Sec Form 13D Filing - DANZIGER FREDERICK M filing for INDUS REALTY TRUST INC. (INDT) - 2023-02-23

Insider filing report for Changes in Beneficial Ownership

  • Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
  • Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 6)*

 

 

Indus Realty Trust, Inc.

(Name of Issuer)

Common Stock, par value $0.01 per share

(Title of Class of Securities)

45580R103

(CUSIP Number)

Lydia Plaskon

641 Lexington Avenue – 26th Floor

New York, New York 10022

(212) 838-0211

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

February 22, 2023

(Date of Event Which Requires Filing of This Statement)

 

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), Rule 13d-1(f) or Rule 13d-1(g), check the following box. ☐

 

 

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7(b) for other parties to whom copies are to be sent.

 

 

 

 

*

The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 


CUSIP No. 45580R103    13D    Page 2 of 53 pages

 

  1    

  Names of Reporting Persons

 

  Edgar M. Cullman, Jr.

  2  

  Check the Appropriate Box if a Member of a Group

  (a)  ☒        (b)  ☐

 

  3  

  SEC Use Only

 

  4  

  Source of Funds (See Instructions)

 

  OO

  5  

  Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

 

  ☐

  6  

  Citizenship or Place of Organization

 

  United States

NUMBER OF

SHARES

 BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7    

  Sole Voting Power

 

  43,231

     8  

  Shared Voting Power

 

  67,413

     9  

  Sole Dispositive Power

 

  43,231

   10  

  Shared Dispositive Power

 

  67,413

11    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  110,644

12  

  Check if the Aggregate Amount in Row (11) Excludes Certain Shares

 

  ☐

13  

  Percent of Class Represented by Amount in Row (11)

 

  1.1%

14  

  Type of Reporting Person

 

  IN


CUSIP No. 45580R103    13D    Page 3 of 53 pages

 

  1    

  Names of Reporting Persons

 

  Elissa F. Cullman

  2  

  Check the Appropriate Box if a Member of a Group

  (a)  ☒        (b)  ☐

 

  3  

  SEC Use Only

 

  4  

  Source of Funds (See Instructions)

 

  OO

  5  

  Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

 

  ☐

  6  

  Citizenship or Place of Organization

 

  United States

NUMBER OF

SHARES

 BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7    

  Sole Voting Power

 

  15,109

     8  

  Shared Voting Power

 

  95,535

     9  

  Sole Dispositive Power

 

  15,109

   10  

  Shared Dispositive Power

 

  95,535

11    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  110,644

12  

  Check if the Aggregate Amount in Row (11) Excludes Certain Shares

 

  ☐

13  

  Percent of Class Represented by Amount in Row (11)

 

  1.1%

14  

  Type of Reporting Person

 

  IN


CUSIP No. 45580R103    13D    Page 4 of 53 pages

 

  1    

  Names of Reporting Persons

 

  Susan R. Cullman

  2  

  Check the Appropriate Box if a Member of a Group

  (a)  ☒        (b)  ☐

 

  3  

  SEC Use Only

 

  4  

  Source of Funds (See Instructions)

 

  OO

  5  

  Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

 

  ☐

  6  

  Citizenship or Place of Organization

 

  United States

NUMBER OF

SHARES

 BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7    

  Sole Voting Power

 

  48,320

     8  

  Shared Voting Power

 

  238,088

     9  

  Sole Dispositive Power

 

  48,320

   10  

  Shared Dispositive Power

 

  238,088

11    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  286,408

12  

  Check if the Aggregate Amount in Row (11) Excludes Certain Shares

 

  ☐

13  

  Percent of Class Represented by Amount in Row (11)

 

  2.8%

14  

  Type of Reporting Person

 

  IN


CUSIP No. 45580R103    13D    Page 5 of 53 pages

 

  1    

  Names of Reporting Persons

 

  Lucy C. Danziger

  2  

  Check the Appropriate Box if a Member of a Group

  (a)  ☒        (b)  ☐

 

  3  

  SEC Use Only

 

  4  

  Source of Funds (See Instructions)

 

  OO

  5  

  Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

 

  ☐

  6  

  Citizenship or Place of Organization

 

  United States

NUMBER OF

SHARES

 BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7    

  Sole Voting Power

 

  56,289

     8  

  Shared Voting Power

 

  167,328

     9  

  Sole Dispositive Power

 

  56,289

   10  

  Shared Dispositive Power

 

  167,328

11    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  223,617

12  

  Check if the Aggregate Amount in Row (11) Excludes Certain Shares

 

  ☐

13  

  Percent of Class Represented by Amount in Row (11)

 

  2.2%

14  

  Type of Reporting Person

 

  IN


CUSIP No. 45580R103    13D    Page 6 of 53 pages

 

  1    

  Names of Reporting Persons

 

  Frederick M. Danziger

  2  

  Check the Appropriate Box if a Member of a Group

  (a)  ☒        (b)  ☐

 

  3  

  SEC Use Only

 

  4  

  Source of Funds (See Instructions)

 

  OO

  5  

  Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

 

  ☐

  6  

  Citizenship or Place of Organization

 

  United States

NUMBER OF

SHARES

 BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7    

  Sole Voting Power

 

  67,550

     8  

  Shared Voting Power

 

  156,067

     9  

  Sole Dispositive Power

 

  67,550

   10  

  Shared Dispositive Power

 

  156,067

11    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  223,617

12  

  Check if the Aggregate Amount in Row (11) Excludes Certain Shares

 

  ☐

13  

  Percent of Class Represented by Amount in Row (11)

 

  2.2%

14  

  Type of Reporting Person

 

  IN


CUSIP No. 45580R103    13D    Page 7 of 53 pages

 

  1    

  Names of Reporting Persons

 

  David M. Danziger

  2  

  Check the Appropriate Box if a Member of a Group

  (a)  ☒        (b)  ☐

 

  3  

  SEC Use Only

 

  4  

  Source of Funds (See Instructions)

 

  OO

  5  

  Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

 

  ☐

  6  

  Citizenship or Place of Organization

 

  United States

NUMBER OF

SHARES

 BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7    

  Sole Voting Power

 

  13,338

     8  

  Shared Voting Power

 

  66,640

     9  

  Sole Dispositive Power

 

  13,338

   10  

  Shared Dispositive Power

 

  66,640

11    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  79,978

12  

  Check if the Aggregate Amount in Row (11) Excludes Certain Shares

 

  ☐

13  

  Percent of Class Represented by Amount in Row (11)

 

  0.8%

14  

  Type of Reporting Person

 

  IN


CUSIP No. 45580R103    13D    Page 8 of 53 pages

 

  1    

  Names of Reporting Persons

 

  John L. Ernst

  2  

  Check the Appropriate Box if a Member of a Group

  (a)  ☒        (b)  ☐

 

  3  

  SEC Use Only

 

  4  

  Source of Funds (See Instructions)

 

  OO

  5  

  Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

 

  ☐

  6  

  Citizenship or Place of Organization

 

  United States

NUMBER OF

SHARES

 BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7    

  Sole Voting Power

 

  4,751

     8  

  Shared Voting Power

 

  240,607

     9  

  Sole Dispositive Power

 

  4,751

   10  

  Shared Dispositive Power

 

  240,607

11    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  245,358

12  

  Check if the Aggregate Amount in Row (11) Excludes Certain Shares

 

  ☐

13  

  Percent of Class Represented by Amount in Row (11)

 

  2.4%

14  

  Type of Reporting Person

 

  IN


CUSIP No. 45580R103    13D    Page 9 of 53 pages

 

  1    

  Names of Reporting Persons

 

  Margot P. Ernst

  2  

  Check the Appropriate Box if a Member of a Group

  (a)  ☒        (b)  ☐

 

  3  

  SEC Use Only

 

  4  

  Source of Funds (See Instructions)

 

  OO

  5  

  Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

 

  ☐

  6  

  Citizenship or Place of Organization

 

  United States

NUMBER OF

SHARES

 BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7    

  Sole Voting Power

 

  0

     8  

  Shared Voting Power

 

  245,358

   & #xA0; 9  

  Sole Dispositive Power

 

  0

   10  

  Shared Dispositive Power

 

