American Residential Properties, Inc. 4
4 · American Residential Properties, Inc. · Filed Jul 5, 2013
Insider Transaction Report
Form 4
MANSFIELD TODD
Director
Transactions
- Award
LTIP Units
2013-07-02+2,833→ 5,333 total→ Common Stock (2,833 underlying)
Footnotes (3)
- [F1]Represents units of limited partnership interest ("LTIP Units") in American Residential Properties OP, L.P. (the "OP"), the operating partnership of the Issuer.
- [F2]As described in the OP's partnership agreement, vested LTIP Units, after achieving parity with Common Units of the OP, may be exchanged at any time for cash or, at the election of the Issuer, for shares of Common Stock on a one-for-one basis. LTIP Units have no expiration date.
- [F3]Payment of LTIP units having a value of $50,000 for serving on the Board of Directors until the 2014 annual meeting of stockholders. These LTIP units will vest on the date of the 2014 annual meeting of stockholders. Per-unit value deemed to be the average of the closing prices for the Company's common stock on the New York Stock Exchange for the ten trading days preceding the date of grant.