ACADIA REALTY TRUST 4
4 · ACADIA REALTY TRUST · Filed Mar 9, 2009
Insider Transaction Report
Form 4
MASTERS ROBERT
Sr. VP and General Counsel
Transactions
- Award
Limited Partnership Units
2009-03-05+11,005→ 23,920 totalExercise: $10.45→ Common Shares of Beneficial Interest (11,005 underlying)
Footnotes (2)
- [F1]On March 5, 2009 ("Grant Date"), Mr. Masters was awarded these restricted limited partnership units in Acadia Realty Limited Partnership ("LTIP Units"). 50% of these LTIP Units shall vest subject to the following schedule: equal amounts shall vest on January 6, 2010 (the "First Vesting Date") and on each of the first, second, third and fourth anniversaries thereof, provided that Mr. Masters continues to be employed by the Company through the vesting date in question (each a "Vesting Date"). The remaining 50% will vest subject to Mr. Master's continued employment and subject further to the achievement by Acadia Realty Trust (the "Company") of certain annual and cumulative benchmarks established by the Company's Board of Trustees.
- [F2]This represents the total number of LTIP Units owned by Mr. Masters at this time (it includes the 2007 and 2008 grants).