ACADIA REALTY TRUST 4
4 · ACADIA REALTY TRUST · Filed Mar 4, 2014
Insider Transaction Report
Form 4
MASTERS ROBERT
Sr. VP and General Counsel
Transactions
- Award
Limited Partnership Units
2014-02-28+20,015→ 142,110 totalExercise: $25.90→ Common Shares of Beneficial Interest (20,015 underlying)
Footnotes (2)
- [F1]On February 28, 2014 ("Grant Date"), Mr. Masters was awarded these restricted limited partnership units in Acadia Realty Limited Partnership ("LTIP Units"). 13,344 of these LTIP Units shall vest subject to the following schedule: equal amounts shall vest on February 28, 2015 (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"). 50% of the remaining 6,672 LTIP Units will vest subject to the same schedule and Mr. Masters' continued employment and the other 50% subject to the same schedule, Mr. Masters' 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 (78,939 vested and 63,171 unvested) now held by Mr. Masters.