Grisham Jonathan William 4
4 · ACADIA REALTY TRUST · Filed Mar 7, 2011
Insider Transaction Report
Form 4
Grisham Jonathan William
Senior Vice President
Transactions
- Award
Limited Partnership Units
2011-03-03+14,611→ 51,839 totalExercise: $19.05→ Common Shares of Beneficial Interest (14,611 underlying)
Footnotes (2)
- [F1]On March 3, 2011 ("Grant Date"), Mr. Grisham was awarded these restricted limited partnership units in Acadia Realty Limited Partnership ("LTIP Units"). 9,729 of these LTIP Units shall vest subject to the following schedule: equal amounts shall vest on January 6, 2012 (the "First Vesting Date") and on each of the first, second, third and fourth anniversaries thereof, provided that Mr. Grisham continues to be employed by the Company through the vesting date in question (each a "Vesting Date"). 50% of the remaining 4,882 LTIP Units will vest subject to the same schedule and Mr. Grisham's continued employment and the other 50% subject to the same schedule, Mr. Grisham's continued employment and Acadia Realty Trust (the "Company") achieving certain annual and cumulative benchmarks established by the Company's Board of Trustees.
- [F2]This number represents the total number of LTIP Units now held by Mr. Grisham, of which 13,436 are vested and 38,403 are unvested.