4//SEC Filing
ACADIA REALTY TRUST 4
Accession 0001140361-16-053380
$AKRCIK 0000899629operating
Filed
Feb 15, 7:00 PM ET
Accepted
Feb 16, 4:58 PM ET
Size
14.6 KB
Accession
0001140361-16-053380
Insider Transaction Report
Form 4
BRAUN JOEL L
Executive Vice President
Transactions
- Conversion
Common Shares of Beneficial Interest - $.001 Par Value
2016-02-12+15,512→ 23,709 total - Sale
Common Shares of Beneficial Interest - $.001 Par Value
2016-02-12$32.54/sh−21,600$702,959→ 2,109 total - Conversion
Operating Partnership Units
2016-02-12+15,512→ 15,512 total→ Operating Partnership Units (15,512 underlying) - Conversion
Limited Partnership Units
2016-02-12−15,512→ 100,569 total→ Operating Partnership Units (15,512 underlying) - Conversion
Operating Partnership Units
2016-02-12−15,512→ 0 total→ Common Shares (15,512 underlying)
Footnotes (6)
- [F1]These limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership ("ARLP") represent a portion of the LTIPs that were granted to Mr. Braun in 2011, 2012, 2013 and 2014 which vested in accordance with the terms of each grant. The LTIPs are exchangeable on a 1:1 basis for common operating partnership units of ARLP ("OP Units") which, in turn, are exchangeable on a 1:1 basis for common shares of beneficial interest of Acadia Realty Trust. There is no expiration date for the conversion of LTIP Units or OP Units.
- [F2]These shares were sold in 52 separate sales transactions at a weighted average sales price of $32.5444. The actual price at which these shares were sold range from $32.23 to $32.92 per share. Mr. Braun will provide, upon request by the Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full, detailed information regarding the number of shares sold at each separate price.
- [F3]This number represents the total number of Common Shares (all vested) held by Mr. Braun at this time.
- [F4]This number represents the total number of LTIP Units (28,762 vested and 71,807 unvested) held by Mr. Braun following the conversion of 15,512 LTIP Units into an equal number of OP Units, as reported in this Form 4. These numbers take into account the transfer on November 30, 2015 of 96,630 LTIPs to Mr. Braun's ex-wife, pursuant to a domestic relations order.
- [F5]This number represents the total number of OP Units held by Mr. Braun following the conversion of 15,512 LTIP Units into an equal number of OP Units, as reported in this Form 4.
- [F6]This number represents the total number of OP Units held by Mr. Braun following the conversion of 15,512 OP Units into an equal number of Common Shares, as reported in this Form 4.
Documents
Issuer
ACADIA REALTY TRUST
CIK 0000899629
Entity typeoperating
IncorporatedMD
Related Parties
1- filerCIK 0000899629
Filing Metadata
- Form type
- 4
- Filed
- Feb 15, 7:00 PM ET
- Accepted
- Feb 16, 4:58 PM ET
- Size
- 14.6 KB