Nelsen Michael 4
4 · ACADIA REALTY TRUST · Filed Feb 4, 2008
Insider Transaction Report
Form 4
Nelsen Michael
Chief Financial Officer
Transactions
- Award
Limited Partnership Units
2008-01-31+8,544→ 8,544 totalExercise: $23.87→ Common Shares of Beneficial Interest (8,544 underlying)
Footnotes (1)
- [F1]On January 31, 2008, the reporting person received a grant of restricted units of Acadia Realty Limited Partnership (the "Operating Partnership"), the Operating Partnership of Acadia Realty Trust (the "Company"). The restricted units are a class of units of the Operating Partnership that are exchangeable by the holder, upon vesting, into an equivalent number of common units of the Operating Partnership, which are exchangeable on a 1:1 basis for the Company's common shares of beneficial interest. 5,208 restricted units will vest according to the following schedule: 14.286% of such restricted units will vest on January 6, 2009 and 14.286% of such restricted units will vest upon each of the next six anniversaries of such date. 3,336 restricted units will vest in accordance with the achievement by the Company of certain annual and cumulative benchmarks established by the Company's Board of Trustees.