POVINELLI JOSEPH 4
4 · ACADIA REALTY TRUST · Filed Oct 9, 2003
Insider Transaction Report
Form 4
POVINELLI JOSEPH
Sr. Vice President
Transactions
- Award
Common Shares of Beneficial Interest - $.001 Par Value
2003-10-02$8.67/sh+70$607→ 3,061 total
Footnotes (2)
- [F1]These common shares of beneficial interest ("Common Shares") were purchased by Mr. Povinelli pursuant to the Company's Employee Share Purchase Plan (the "Purchase Plan"), which allows employees of the Company to purchase Common Shares through payroll deductions. Pursuant to the Purchase Plan, the Common Shares are purchased on a quarterly basis based on 85% of the closing price of the Common Shares as of the first or last day of the quarter, whichever is lower.
- [F2]Includes 2,991 vested Restricted Shares of a total of 6,655 Restricted Shares issued to Mr. Povinelli in 2003, 2001 and 1999.