  245,358

11    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  245,358

12  

  Check if the Aggregate Amount in Row (11) Excludes Certain Shares

 

  ☐

13  

  Percent of Class Represented by Amount in Row (11)

 

  2.4%

14  

  Type of Reporting Person

 

  IN


CUSIP No. 45580R103    13D    Page 10 of 53 pages

 

  1    

  Names of Reporting Persons

 

  Alexandra Ernst

  2  

  Check the Appropriate Box if a Member of a Group

  (a)  ☒        (b)  ☐

 

  3  

  SEC Use Only

 

  4  

  Source of Funds (See Instructions)

 

  OO

  5  

  Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

 

  ☐

  6  

  Citizenship or Place of Organization

 

  United States

NUMBER OF

SHARES

 BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7    

  Sole Voting Power

 

  1,575

     8  

  Shared Voting Power

 

  0

     9  

  Sole Dispositive Power

 

  1,575

   10  

  Shared Dispositive Power

 

  0

11    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  1,575

12  

  Check if the Aggregate Amount in Row (11) Excludes Certain Shares

 

  ☐

13  

  Percent of Class Represented by Amount in Row (11)

 

  Less than 0.1%

14  

  Type of Reporting Person

 

  IN


CUSIP No. 45580R103    13D    Page 11 of 53 pages

 

  1    

  Names of Reporting Persons

 

  B. Bros. Realty LLC

  2  

  Check the Appropriate Box if a Member of a Group

  (a)  ☒        (b)  ☐

 

  3  

  SEC Use Only

 

  4  

  Source of Funds (See Instructions)

 

  OO

  5  

  Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

 

  ☐

  6  

  Citizenship or Place of Organization

 

  New York

NUMBER OF

SHARES

 BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7    

  Sole Voting Power

 

  237,882

     8  

  Shared Voting Power

 

  0

     9  

  Sole Dispositive Power

 

  237,882

   10  

  Shared Dispositive Power

 

  0

11    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  237,882

12  

  Check if the Aggregate Amount in Row (11) Excludes Certain Shares

 

  ☐

13  

  Percent of Class Represented by Amount in Row (11)

 

  2.3%

14  

  Type of Reporting Person

 

  OO


CUSIP No. 45580R103    13D    Page 12 of 53 pages

 

  1    

  Names of Reporting Persons

 

  Matthew L. Ernst

  2  

  Check the Appropriate Box if a Member of a Group

  (a)  ☒        (b)  ☐

 

  3  

  SEC Use Only

 

  4  

  Source of Funds (See Instructions)

 

  OO

  5  

  Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

 

  ☐

  6  

  Citizenship or Place of Organization

 

  United States

NUMBER OF

SHARES

 BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7    

  Sole Voting Power

 

  1,271

     8  

  Shared Voting Power

 

  203

     9  

  Sole Dispositive Power

 

  1,271

   10  

  Shared Dispositive Power

 

  203

11    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  1,474

12  

  Check if the Aggregate Amount in Row (11) Excludes Certain Shares

 

  ☐

13  

  Percent of Class Represented by Amount in Row (11)

 

  Less than 0.1%

14  

  Type of Reporting Person

 

  IN

 


CUSIP No. 45580R103    13D    Page 13 of 53 pages

 

  1    

  Names of Reporting Persons

 

  Rebecca D. Gamzon

  2  

  Check the Appropriate Box if a Member of a Group

  (a)  ☒        (b)  ☐

 

  3  

  SEC Use Only

 

  4  

  Source of Funds (See Instructions)

 

  OO

  5  

  Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

 

  ☐

  6  

  Citizenship or Place of Organization

 

  United States

NUMBER OF

SHARES

 BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7    

  Sole Voting Power

 

  10,734

     8  

  Shared Voting Power

 

  141,307

     9  

  Sole Dispositive Power

 

  10,734

   10  

  Shared Dispositive Power

 

  141,307

11    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  152,041

12  

  Check if the Aggregate Amount in Row (11) Excludes Certain Shares

 

  ☐

13  

  Percent of Class Represented by Amount in Row (11)

 

  1.5%

14  

  Type of Reporting Person

 

  IN

 


CUSIP No. 45580R103    13D    Page 14 of 53 pages

 

  1    

  Names of Reporting Persons

 

  Edgar M. Cullman III

  2  

  Check the Appropriate Box if a Member of a Group

  (a)  ☒        (b)  ☐

 

  3  

  SEC Use Only

 

  4  

  Source of Funds (See In structions)

 

  OO

  5  

  Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

 

  ☐

  6  

  Citizenship or Place of Organization

 

  United States

NUMBER OF

SHARES

 BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7    

  Sole Voting Power

 

  11,455

     8  

  Shared Voting Power

 

  0

     9  

  Sole Dispositive Power

 

  11,455

   10  

  Shared Dispositive Power

 

  0

11    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  11,455

12  

  Check if the Aggregate Amount in Row (11) Excludes Certain Shares

 

  ☐

13  

  Percent of Class Represented by Amount in Row (11)

 

  0.1%

14  

  Type of Reporting Person

 

  IN

 


CUSIP No. 45580R103    13D    Page 15 of 53 pages

 

  1    

  Names of Reporting Persons

 

  Carolyn B. Sicher

  2  

  Check the Appropriate Box if a Member of a Group

  (a)  ☒        (b)  ☐

 

  3  

  SEC Use Only

 

  4  

  Source of Funds (See Instructions)

 

  OO

  5  

  Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

 

  ☐

  6  

  Citizenship or Place of Organization

 

  United States

NUMBER OF

SHARES

 BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7    

  Sole Voting Power

 

  21,796

     8  

  Shared Voting Power

 

  0

     9  

  Sole Dispositive Power

 

  21,796

   10  

  Shared Dispositive Power

 

  0

11    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  21,796

12  

  Check if the Aggregate Amount in Row (11) Excludes Certain Shares

 

  ☐

13  

  Percent of Class Represented by Amount in Row (11)

 

  0.2%

14  

  Type of Reporting Person

 

  IN

 


CUSIP No. 45580R103    13D    Page 16 of 53 pages

 

  1    

  Names of Reporting Persons

 

  Samuel B. Cullman

  2  

  Check the Appropriate Box if a Member of a Group

  (a)  ☒        (b)  ☐

 

  3  

  SEC Use Only

 

  4  

  Source of Funds (See Instructions)

 

  OO

  5  

  Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

 

  ☐

  6  

  Citizenship or Place of Organization

 

  United States

NUMBER OF

SHARES

 BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7    

  Sole Voting Power

 

  13,831

     8  

  Shared Voting Power

 

  0

     9  

  Sole Dispositive Power

 

  13,831

   10  

  Shared Dispositive Power

 

  0

11    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  13,831

12  

  Check if the Aggregate Amount in Row (11) Excludes Certain Shares

 

  ☐

13  

  Percent of Class Represented by Amount in Row (11)

 

  0.1%

14  

  Type of Reporting Person

 

  IN

 


CUSIP No. 45580R103    13D    Page 17 of 53 pages

 

  1    

  Names of Reporting Persons

 

  Jessica P. Kerns

  2  

  Check the Appropriate Box if a Member of a Group

  (a)  ☒        (b)  ☐

 

  3  

  SEC Use Only

 

  4  

  Source of Funds (See Instructions)

 

  OO

  5  

  Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

 

  ☐

  6  

  Citizenship or Place of Organization

 

  United States

NUMBER OF

SHARES

 BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7     

  Sole Voting Power

 

  1,271

     8   

  Shared Voting Power

 

  0

     9   

  Sole Dispositive Power

 

  1,271

   10   

  Shared Dispositive Power

 

  0

11    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  1,271

12  

  Check if the Aggregate Amount in Row (11) Excludes Certain Shares

 

  ☐

13  

  Percent of Class Represented by Amount in Row (11)

 

  Less than 0.1%

14  

  Type of Reporting Person

 

  IN


CUSIP No. 45580R103    13D    Page 18 of 53 pages

 

  1    

  Names of Reporting Persons

 

  Georgina D. Cullman

  2  

  Check the Appropriate Box if a Member of a Group

  (a)  ☒        (b)  ☐

 

