ACADIA REALTY TRUST 4
4 · ACADIA REALTY TRUST · Filed May 12, 2017
Insider Transaction Report
Form 4
ZOBA C DAVID
Director
Transactions
- Award
Limited Partnership Units
2017-05-10+2,392→ 10,481 total - Award
Limited Partnership Units
2017-05-10+2,650→ 13,131 total
Footnotes (3)
- [F1]This grant was awarded in connection with the payment of annual Trustee fees. Trustees have the option to convert all or part of any cash payment due to them under the Trust Compensation Plan to restricted limited partnership units in Acadia Realty Limited Partnership (LTIP Units) with a vesting period of one year at a 10% discount to the preceding 20-day average share price from the date of issuance. These LTIP Units reflect the portion of Mr. Zoba's cash compensation that he elected to receive in LTIP Units and represent the number he was entitled to receive after giving effect to the 10% discount. These LTIP Units shall vest on May 9, 2018.
- [F2]This grant was awarded in connection with the payment of annual Trustee fees. These LTIP Units shall vest according to the following schedule: one-third shall vest on May 9, 2018, one-third shall vest on May 9, 2019 and the remaining third shall vest on May 9, 2020, pursuant to the Trust Compensation Plan.
- [F3]This number represents the total number of LTIP Units (5,255 vested and 7,876 unvested) now held by Mr. Zoba.