Statement of Changes in Beneficial Ownership (4)
December 08 2021 - 5:46PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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OMB APPROVAL
OMB Number:
3235-0287
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0.5
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Miller Kevin S. |
2. Issuer Name and Ticker or Trading Symbol
MONMOUTH REAL ESTATE INVESTMENT CORP
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MNR
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Chief Financial Officer |
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(Last)
(First)
(Middle)
BELL WORKS, 101 CRAWFORDS CORNER ROAD, SUITE 1405 |
3. Date of Earliest Transaction
(MM/DD/YYYY)
12/8/2021 |
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(Street)
HOLMDEL, NJ 07733
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security
(Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code
(Instr. 8)
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4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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| Monmouth Real Estate Investment Corporation | 12/8/2021 | | F(2) | | 27620 | D | $20.94 | 102469.8941 | D | |
| Monmouth Real Estate Investment Corporation | 12/8/2021 | | M | | 32978 | A | $14.24 | 130089.8941 | D | |
| Monmouth Real Estate Investment Corporation | 12/8/2021 | | F(1) | | 22220 | D | $20.94 | 97111.8941 | D | |
| Monmouth Real Estate Investment Corporation | 12/8/2021 | | M | | 27000 | A | $13.64 | 119331.8941 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security
(Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. 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 | 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 of Derivative Security: 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 |
| Monmouth Real Estate Investment Corporation | $13.64 | 12/8/2021 | | M | | | 27000 (3) | 12/10/2019 | 12/10/2026 | Monmouth Real Estate Investment Corporation | 27000 | $0 | 0 | D | |
| Monmouth Real Estate Investment Corporation | $14.24 | 12/8/2021 | | M | | | 32978 (3) | 12/9/2017 | 12/9/2024 | Monmouth Real Estate Investment Corporation | 32978 | $0 | 0 | D | |
| Explanation of Responses: |
| (1) | Represents a "net exercise" of outstanding stock options. The reporting person received 4,780 shares of common stock on net exercise of option to purchase 27,000 shares of common stock. The company withheld 22,220 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 5,358 shares of common stock on net exercise of option to purchase 32,978 shares of common stock. The Company withheld 27,620 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 2007 Stock Option Plan. |
| (3) | Exercise of Stock Options. |
Reporting Owners
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| Reporting Owner Name / Address | Relationships |
| Director | 10% Owner | Officer | Other |
Miller Kevin S.
BELL WORKS
101 CRAWFORDS CORNER ROAD, SUITE 1405
HOLMDEL, NJ 07733 | X |
| Chief Financial Officer |
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Signatures
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| /s/ Becky G. Coleridge, attorney in fact | | 12/8/2021 |
| **Signature of Reporting Person | Date |
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