Levinson has sole voting and investment control over the entities in (i) through (iii) in the preceding sentence. Excludes 24,779, 95,196, 109,184, 117,841 and 275,000 LTIP units which will vest in 2025, 2026, 2027, 2028 and 2033, respectively, and 360,987 LTIP units which will vest ratably from 2025 through 2033 generally subject to continued service as a director. The address for Trapeze Inc., Trapeze D Holdings LLC, ECL Holdings LLC and Sam Levinson is 810 Seventh Avenue, 28th Floor, New York, New York 10019. |

| 8. | Represents 24,139 vested LTIP units, which are convertible into common stock on a one-for-one basis, and 25,369 shares of common stock. Excludes 2,860 LTIP units which will vest in 2025, generally subject to continued service as a director. |

| 9. | Represents 24,139 vested LTIP units, which are convertible into common stock on a one-for-one basis. Excludes 2,860 LTIP units which will vest in 2025, generally subject to continued service as a director. |

| 10. | Represents 8,160 vested LTIP units, which are convertible into common stock on a one-for-one basis, and 15,979 shares of common stock. Excludes 2,860 LTIP units which will vest in 2025, generally subject to continued service