Sec Form 4 Filing - Spodek Andrew @ Postal Realty Trust, Inc. - 2020-03-20

Insider filing report for Changes in Beneficial Ownership
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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
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person *
Spodek Andrew
2. Issuer Name and Ticker or Trading Symbol
Postal Realty Trust, Inc. [ PSTL]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director X __ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
CEO and Director
(Last)
(First)
(Middle)
C/O POSTAL REALTY TRUST, INC., 75 COLUMBIA AVENUE
3. Date of Earliest Transaction (MM/DD/YY)
03/20/2020
(Street)
CEDARHURST, NY11516
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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
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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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
LTIP Units ( 1 ) ( 2 ) 03/20/2020 A 13,708 ( 2 ) ( 2 ) Class A Common Stock 13,708 $ 0 ( 2 ) 13,708 D
Restricted Stock Units ( 3 ) ( 4 ) 03/20/2020 A 20,560 ( 4 ) ( 4 ) Class A Common Stock 20,560 $ 0 ( 4 ) 20,560 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Spodek Andrew
C/O POSTAL REALTY TRUST, INC.
75 COLUMBIA AVENUE
CEDARHURST, NY11516
X X CEO and Director
Signatures
/s/ Michael Fee, attorney-in-fact 03/24/2020
** Signature of Reporting Person Date
Explanation of Responses:
( 1 )The LTIP Units are a class of limited partnership units of Postal Realty, LP (the "Operating Partnership").
( 2 )The LTIP Units will vest ratably on the first, second and third anniversaries of December 31, 2019, subject to continued employment with Postal Realty Trust, Inc. (the "Issuer"). The LTIP Units are convertible by the Issuer into an equivalent number of units of the Operating Partnership ("OP Units"). OP Units are redeemable by the Reporting Person for, at the election of the Issuer, shares of Class A common stock of the Issuer on a one-for-one basis or the cash value of such shares. LTIP Units do not have expiration dates.
( 3 )The Reporting Person may earn up to 100% of the Restricted Stock Units granted.
( 4 )The Restricted Stock Units are market-based awards and are subject to and will vest upon achievement of performance-based hurdles relating to the Issuer's absolute total stockholder return and continued employment with the Issuer during the period from the grant date through December 31, 2022. Upon vesting, the Restricted Stock Units that vest will be settled in shares of Class A common stock and the Reporting Person will be entitled to receive the distributions that would have been paid with respect to each share of Class A common stock received upon settlement on or after the date the Restricted Stock Units were initially granted.

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).

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