ACADIA REALTY TRUST 4
4 · ACADIA REALTY TRUST · Filed Mar 21, 2016
Insider Transaction Report
Form 4
Grisham Jonathan William
Senior Vice President
Transactions
- Award
Limited Partnership Units
2016-03-17+22,330→ 160,478 totalExercise: $33.65→ Common Shares of Beneficial Interest (22,330 underlying)
Footnotes (2)
- [F1]On March 17, 2016, Mr. Grisham was awarded these restricted limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership (the "Company"). 14,900 LTIP Units shall vest as follows: equal amounts shall vest on January 6, 2017 and on each of the first, second, third and fourth anniversaries thereof, provided that Mr. Grisham continues to be employed on the vesting date in question. 50% of the remaining 7,430 LTIP Units will vest subject to the same schedule and Mr. Grisham's continued employment and the other 50% as follows: 60% shall vest on January 6, 2019, subject to Mr. Grisham's continued employment and the Company achieving certain cumulative benchmarks established by the Company's Board of Trustees. Provided that the initial 60% vests as described above and further provided that Mr. Grisham is continuously employed by the Company, 20% shall vest on January 6, 2020 and 20% shall vest on January 6, 2021.
- [F2]This number represents the total number of LTIP Units (93,932 vested and 66,546 unvested) now held by Mr. Grisham.