  3  

  SEC Use Only

 

  4  

  Source of Funds (See Instructions)

 

  OO

  5  

  Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

 

  ☐

  6  

  Citizenship or Place of Organization

 

  United States

NUMBER OF

SHARES

 BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7     

  Sole Voting Power

 

  9,717

     8   

  Shared Voting Power

 

  0

     9   

  Sole Dispositive Power

 

  9,717

   10   

  Shared Dispositive Power

 

  0

11    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  9,717

12  

  Check if the Aggregate Amount in Row (11) Excludes Certain Shares

 

  ☐

13  

  Percent of Class Represented by Amount in Row (11)

 

  0.1%

14  

  Type of Reporting Person

 

  IN


CUSIP No. 45580R103    13D    Page 19 of 53 pages

 

  1    

  Names of Reporting Persons

 

  Michael S. Gamzon

  2  

  Check the Appropriate Box if a Member of a Group

  (a)  ☒        (b)  ☐

 

  3  

  SEC Use Only

 

  4  

  Source of Funds (See Instructions)

 

  OO

  5  

  Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

 

  ☐

  6  

  Citizenship or Place of Organization

 

  United States

NUMBER OF

SHARES

 BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7     

  Sole Voting Power

 

  78,753

     8   

  Shared Voting Power

 

  73,288

     9   

  Sole Dispositive Power

 

  78,753

   10   

  Shared Dispositive Power

 

  73,288

11    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  152,041

12  

  Check if the Aggregate Amount in Row (11) Excludes Certain Shares

 

  ☐

13  

  Percent of Class Represented by Amount in Row (11)

 

  1.5%

14  

  Type of Reporting Person

 

  IN


CUSIP No. 45580R103    13D    Page 20 of 53 pages

 

  1    

  Names of Reporting Persons

 

  Richard M. Danziger

  2  

  Check the Appropriate Box if a Member of a Group

  (a)  ☒        (b)  ☐

 

  3  

  SEC Use Only

 

  4  

  Source of Funds (See Instructions)

 

  OO

  5  

  Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

 

  ☐

  6  

  Citizenship or Place of Organization

 

  United States

NUMBER OF

SHARES

 BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7     

  Sole Voting Power

 

  0

     8   

  Shared Voting Power

 

  69,290

     9   

  Sole Dispositive Power

 

  0

   10   

  Shared Dispositive Power

 

  69,290

11    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  69,290

12  

  Check if the Aggregate Amount in Row (11) Excludes Certain Shares

 

  ☐

13  

  Percent of Class Represented by Amount in Row (11)

 

  0.7%

14  

  Type of Reporting Person

 

  IN


CUSIP No. 45580R103    13D    Page 21 of 53 pages

 

  1    

  Names of Reporting Persons

 

  Estate of Louise B. Cullman

  2  

  Check the Appropriate Box if a Member of a Group

  (a)  ☒        (b)  ☐

 

  3  

  SEC Use Only

 

  4  

  Source of Funds (See Instructions)

 

  OO

  5  

  Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

 

  ☐

  6  

  Citizenship or Place of Organization

 

  United States

NUMBER OF

SHARES

 BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7     

  Sole Voting Power

 

  7,038

     8   

  Shared Voting Power

 

  0

     9   

  Sole Dispositive Power

 

  7,038

   10   

  Shared Dispositive Power

 

  0

11    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  7,038

12  

  Check if the Aggregate Amount in Row (11) Excludes Certain Shares

 

  ☐

13  

  Percent of Class Represented by Amount in Row (11)

 

  Less than 0.1%

14  

  Type of Reporting Person

 

  OO


CUSIP No. 45580R103    13D    Page 22 of 53 pages

 

  1    

  Names of Reporting Persons

 

  Dorothy P. Ernst

  2  

  Check the Appropriate Box if a Member of a Group

  (a)  ☒        (b)  ☐

 

  3  

  SEC Use Only

 

  4  

  Source of Funds (See Instructions)

 

  OO

  5  

  Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

 

  ☐

  6  

  Citizenship or Place of Organization

 

  United States

NUMBER OF

SHARES

 BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7    

  Sole Voting Power

 

  0

     8  

  Shared Voting Power

 

  2,725

     9  

  Sole Dispositive Power

 

  0

   10  

  Shared Dispositive Power

 

  2,725

11    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  2,725

12  

  Check if the Aggregate Amount in Row (11) Excludes Certain Shares

 

  ☐

13  

  Percent of Class Represented by Amount in Row (11)

 

  Less than 0.1%

14  

  Type of Reporting Person

 

  IN


CUSIP No. 45580R103    13D    Page 23 of 53 pages

 

  1    

  Names of Reporting Persons

 

  Cooper S. Siegel

  2  

  Check the Appropriate Box if a Member of a Group

  (a)  ☒        (b)  ☐

 

  3  

  SEC Use Only

 

  4  

  Source of Funds (See Instructions)

 

  OO

  5  

  Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

 

  ☐

  6  

  Citizenship or Place of Organization

 

  United States

NUMBER OF

SHARES

 BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7    

  Sole Voting Power

 

  0

     8  

  Shared Voting Power

 

  203

     9  

  Sole Dispositive Power

 

  0

   10  

  Shared Dispositive Power

 

  203

11    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  203

12  

  Check if the Aggregate Amount in Row (11) Excludes Certain Shares

 

  ☐

13  

  Percent of Class Represented by Amount in Row (11)

 

  Less than 0.1%

14  

  Type of Reporting Person

 

  IN


CUSIP No. 45580R103    13D    Page 24 of 53 pages

 

  1    

  Names of Reporting Persons

 

  Jonah Ernst

  2  

  Check the Appropriate Box if a Member of a Group

  (a)  ☒        (b)  ☐

 

  3  

  SEC Use Only

 

  4  

  Source of Funds (See Instructions)

 

  OO

  5  

  Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

 

  ☐

  6  

  Citizenship or Place of Organization

 

  United States

NUMBER OF

SHARES

 BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7    

  Sole Voting Power

 

  0

     8  

  Shared Voting Power

 

  203

     9  

  Sole Dispositive Power

 

  0

   10  

  Shared Dispositive Power

 

  203

11    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  203

12  

  Check if the Aggregate Amount in Row (11) Excludes Certain Shares

 

  ☐

13  

  Percent of Class Represented by Amount in Row (11)

 

  Less than 0.1%

14  

  Type of Reporting Person

 

  IN


CUSIP No. 45580R103    13D    Page 25 of 53 pages

 

  1    

  Names of Reporting Persons

 

  Odessa Ernst

  2  

  Check the Appropriate Box if a Member of a Group

  (a)  ☒        (b)  ☐

 

  3  

  SEC Use Only

 

  4  

  Source of Funds (See Instructions)

 

  OO

  5  

  Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

 

  ☐

  6  

  Citizenship or Place of Organization

 

  United States

NUMBER OF

SHARES

 BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7    

  Sole Voting Power

 

  0

     8  

  Shared Voting Power

 

  203

     9  

  Sole Dispositive Power

 

  0

   10  

  Shared Dispositive Power

 

  203

11    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  203

12  

  Check if the Aggregate Amount in Row (11) Excludes Certain Shares

 

  ☐

13  

  Percent of Class Represented by Amount in Row (11)

 

  Less than 0.1%

14  

  Type of Reporting Person

 

  IN


CUSIP No. 45580R103    13D    Page 26 of 53 pages

 

  1    

  Names of Reporting Persons

 

  Sunaina L. Danziger

  2  

  Check the Appropriate Box if a Member of a Group

  (a)  ☒        (b)  ☐

 

  3  

  SEC Use Only

 

  4  

  Source of Funds (See Instructions)

 

  OO

  5  

  Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

 

  ☐

  6  

  Citizenship or Place of Organization

 

  United States

NUMBER OF

SHARES

 BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7    

  Sole Voting Power

 

  0

     8  

  Shared Voting Power

 

  15,617

     9  

  Sole Dispositive Power

 

  0

   10  

  Shared Dispositive Power

 

  15,617

11    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  15,617

12  

  Check if the Aggregate Amount in Row (11) Excludes Certain Shares

 

  ☐

13  

  Percent of Class Represented by Amount in Row (11)

