MASTERS ROBERT 4
4 · ACADIA REALTY TRUST · Filed Mar 3, 2010
Insider Transaction Report
Form 4
MASTERS ROBERT
Sr. VP and General Counsel
Transactions
- Award
Limited Partnership Units
2010-03-01+43,025→ 66,945 totalExercise: $16.89→ Common Shares of Beneficial Interest (43,025 underlying)
Footnotes (1)
- [F1]On March 1, 2010 (Grant Date), Mr. Masters was awarded these restricted limited partnership units in Acadia Realty Limited Partnership ("LTIP Units"). 38,825 of the LTIP Units shall vest subject to the following schedule: equal amounts shall vest on January 6, 2011 (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 4,200 LTIP Units will vest subject to the same schedule and Mr. Masters' continued employment, as well as Acadia Realty Trust (the "Company") achieving certain annual and cumulative benchmarks established by the Company's Board of Trustees.