ACADIA REALTY TRUST 4
4 · ACADIA REALTY TRUST · Filed Aug 3, 2016
Insider Transaction Report
Form 4
BRAUN JOEL L
Executive Vice President
Transactions
- Conversion
Common Shares of Beneficial Interest - $.001 Par Value
2016-08-01+22,000→ 24,109 total - Sale
Common Shares of Beneficial Interest - $.001 Par Value
2016-08-01$37.60/sh−22,000$827,240→ 2,109 total - Conversion
Operating Partnership Units
2016-08-01−22,000→ 0 total→ Common Shares (22,000 underlying) - Conversion
Limited Partnership Units
2016-08-01−22,000→ 123,557 total→ Operating Partnership Units (22,000 underlying) - Conversion
Operating Partnership Units
2016-08-01+22,000→ 22,000 total→ Operating Partnership Units (22,000 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 2012 and 2013 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 25 separate sales transactions at a weighted average sales price of $37.6018. The actual price at which these shares were sold range from $37.50 to $37.695 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 (5,646 vested and 117,911 unvested) held by Mr. Braun following the conversion of 22,000 LTIP Units into an equal number of OP Units, as reported in this Form 4.
- [F5]This number represents the total number of OP Units held by Mr. Braun following the conversion of 22,000 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 22,000 OP Units into an equal number of Common Shares, as reported in this Form 4.