 

  0.2%

14  

  Type of Reporting Person

 

  IN

 


CUSIP No. 45580R103    13D    Page 27 of 53 pages

 

  1    

  Names of Reporting Persons

 

  Sameena J. Danziger

  2  

  Check the Appropriate Box if a Member of a Group

  (a)  ☒        (b)  ☐

 

  3  

  SEC Use Only

 

  4  

  Source of Funds (See Instructions)

 

  OO

  5  

  Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

 

  ☐

  6  

  Citizenship or Place of Organization

 

  United States

NUMBER OF

SHARES

 BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7     

  Sole Voting Power

 

  0

     8   

  Shared Voting Power

 

  15,617

     9   

  Sole Dispositive Power

 

  0

   10   

  Shared Dispositive Power

 

  15,617

11    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  15,617

12  

  Check if the Aggregate Amount in Row (11) Excludes Certain Shares

 

  ☐

13  

  Percent of Class Represented by Amount in Row (11)

 

  0.2%

14  

  Type of Reporting Person

 

  IN


CUSIP No. 45580R103    13D    Page 28 of 53 pages

 

  1    

  Names of Reporting Persons

 

  Sarah D. Gamzon

  2  

  Check the Appropriate Box if a Member of a Group

  (a)   ☒        (b)  ☐

 

  3  

  SEC Use Only

 

  4  

  Source of Funds (See Instructions)

 

  OO

  5  

  Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

 

  ☐

  6  

  Citizenship or Place of Organization

 

  United States

NUMBER OF

SHARES

 BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7     

  Sole Voting Power

 

  0

     8   

  Shared Voting Power

 

  14,148

     9   

  Sole Dispositive Power

 

  0

   10   

  Shared Dispositive Power

 

  14,148

11    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  14,148

12  

  Check if the Aggregate Amount in Row (11) Excludes Certain Shares

 

  ☐

13  

  Percent of Class Represented by Amount in Row (11)

 

  0.1%

14  

  Type of Reporting Person

 

  IN


CUSIP No. 45580R103    13D    Page 29 of 53 pages

 

  1    

  Names of Reporting Persons

 

  Andrew B. Gamzon

  2  

  Check the Appropriate Box if a Member of a Group

  (a)  ☒        (b)  ☐

 

  3  

  SEC Use Only

 

  4  

  Source of Funds (See Instructions)

 

  OO

  5  

  Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

 

  ☐

  6  

  Citizenship or Place of Organization

 

  United States

NUMBER OF

SHARES

 BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7     

  Sole Voting Power

 

  0

     8   

  Shared Voting Power

 

  17,552

     9   

  Sole Dispositive Power

 

  0

   10   

  Shared Dispositive Power

 

  17,552

11    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  17,552

12  

  Check if the Aggregate Amount in Row (11) Excludes Certain Shares

 

  ☐

13  

  Percent of Class Represented by Amount in Row (11)

 

  0.2%

14  

  Type of Reporting Person

 

  IN


CUSIP No. 45580R103    13D    Page 30 of 53 pages

 

  1    

  Names of Reporting Persons

 

  Benjamin C. Stewart

  2  

  Check the Appropriate Box if a Member of a Group

  (a)  ☒        (b)  ☐

 

  3  

  SEC Use Only

 

  4  

  Source of Funds (See Instructions)

 

  OO

  5  

  Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

 

  ☐

  6  

  Citizenship or Place of Organization

 

  United States

NUMBER OF

SHARES

 BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7     

  Sole Voting Power

 

  6,100

     8   

  Shared Voting Power

 

  0

     9   

  Sole Dispositive Power

 

  6,100

   10   

  Shared Dispositive Power

 

  0

11    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  6,100

12  

  Check if the Aggregate Amount in Row (11) Excludes Certain Shares

 

  ☐

13  

  Percent of Class Represented by Amount in Row (11)

 

  Less than 0.1%

14  

  Type of Reporting Person

 

  IN


CUSIP No. 45580R103    13D    Page 31 of 53 pages

 

Explanatory Note

This Amendment No. 6 (“Amendment No. 6”) 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 4.

Purpose of Transaction.

Item 4 of the Schedule 13D is hereby amended and supplemented as follows:

Voting Agreement

On February 22, 2023, concurrently with the execution and delivery of an Agreement and Plan of Merger (the “Merger Agreement”), by and among the Issuer, IR Parent, LLC (“Parent”) and IR Merger Sub II, Inc. (“Merger Sub”), pursuant to which Merger Sub will merge with and into the Issuer (the “Merger”) with the Issuer surviving as a wholly owned subsidiary of Parent, each of Michael S. Gamzon, Rebecca D. Gamzon, Frederick M. Danziger, and Lucy C. Danziger, in their individual capacities and as trustees of certain trusts named therein (collectively, the “Subject Stockholders”) entered into separate voting agreements (the “Voting Agreements”) with Parent. Pursuant to the terms of the Voting Agreements, the Subject Stockholders agreed, among other things, to vote certain issued and outstanding Common Stock currently beneficially owned or thereafter acquired by the Subject Stockholders (the “Subject Shares”) (i) in favor of the approval of the Merger (as defined in the Merger Agreement”) and any other matters necessary or reasonably requested by Parent for the consummation of the Merger and the other transactions contemplated thereby, (ii) any proposal to adjourn or postpone such meeting of stockholders of the Issuer to a later date if necessary, (iii) against any Competing Proposal or Alternative Acquisition Proposal (each as defined in the Merger Agreement) or the transactions contemplated thereby, and (iv) against or any other stockholder proposal that would reasonable be expected to prevent, materially delay or materially adversely affect the consummation of the Merger, in each case subject to the limitations set forth in the Voting Agreement.

Subject to certain exceptions, the Voting Agreements prohibit certain transfers by the Subject Stockholders of any of the Subject Shares prior to the Stockholder Approval (as defined in the Merger Agreement) and certain other actions that would impair the ability of the Subject Stockholders to fulfill their respective obligations under the respective Voting Agreements. The Voting Agreements also contain non-solicitation covenants with respect to alternative transactions generally similar to those contained in the Merger Agreement with respect to the Issuer.


CUSIP No. 45580R103    13D    Page 32 of 53 pages

 

The Voting Agreements terminate automatically on the earliest to occur of (i) the effective time of the Merger, (ii) the delivery of written notice by the Company to Parent of an Adverse Recommendation Change (as defined in the Merger Agreement) made in compliance with the Merger Agreement, (iii) certain amendments or waivers of the Merger Agreement without the Subject Stockholders’ prior consent, (iv) the termination of the Merger Agreement and (v) mutual written consent of the parties to such Voting Agreement.

The foregoing description of the Voting Agreements does not purport to be complete and is qualified in its entirety by the full text of such agreement, a form of which is attached as an exhibit to this Schedule 13D and incorporated herein by reference.

 

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 10,192,416 shares of Common Stock outstanding as of November 3, 2022, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the SEC on November 8, 2022.

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, David M. Danziger and Michael S. Gamzon include 7,024, 1,067, 1,381 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 d ays of the date hereof.

(c) During the past 60 days, none of the Reporting Persons effected any transactions in the Common Stock.

(d) To the best knowledge of the Reporting Persons, no one other than the Reporting Persons, or the partners, members, affiliates or shareholders of the Reporting Persons, has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Common Stock reported herein as beneficially owned by the Reporting Persons.

(e) Not applicable.

 

Item 6.

Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.

Item 6 of the Schedule 13D is hereby amended and supplemented as follows:


CUSIP No. 45580R103    13D    Page 33 of 53 pages

 

Item 4 above summarizes certain provisions of the Voting Agreements and is incorporated herein by reference. A copy of the form of such agreements is attached as an exhibit to this Schedule 13D, and is incorporated herein by reference.

Other than as stated above, none of the Reporting Persons or Related Persons has any contracts, arrangements, understandings or relationships (legal or otherwise) with any person with respect to any securities of the Issuer, including but not limited to any contracts, arrangements, understandings or relationships concerning the transfer or voting of such securities, finder’s fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, division of profits or losses, or the giving or withholding of proxies.

 

Item 7.

Materials to be Filed as Exhibits.

