Grisham Jonathan William 4
4 · ACADIA REALTY TRUST · Filed Feb 25, 2013
Insider Transaction Report
Form 4
Grisham Jonathan William
Senior Vice President
Transactions
- Award
Limited Partnership Units
2013-02-22+24,897→ 94,615 totalExercise: $26.59→ Common Shares of Beneficial Interest (24,897 underlying)
Footnotes (2)
- [F1]On February 22, 2013, Mr. Grisham was awarded these restricted limited partnership units in Acadia Realty Limited Partnership ("LTIP Units"). Of these 24,897 LTIP Units, 19,105 shall vest subject to the following schedule: equal amounts shall vest on January 6, 2014, and on each of the first, second, third and fourth anniversaries thereof, provided that Mr. Grisham continues to be employed by Acadia Realty Trust (the "Company") through the vesting date in question. Of the remaining 5,792 LTIP Units, 50% shall vest subject to the same schedule and to Mr. Grisham's continued employment by the Company, and 50% shall vest subject to the same schedule, Mr. Grisham's continued employment by the Company and the Company achieving certain annual and cumulative benchmarks established by the Company's Board of Trustees.
- [F2]This number represents the total number of LTIPs (vested and unvested) held by Mr. Grisham.