PREFERRED APARTMENT COMMUNITIES INC 4
4 · PREFERRED APARTMENT COMMUNITIES INC · Filed Sep 3, 2015
Insider Transaction Report
Form 4
SILVERSTEIN LEONARD A
DirectorSee Remarks
Transactions
- Purchase
Common Stock, par value $0.01
2015-09-03$10.30/sh+1,000$10,300→ 43,265 total(indirect: By Nell Partners, Inc.)
Holdings
- 35,473
Common Stock, par value $0.01
- 131,115
Class A Units
→ Common Stock (131,115 underlying)
Footnotes (2)
- [F1]John A. Williams, Leonard A. Silverstein and Daniel M. DuPree share joint voting and investment power over the shares held by NELL Partners, Inc. Mr. Silverstein disclaims any economic interest in such shares, 63% 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; 27% of which are owned indirectly by Northside Partners Trust, formed on November 2, 2009, a trust created by Mr. Silverstein's spouse for the benefit of their children; and 10% of which are owned indirectly by Daniel M. DuPree.
- [F2]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. Class A Units have no expiration date.