Item 7 of the Schedule 13D is hereby amended and restated in its entirety as follows:

 

Exhibit
Number
  

Description

1    Joint Filing Agreement, by and among the Reporting Persons (previously filed).
2    Form of Voting Agreement (incorporated by reference to Exhibit 99.2 to the Issuer’s Current Report on Form 8-K filed with the SEC on February 22, 2023).


CUSIP No. 45580R103    13D    Page 34 of 53 pages

 

SIGNATURES

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date: February 22, 2023

 

/s/ Edgar M. Cullman, Jr.

Edgar M. Cullman, Jr.

/s/ Elissa F. Cullman

Elissa F. Cullman

/s/ Susan R. Cullman

Susan R. Cullman

/s/ Edgar M. Cullman, III

Edgar M. Cullman, III

/s/ Samuel B. Cullman

Samuel B. Cullman

/s/ Georgina D. Cullman

Georgina D. Cullman

/s/ Frederick M. Danziger

Frederick M. Danziger

/s/ Lucy C. Danziger

Lucy C. Danziger

/s/ David M. Danziger

David M. Danziger

/s/ Richard M. Danziger

Richard M. Danziger

/s/ Sunaina L. Danziger

Sunaina L. Danziger

/s/ Sameena J. Danziger

Sameena J. Danziger

/s/ John L. Ernst

John L. Ernst


CUSIP No. 45580R103    13D    Page 35 of 53 pages

 

/s/ Margot P. Ernst

Margot P. Ernst

/s/ John L. Ernst, on behalf of Dorothy P. Ernst

Dorothy P. Ernst

/s/ Alexandra Ernst

Alexandra Ernst

/s/ Cooper S. Siegel

Cooper S. Siegel

/s/ Jessica P. Kerns

Jessica P. Kerns

/s/ Matthew L. Ernst

Matthew L. Ernst

/s/ Jonah Ernst

Jonah Ernst

/s/ Odessa J. Ernst

Odessa J. Ernst

/s/ Michael S. Gamzon

Michael S. Gamzon

/s/ Rebecca D. Gamzon

Rebecca D. Gamzon

/s/ Sarah D. Gamzon

Sarah D. Gamzon

/s/ Michael S. Gamzon, on behalf of Andrew B. Gamzon

Andrew B. Gamzon

/s/ Benjamin C. Stewart

Benjamin C. Stewart

/s/ Carolyn B. Sicher

Carolyn B. Sicher


CUSIP No. 45580R103    13D    Page 36 of 53 pages

 

Estate of Louise B. Cullman
By:  

/s/ Edgar M. Cullman, Jr.

Name: Edgar M. Cullman, Jr.
Title: Trustee
Estate of Justus Heijmans
By:   /s/ Edgar M. Cullman, Jr.
Name: Edgar M. Cullman, Jr.
Title: Trustee
Edgar M. & Louise B. Cullman Foundation
By:   /s/ Edgar M. Cullman, Jr.
Name: Edgar M. Cullman, Jr.
Title: Trustee
B. Bros. Realty, LLC
By:   /s/ John L. Ernst
Name: John L. Ernst
Title: Managing Member
u/w/o Elsie B Paskus 3/8/91 Trust F/B/O Frederick M. Danziger Family
By:   /s/ Frederick M. Danziger
Name: Frederick M. Danziger
Title: Trustee
u/i/o Elsie B Paskus 8/26/64 Trust F/B/O Frederick M. Danziger
By:   /s/ Frederick M. Danziger
Name: Frederick M. Danziger
Title: Trustee
u/i/o Lucy Danziger 12/24/69 Trust F/B/O Rebecca D. Gamzon
By:   /s/ David M. Danziger
Name: David M. Danziger
Title: Trustee
u/i/o Edgar Cullman 12/26/72 Trust F/B/O David M. Danziger
By:   /s/ David M. Danziger
Name: David M. Danziger
Title: Trustee


CUSIP No. 45580R103    13D    Page 37 of 53 pages

 

u/i/o Edgar Cullman 12/26/72 Trust F/B/O Rebecca D. Gamzon
By:   /s/ Frederick M. Danziger
Name: Frederick M. Danziger
Title: Trustee
u/i/o Edgar M Cullman 12/23/76 Trust F/B/O Georgina D. Cullman
By:   /s/ Edgar M. Cullman, Jr.
Name: Edgar M. Cullman, Jr.
Title: Trustee
Georgina D. Cullman 2012 Family Trust (Edgar Cullman Jr. Grantor)
By:   /s/ Elissa F. Cullman
Name: Elissa F. Cullman
Title: Trustee
Trust F/B/O David M. Danziger
By:   /s/ David M. Danziger
Name: David M. Danziger
Title: Trustee
Andrew B Gamzon 2011 Trust (Frederick M. Danziger Grantor)
By:   /s/ David M. Danziger
Name: David M. Danziger
Title: Trustee
Sarah D Gamzon 2011 Trust (Frederick M. Danziger Grantor)
By:   /s/ David M. Danziger
Name: David M. Danziger
Title: Trustee


CUSIP No. 45580R103    13D    Page 38 of 53 pages

 

u/i/o Rita Bloomingdale 12/21/50 Trust F/B/O Lucy C Danziger
By:   /s/ David M. Danziger
Name: David M. Danziger
Title: Trustee
u/i/o Louise Cullman 3/23/55 Trust F/B/O David Danziger
By:   /s/ David M. Danziger
Name: David M. Danziger
Title: Trustee
u/i/o Louise Cullman 3/23/55 Trust F/B/O Rebecca Gamzon
By:   /s/ David M. Danziger
Name: David M. Danziger
Title: Trustee
u/i/o Edgar Cullman 3/23/55 Trust F/B/O David Danziger
By:   /s/ David M. Danziger
Name: David M. Danziger
Title: Trustee
u/i/o Edgar Cullman 3/23/55 Trust F/B/O Rebecca Gamzon
By:   /s/ David M. Danziger
Name: David M. Danziger
Title: Trustee
u/i/o Louise Cullman 6/30/54 Trust F/B/O David Danziger
By:   /s/ David M. Danziger
Name: David M. Danziger
Title: Trustee


CUSIP No. 45580R103    13D    Page 39 of 53 pages

 

u/i/o Louise Cullman 6/30/54 Trust F/B/O Rebecca Gamzon
By:   /s/ David M. Danziger
Name: David M. Danziger
Title: Trustee
u/i/o Samuel Bloomingdale and Rita Bloomingdale 1/10/50 Trust F/B/O Lucy C. Danziger
By:   /s/ David M. Danziger
Name: David M. Danziger
Title: Trustee
u/i/o Rita Bloomingdale 6/14/51 Trust F/B/O Lucy C. Danziger
By:   /s/ David M. Danziger
Name: David M. Danziger
Title: Trustee
Sunaina L Danziger 2011 Trust (Frederick M. Danziger Grantor)
By:   /s/ David M. Danziger
Name: David M. Danziger
Title: Trustee
Sameena J Danziger 2011 Trust (Frederick M. Danziger Grantor)
By:   /s/ David M. Danziger
Name: David M. Danziger
Title: Trustee
u/i/o Lucy Danziger 12/25/76 Trust F/B/O Rebecca D. Gamzon
By:   /s/ David M. Danziger
Name: David M. Danziger
Title: Trustee


CUSIP No. 45580R103 0;  13D    Page 40 of 53 pages

 

u/i/o Lucy Danziger 12/25/76 Trust F/B/O David M. Danziger
By:   /s/ David M. Danziger
Name: David M. Danziger
Title: Trustee
u/i/o Louise Cullman 1/6/53 Trust F/B/O David Danziger
By:   /s/ David M. Danziger
Name: David M. Danziger
Title: Trustee
u/i/o Louise Cullman 1/6/53 Trust F/B/O Rebecca Gamzon
By:   /s/ David M. Danziger
Name: David M. Danziger
Title: Trustee
u/i/o Edgar M Cullman 12/23/76 Trust F/B/O David M. Danziger
By:   /s/ David M. Danziger
Name: David M. Danziger
Title: Trustee
u/i/o Edgar M Cullman 12/23/76 Trust F/B/O Rebecca D. Gamzon
By:   /s/ David M. Danziger
Name: David M. Danziger
Title: Trustee
u/i/o Samuel Bloomingdale 8/2/55 Trust F/B/O David Danziger
By:   /s/ David M. Danziger
Name: David M. Danziger
Title: Trustee


