PREFERRED APARTMENT COMMUNITIES INC 5
5 · PREFERRED APARTMENT COMMUNITIES INC · Filed Mar 13, 2015
Insider Transaction Report
Form 5
SILVERSTEIN LEONARD A
DirectorSee Remarks
Transactions
- Small Acquisition
Common Stock, par value $0.01
2014-01-15$8.14/sh+68$554→ 40,196 total(indirect: By Nell Partners, Inc.) - Small Acquisition
Common Stock, par value $0.01
2014-04-16$8.16/sh+69$563→ 40,265 total(indirect: By Nell Partners, Inc.)
Holdings
- 131,115
Class A Units
→ Common Stock (131,115 underlying) - 35,473
Common Stock, par value $0.01
Footnotes (3)
- [F1]John A. Williams and Leonard A. Silverstein share joint voting and investment power of these shares held by NELL Partners, Inc. Leonard A. Silverstein disclaims any economic interest in such shares, 70% of which are owned indirectly by the Nancy Ann Richardson Williams Children's Trust, formed on January 30, 1995, a trust created by John A. Williams' spouse for the benefit of their children, and 30% of which are owned indirectly by the Northside Partners Trust, formed on November 2, 2009, a trust created by Mr. Silverstein's spouse for the benefit of their children, all as of December 31, 2014.
- [F2]Purchase was pursuant to a dividend reinvestment in a brokerage account.
- [F3]Represents Class A Units ("Class A Unit") of Preferred Apartment Communities Operating Partnership, L.P. (the "Operating Partnership"), of which Preferred Apartment Communities, Inc. (the "Company") is the general partner. Each Class A Unit may be exchanged for one share of the Company's common stock, or cash, as selected by the Company.