Sec Form 4 Filing - LUDWIG ALEXANDER @ PRESIDENTIAL REALTY CORP/DE/ - 2017-01-06

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 LUDWIG ALEXANDER 2. Issuer Name and Ticker or Trading Symbol PRESIDENTIAL REALTY CORP/DE/ [ PDNLB] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X __ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) See Remarks (Last) (First) (Middle) C/O PRESIDENTIAL REALTY CORPORATION,, 1430 BROADWAY, SUITE 503 3. Date of Earliest Transaction (MM/DD/YY) 01/06/2017 (Street) NEW YORK, NY10018 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 Class B Common Stock 01/06/2017 A 450,000 A $ 0.03 450,000 D

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 Option (Right to Buy) $ 0 01/06/2017 A 1 ( 1 ) ( 2 ) Class B Common Stock 550,000 $ 0 1 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other LUDWIG ALEXANDER C/O PRESIDENTIAL REALTY CORPORATION, 1430 BROADWAY, SUITE 503 NEW YORK, NY10018 X See Remarks Signatures /s/ Alexander Ludwig 01/10/2017 Signature of Reporting Person Date

Explanation of Responses:

( 1 )On January 6, 2017, Mr. Ludwig was granted an option to purchase the shares at a purchase price of $0.00 per share. ( 2 )The option will expire on the tenth anniversary following the grant date and is subject to certain conditions, which include (1) the Company has consummated an equity offering, capital raise or such other offering such that the issuance of any Class B Shares covered by such option would not be deemed "Excess Shares" as that term is defined in the certificate of incorporation of the Company, and (2) to the extent the Company deems it necessary in connection with the exercise of the option, the Company has obtained an opinion of counsel from a nationally recognized law firm to the effect that the issuance of Class B Shares subject to the option will not cause the Company to be treated as "closely held" within the meaning of Section 856(a)(6) of the Internal Revenue Code of 1986, as amended.

Remarks: President, Chief Operating Officer, Principal Financial Officer and Secretary. The filing of this Statement shall not be construed as an admission (a) that the person filing this Statement is, for the purposes of Section 16 of the Securities Exchange Act of 1934, as amended, the beneficial owner of any equity securities covered by this Statement, or (b) that this Statement is legally required to be filed by such person.

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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