CUSIP No. 45580R103    13D    Page 41 of 53 pages

 

u/i/o Samuel Bloomingdale 8/2/55 Trust F/B/O Rebecca Gamzon
By:   /s/ David M. Danziger
Name: David M. Danziger
Title: Trustee
u/w/o Frances W Cullman 7/23/59 Trust F/B/O Edgar M. Cullman, Jr.
By:   /s/ Edgar M. Cullman, Jr.
Name: Edgar M. Cullman, Jr.
Title: Trustee
u/w/o Frances W Cullman 7/23/59 Trust F/B/O Lucy C. Danziger
By:   /s/ Edgar M. Cullman, Jr.
Name: Edgar M. Cullman, Jr.
Title: Trustee
u/w/o Frances W Cullman 7/23/59 Trust F/B/O Susan R Cullman
By:   /s/ Edgar M. Cullman, Jr.
Name: Edgar M. Cullman, Jr.
Title: Trustee
Trust F/B/O Lucy C. Danziger
By:   /s/ Lucy C. Danziger
Name: Lucy C. Danziger
Title: Trustee
u/w/o Rita Bloomingdale 2/29/56 Trust F/B/O Desc of Lucy C Danziger
By:   /s/ Edgar M. Cullman, Jr.
Name: Edgar M. Cullman, Jr.
Title: Trustee


CUSIP No. 45580R103    13D    Page 42 of 53 pages

 

u/i/o Samuel Bloomingdale and Rita Bloomingdale 1/10/50 Trust F/B/O Susan R. Cullman
By:   /s/ Edgar M. Cullman, Jr.
Name: Edgar M. Cullman, Jr.
Title: Trustee
u/i/o Edgar Cullman and Louise B Cullman Trust F/B/O Susan R. Cullman
By:   /s/ Edgar M. Cullman, Jr.
Name: Edgar M. Cullman, Jr.
Title: Trustee
u/i/o Samuel Bloomingdale 12/21/50 Trust F/B/O Edgar M. Cullman Jr.
By:   /s/ Edgar M. Cullman, Jr.
Name: Edgar M. Cullman, Jr.
Title: Trustee
u/i/o Samuel Bloomingdale 12/21/50 Trust F/B/O Susan R Cullman
By:   /s/ Edgar M. Cullman, Jr.
Name: Edgar M. Cullman, Jr.
Title: Trustee
u/i/o Rita Bloomingdale 12/21/50 Trust F/B/O Edgar M. Cullman Jr
By:   /s/ Edgar M. Cullman, Jr.
Name: Edgar M. Cullman, Jr.
Title: Trustee
u/i/o Rita Bloomingdale 12/21/50 Trust F/B/O Susan R. Cullman
By:   /s/ Edgar M. Cullman, Jr.
Name: Edgar M. Cullman, Jr.
Title: Trustee


CUSIP No. 45580R103    13D    Page 43 of 53 pages

 

u/i/o Rita Bloomingdale 6/14/51 Trust F/B/O Edgar M Cullman Jr
By:   /s/ Edgar M. Cullman, Jr.
Name: Edgar M. Cullman, Jr.
Title: Trustee
u/i/o Rita Bloomingdale 6/14/51 Trust F/B/O Susan R Cullman
By:   /s/ Edgar M. Cullman, Jr.
Name: Edgar M. Cullman, Jr.
Title: Trustee
u/i/o Louise Cullman 1/6/53 Trust F/B/O Desc of Edgar M Cullman, Jr.
By:   /s/ Edgar M. Cullman, Jr.
Name: Edgar M. Cullman, Jr.
Title: Trustee
u/i/o Louise B. Cullman 6/305/54 Trust F/B/O Desc of Edgar M Cullman, Jr.
By:   /s/ Edgar M. Cullman, Jr.
Name: Edgar M. Cullman, Jr.
Title: Trustee
u/i/o Louise B. Cullman 6/30/54 Trust F/B/O Desc of Susan R. Cullman
By:   /s/ Edgar M. Cullman, Jr.
Name: Edgar M. Cullman, Jr.
Title: Trustee
u/i/o Edgar M. Cullman 3/23/55 Trust F/B/O Desc of Edgar M Cullman, Jr.
By:   /s/ Edgar M. Cullman, Jr.
Name: Edgar M. Cullman, Jr.
Title: Trustee


CUSIP No. 45580R103    13D    Page 44 of 53 pages

 

u/i/o Edgar M. Cullman 3/23/55 Trust F/B/O Desc of Susan R. Cullman
By:   /s/ Edgar M. Cullman, Jr.
Name: Edgar M. Cullman, Jr.
Title: Trustee
u/i/o Louise B. Cullman 3/23/55 Trust F/B/O Desc of Edgar M. Cullman, Jr.
By:   /s/ Edgar M. Cullman, Jr.
Name: Edgar M. Cullman, Jr.
Title: Trustee
u/i/o Louise B. Cullman 3/23/55 Trust F/B/O Desc of Susan R. Cullman
By:   /s/ Edgar M. Cullman, Jr.
Name: Edgar M. Cullman, Jr.
Title: Trustee
u/i/o Samuel J Bloomingdale 8/2/55 Trust F/B/O Desc of Susan R. Cullman
By:   /s/ Edgar M. Cullman, Jr.
Name: Edgar M. Cullman, Jr.
Title: Trustee
u/w/o Rita Bloomingdale 2/29/56 Trust F/B/O Desc of Edgar M Cullman, Jr.
By:   /s/ Edgar M. Cullman, Jr.
Name: Edgar M. Cullman, Jr.
Title: Trustee
u/w/o Rita Bloomingdale 2/29/56 Trust F/B/O Desc of Susan R. Cullman
By:   /s/ Edgar M. Cullman, Jr.
Name: Edgar M. Cullman, Jr.
Title: Trustee


CUSIP No. 45580R103    13D    Page 45 of 53 pages

 

u/i/o Edgar M Cullman Jr. 12/25/76 Trust F/B/O Edgar M. Cullman, III
By:   /s/ Elissa F. Cullman
Name: Elissa F. Cullman
Title: Trustee
u/i/o Edgar M Cullman Jr 12/25/76 Trust F/B/O Samuel B. Cullman
By:   /s/ Elissa F. Cullman
Name: Elissa F. Cullman
Title: Trustee
u/i/o Edgar M Cullman 12/23/76 Trust F/B/O Edgar M. Cullman, III
By:   /s/ Edgar M. Cullman, Jr.
Name: Edgar M. Cullman, Jr.
Title: Trustee
u/i/o Edgar M Cullman 12/23/76 Trust F/B/O Samuel B. Cullman
By:   /s/ Edgar M. Cullman, Jr.
Name: Edgar M. Cullman, Jr.
Title: Trustee
u/i/o Edgar M Cullman 12/23/76 Trust F/B/O Carolyn B. Sicher
By:   /s/ Edgar M. Cullman, Jr.
Name: Edgar M. Cullman, Jr.
Title: Trustee
u/i/o Elsie B Paskus 8/26/64 Trust F/B/O Richard M. Danziger
By:   /s/ Frederick M. Danziger
Name: Frederick M. Danziger
Title: Trustee


CUSIP No. 45580R103    13D    Page 46 of 53 pages

 

Trust F/B/O Desc of J. L. Ernst
By:   /s/ John L. Ernst
Name: John L. Ernst
Title: Trustee
LBC Article 7 Trust F/B/O SRC
By:   /s/ Edgar M. Cullman, Jr.
Name: Edgar M. Cullman, Jr.
Title: Trustee
LBC Article 7 Trust F/B/O DMD
By:   /s/ David M. Danziger
Name: David M. Danziger
Title: Trustee
LBC Article 7 Trust F/B/O RDG
By:   /s/ David M. Danziger
Name: David M. Danziger
Title: Trustee
LBC Article 7 Trust F/B/O EMC III
By:   /s/ Edgar M. Cullman, Jr.
Name: Edgar M. Cullman, Jr.
Title: Trustee
LBC Article 7 Trust F/B/O SBC
By:   /s/ Edgar M. Cullman, Jr.
Name: Edgar M. Cullman, Jr.
Title: Trustee
LBC Article 7 Trust F/B/O GDC
By:   /s/ Edgar M. Cullman, Jr.
Name: Edgar M. Cullman, Jr.
Title: Trustee


