4//SEC Filing
POVINELLI JOSEPH 4
Accession 0001005477-05-000088
CIK 0000899629other
Filed
Jan 5, 7:00 PM ET
Accepted
Jan 6, 4:11 PM ET
Size
10.5 KB
Accession
0001005477-05-000088
Insider Transaction Report
Form 4
POVINELLI JOSEPH
Sr. Vice President
Transactions
- Award
Common Shares of Beneficial Interest - $.001 Par Value
2005-01-03$15.73/sh+6,580$103,503→ 31,377 total - Award
Options to purchase Common Shares
2005-01-03+3,655→ 1,218 totalExercise: $16.35From: 2007-01-03Exp: 2015-01-03→ Common Shares (3,655 underlying) - Award
Common Shares of Beneficial Interest - $.001 Par Value
2005-01-03$12.79/sh+117$1,496→ 31,494 total
Footnotes (5)
- [F1]On January 3, 2005 ("Grant Date"), Mr. Povinelli was awarded these common shares of beneficial interest ("Restricted Shares"). These Restricted Shares carry some of the rights of unrestricted shares including dividend rights, but may not be transferred, assigned or pledged until Mr. Povinelli has a vested, non-forfeitable right to these shares. Vesting is subject to Mr. Povinelli's continued employment with the Company through the applicable vesting dates over four years from the Grant Date. In addition, the vesting of certain Restricted Shares are contingent upon the Company's shareholder return exceeding certain thresholds in the year such vesting is scheduled to occur.
- [F2]Includes 5,787 vested Restricted Shares of a total of 18,896 Restricted Shares issued to Mr. Povinelli in 1999 through 2005.
- [F3]On January 3, 2005, Mr. Povinelli was awarded these options to purchase common shares of beneficial interest which vest, subject to Mr. Povinelli's continued employment with the Company through the applicable vesting dates, over the next two years.
- [F4]Includes 1,218 vested Options of a total of 3,655 Options issued to Mr. Povinelli in 2005.
- [F5]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.
Documents
Issuer
ACADIA REALTY TRUST
CIK 0000899629
Entity typeother
Related Parties
1- filerCIK 0001248523
Filing Metadata
- Form type
- 4
- Filed
- Jan 5, 7:00 PM ET
- Accepted
- Jan 6, 4:11 PM ET
- Size
- 10.5 KB