CUSIP No. 45580R103    13D    Page 47 of 53 pages

 

Trust F/B/O Dorothy P. Ernst
By:   /s/ John L. Ernst
Name: John L. Ernst
Title: Trustee
Trust F/B/O John L. Ernst
By:   /s/ John L. Ernst
Name: John L. Ernst
Title: Trustee
Trust F/B/O Dorothy P. Ernst
By:   /s/ John L. Ernst
Name: John L. Ernst
Title: Trustee
Trust F/B/O John L. Ernst
By:   /s/ John L. Ernst
Name: John L. Ernst
Title: Trustee
Trust F/B/O Desc of John L. Ernst
By:   /s/ John L. Ernst
Name: John L. Ernst
Title: Trustee
Trust F/B/O Desc of Carolyn S. Fabrici
By:   /s/ John L. Ernst
Name: John L. Ernst
Title: Trustee
Trust F/B/O Desc of Susan R. Cullman
By:   /s/ Edgar M. Cullman, Jr.
Name: Edgar M. Cullman, Jr.
Title: Trustee


CUSIP No. 45580R103    13D    Page 48 of 53 pages

 

Trust F/B/O Desc of John L. Ernst
By:   /s/ John L. Ernst
Name: John L. Ernst
Title: Trustee
Trust F/B/O Desc of Carolyn S. Fabrici
By:   /s/ John L. Ernst
Name: John L. Ernst
Title: Trustee
Trust F/B/O Desc of E.M. Cullman, Jr.
By:   /s/ Edgar M. Cullman, Jr.
Name: Edgar M. Cullman, Jr.
Title: Trustee
Trust F/B/O Desc of J.L. Ernst
By:   /s/ John L. Ernst
Name: John L. Ernst
Title: Trustee
Trust F/B/O Desc of C.S. Fabrici
By:   /s/ John L. Ernst
Name: John L. Ernst
Title: Trustee
Trust F/B/O Desc of J.L. Ernst
By:   /s/ John L. Ernst
Name: John L. Ernst
Title: Trustee
Trust F/B/O Desc of C.S. Fabrici
By:   /s/ Edgar M. Cullman, Jr.
Name: Edgar M. Cullman, Jr.
Title: Trustee


CUSIP No. 45580R103    13D    Page 49 of 53 pages

 

Trust F/B/O Carolyn B. Sicher
By:   /s/ Edgar M. Cullman, Jr.
Name: Edgar M. Cullman, Jr.
Title: Trustee
Trust F/B/O Desc of C. S. Fabrici
By:   /s/ Edgar M. Cullman, Jr.
Name: Edgar M. Cullman, Jr.
Title: Trustee
Trust F/B/O Desc of J. L. Ernst
By:   /s/ John L. Ernst
Name: John L. Ernst
Title: Trustee
u/w/o Joseph F Cullman 6/30/50 Trust F/B/O Susan R. Cullman
By:   /s/ David M. Danziger
Name: David M. Danziger
Title: Trustee
u/w/o Jo seph F Cullman 6/30/50 Trust F/B/O Edgar M. Cullman Jr.
By:   /s/ Edgar M. Cullman, Jr.
Name: Edgar M. Cullman, Jr.
Title: Trustee
u/w/o Joseph F Cullman 6/30/50 Trust F/B/O Lucy C. Danziger
By:   /s/ David M. Danziger
Name: David M. Danziger
Title: Trustee
D.M. Danziger Family 2021 Trust
By:   /s/ Rebecca D. Gamzon
Name: Rebecca D. Gamzon
Title: Trustee


CUSIP No. 45580R103    13D    Page 50 of 53 pages

 

SCHEDULE I

Reporting Persons Information

 

Name   

Present Principal Occupation or

Employment

   Total Number of Shares
of the Issuer’s Common
Stock Beneficially Held
     Percentage
of Class of
Issuer’s
Common
Stock
 

Estate of Louise B. Cullman

        7,038        *  

Edgar M. Cullman, Jr. (“EMC, Jr.”)

   Co-Managing Member of Culbro, LLC      110,644        1.1

Elissa F. Cullman (“EFC”)

   Interior Decorator      110,644        1.1

Susan R. Cullman (“SRC”)

        286,408        2.8

Lucy C. Danziger (“LCD”)

        223,617        2.2

Frederick M. Danziger (“FMD”)

   Director of Indus Realty Trust, Inc.      223,617        2.2

David M. Danziger (“DMD”)

   Investment Manager of Culbro, LLC      79,978        0.8

Sheena S. Danziger (“SD”)

        —          —    

Carolyn S. Fabrici (“CSF”)

        —          —    

Dorothy P. Ernst (JLE Guardian)

        2,725        *  

John L. Ernst (“JLE”)

  

Chairman & President

Bloomingdale Properties, Inc.

     245,358        2.4

Margot P. Ernst (“MPE”)

        245,358        2.4

Alexandra Ernst (“AE”)

   Writer      1,575        *  

Cooper S. Siegel

        203        *  

Jessica P. Kerns (“JPK”)

   Medical Doctor      1,271        *  

B. Bros. Realty, LLC (SRC and JLE Managing Members)

   Investor      237,882        2.3

Matthew L. Ernst (“MLE”)

   Screenwriter      1,474        *  

Jonah Ernst

   U.S. Marshal      203        *  

Odessa J. Ernst

   Student      203        *  

Rebecca D. Gamzon (“RDG”)

   Teacher      152,041        1.5

Michael S. Gamzon (“MSG”)

   President, Chief Executive Officer and Director of Indus Realty Trust, Inc.      152,041        1.5

Edgar M. Cullman, III (“EMC, III”)

   Director      11,455        0.1

Samuel B. Cullman (“SBC”)

   Film Director      13,831        0.1

Georgina D. Cullman (“GDC”)

   Environmental Curator      9,717        0.1

Carolyn B. Sicher (“CBS”)

   Therapist      21,796        0.2

Richard M. Danziger (“RMD”)

   Retired      69,290        0.7

Sunaina L. Danziger

   Student      15,617        0.2

Sameena J. Danziger

   Student      15,617        0.2

Sarah D. Gamzon

   Student      14,148        0.1

Andrew B. Gamzon

   Naval Officer      17,552        0.2

Benjamin C. Stewart (“BCS”)

        6,100        *  

u/w/o Elsie B Paskus 3/8/91 Trust F/B/O Frederick M. Danziger Family

        31,033        0.3

u/i/o Elsie B Paskus 8/26/64 Trust F/B/O Frederick M. Danziger

        35,205        0.4

u/i/o Lucy Danziger 12/24/69 Trust F/B/O Rebecca D. Gamzon

        23,198        0.2


CUSIP No. 45580R103    13D    Page 51 of 53 pages

 

u/i/o Edgar Cullman 12/26/72 Trust F/B/O David M. Danziger

                              18,111                  0.2

u/i/o Edgar Cullman 12/26/72 Trust F/B/O Rebecca D. Gamzon

        18,314        0.2

u/i/o Edgar M Cullman 12/23/76 Trust F/B/O Georgina D. Cullman

        20,349        0.2

Georgina D. Cullman 2012 Family Trust (Edgar Cullman Jr. Grantor)

        20,349        0.2

Trust F/B/O David M. Danziger

        12,743        0.1

Andrew B Gamzon 2011 Trust (Frederick M. Danziger Grantor)

        25,437        0.3

Sarah D Gamzon 2011 Trust (Frederick M. Danziger Grantor)

        25,437        0.3

u/i/o Rita Bloomingdale 12/21/50 Trust F/B/O Lucy C Danziger

        5,512        *  

u/i/o Louise Cullman 3/23/55 Trust F/B/O David Danziger

        3,561        *  

u/i/o Louise Cullman 3/23/55 Trust F/B/O Rebecca Gamzon

        3,561        *  

u/i/o Edgar Cullman 3/23/55 Trust F/B/O David Danziger

        5,509        *  

u/i/o Edgar Cullman 3/23/55 Trust F/B/O Rebecca Gamzon

        5,509        *  

u/i/o Louise Cullman 6/30/54 Trust F/B/O David Danziger

        13,198        0.1

u/i/o Louise Cullman 6/30/54 Trust F/B/O Rebecca Gamzon

        13,198        0.1

u/i/o Samuel Bloomingdale and Rita Bloomingdale 1/10/50 Trust F/B/O Lucy C. Danziger

        29,702        0.3

u/i/o Rita Bloomingdale 6/14/51 Trust F/B/O Lucy C. Danziger

        90,371        0.9

Sunaina L Danziger 2011 Trust (Frederick M. Danziger Grantor)

        25,437        0.3

Sameena J Danziger 2011 Trust (Frederick M. Danziger Grantor)

        25,437        0.3

u/i/o Lucy Danziger 12/25/76 Trust F/B/O Rebecca D. Gamzon

        3,255        *  

u/i/o Lucy Danziger 12/25/76 Trust F/B/O David M. Danziger

        3,255        *  

u/i/o Louise Cullman 1/6/53 Trust F/B/O David Danziger

        5,290        *  

u/i/o Louise Cullman 1/6/53 Trust F/B/O Rebecca Gamzon

        5,290        *  

u/i/o Edgar M Cullman 12/23/76 Trust F/B/O David M. Danziger

        16,279        0.2

u/i/o Edgar M Cullman 12/23/76 Trust F/B/O Rebecca D. Gamzon

        16,483        0.2

u/i/o Samuel Bloomingdale 8/2/55 Trust F/B/O David Danziger

        12,413        0.1

u/i/o Samuel Bloomingdale 8/2/55 Trust F/B/O Rebecca Gamzon

        12,413        0.1

u/w/o Frances W Cullman 7/23/59 Trust F/B/O Edgar M. Cullman, Jr.

        14,010        0.1

u/w/o Frances W Cullman 7/23/59 Trust F/B/O Lucy C. Danziger

        17,724        0.2


CUSIP No. 45580R103    13D    Page 52 of 53 pages

 

u/w/o Frances W Cullman 7/23/59 Trust F/B/O Susan R Cullman

                              20,364                  0.2

Trust F/B/O Lucy C. Danziger

        30,488        0.3

u/w/o Rita Bloomingdale 2/29/56 Trust F/B/O Desc of Lucy C Danziger

        19,564        0.2

u/i/o Samuel Bloomingdale and Rita Bloomingdale 1/10/50 Trust F/B/O Susan R. Cullman

        51,770        0.5

u/i/o Edgar Cullman and Louise B Cullman Trust F/B/O Susan R. Cullman

        13,953        0.1

u/i/o Samuel Bloomingdale 12/21/50 Trust F/B/O Edgar M. Cullman Jr.

        25,443        0.3

u/i/o Samuel Bloomingdale 12/21/50 Trust F/B/O Susan R Cullman

        26,454        0.3

u/i/o Rita Bloomingdale 12/21/50 Trust F/B/O Edgar M. Cullman Jr

        10,148        0.1

u/i/o Rita Bloomingdale 12/21/50 Trust F/B/O Susan R. Cullman

        6,959        *  

u/i/o Rita Bloomingdale 6/14/51 Trust F/B/O Edgar M Cullman Jr

        40,893        0.4

u/i/o Rita Bloomingdale 6/14/51 Trust F/B/O Susan R Cullman

        40,791        0.4

u/i/o Louise Cullman 1/6/53 Trust F/B/O Desc of Edgar M Cullman, Jr.

        39,657        0.4

u/i/o Louise B. Cullman 6/305/54 Trust F/B/O Desc of Edgar M Cullman, Jr.

        50,368        0.5

u/i/o Louise B. Cullman 6/30/54 Trust F/B/O Desc of Susan R. Cullman

        36,505        0.4

u/i/o Edgar M. Cullman 3/23/55 Trust F/B/O Desc of Edgar M Cullman, Jr.

        15,677        0.2

u/i/o Edgar M. Cullman 3/23/55 Trust F/B/O Desc of Susan R. Cullman

        14,448        0.1

u/i/o Louise B. Cullman 3/23/55 Trust F/B/O Desc of Edgar M. Cullman, Jr.

        12,336        0.1

u/i/o Louise B. Cullman 3/23/55 Trust F/B/O Desc of Susan R. Cullman

        13,837        0.1

u/i/o Samuel J Bloomingdale 8/2/55 Trust F/B/O Desc of Susan R. Cullman

        38,626        0.4

u/w/o Rita Bloomingdale 2/29/56 Trust F/B/O Desc of Edgar M Cullman, Jr.

        20,687        0.2

u/w/o Rita Bloomingdale 2/29/56 Trust F/B/O Desc of Susan R. Cullman

        17,490        0.2

Edgar M. & Louise B. Cullman Foundation

        70,418        0.7

u/i/o Edgar M Cullman Jr. 12/25/76 Trust F/B/O Edgar M. Cullman, III

        7,325        *  

u/i/o Edgar M Cullman Jr 12/25/76 Trust F/B/O Samuel B. Cullman

        7,325        *  

u/i/o Edgar M Cullman 12/23/76 Trust F/B/O Edgar M. Cullman, III

        20,756        0.2

u/i/o Edgar M Cullman 12/23/76 Trust F/B/O Samuel B. Cullman

        20,756        0.2

u/i/o Edgar M Cullman 12/23/76 Trust F/B/O Carolyn B. Sicher

        16,279        0.2


CUSIP No. 45580R103    13D    Page 53 of 53 pages

 

u/i/o Elsie B Paskus 8/26/64 Trust F/B/O Richard M. Danziger

        3,052        *  

Trust F/B/O Desc of J. L. Ernst

        7,588        *  

LBC Article 7 Trust F/B/O SRC

        10,143        0.1

LBC Article 7 Trust F/B/O DMD

        8,409        *  

LBC Article 7 Trust F/B/O RDG

        8,410        *  

LBC Article 7 Trust F/B/O EMC III

        3,381        *  

LBC Article 7 Trust F/B/O SBC

        3,381        *  

LBC Article 7 Trust F/B/O GDC

        3,381        *  

Trust F/B/O Dorothy P. Ernst

        4,043        *  

Trust F/B/O John L. Ernst

        1,119        *  

Trust F/B/O Dorothy P. Ernst

        4,043        *  

Trust F/B/O John L. Ernst

        3,134        *  

Trust F/B/O Desc of John L. Ernst

        4,440        *  

Trust F/B/O Desc of Carolyn S. Fabrici

        3,911        *  

Trust F/B/O Desc of Susan R. Cullman

                              26,743                  0.3

Trust F/B/O Desc of John L. Ernst

        2,625        *  

Trust F/B/O Desc of Carolyn S. Fabrici

        11,905        0.1

Trust F/B/O Desc of E.M. Cullman, Jr.

        34,849        0.3

Trust F/B/O Desc of J.L. Ernst

        3,249        *  

Trust F/B/O Desc of C.S. Fabrici

        3,587        *  

Trust F/B/O Desc of J.L. Ernst

        39,822        0.4

Trust F/B/O Desc of C.S. Fabrici

        39,822        0.4

Trust F/B/O Carolyn B. Sicher

        14,244        0.1

Trust F/B/O Desc of C. S. Fabrici

        2,034        *  

Trust F/B/O Desc of J. L. Ernst

        4,829        *  

u/w/o Joseph F Cullman 6/30/50 Trust F/B/O Susan R. Cullman

        10,665        0.1

u/w/o Joseph F Cullman 6/30/50 Trust F/B/O Edgar M. Cullman Jr.

        25,927        0.3

u/w/o Joseph F Cullman 6/30/50 Trust F/B/O Lucy C. Danziger

        34,069        0.3

D.M. Danziger Family 2021 Trust

        13,000        0.1

Estate of Justus Heijmans

        206        *  

* Less than 0.1%