KELLAR LORRENCE T 4
4 · ACADIA REALTY TRUST · Filed May 10, 2019
Insider Transaction Report
Form 4
KELLAR LORRENCE T
Director
Transactions
- Award
Limited Partnership Units
2019-05-09+2,072→ 25,975 totalExercise: $0.00→ Common Shares of Beneficial Interest - $.001 Par Value (2,072 underlying) - Award
Limited Partnership Units
2019-05-09+3,552→ 29,527 totalExercise: $0.00→ Common Shares of Beneficial Interest - $.001 Par Value (3,552 underlying)
Footnotes (2)
- [F1]This grant was awarded in connection with the payment of annual Trustee fees. Trustees have the option to convert all or part of any cash payment due to them under the Trust Compensation Plan to restricted limited partnership units in Acadia Realty Limited Partnership (LTIP Units) with a vesting period of one year at a 10% discount to the preceding 20-day average share price from the date of issuance. These LTIP Units reflect the portion of Mr. Kellar's cash compensation that he elected to receive in LTIP Units and represent the number of LTIP Units he was entitled to receive after giving effect to the 10% discount. These LTIP Units shall vest on May 9, 2020. There is no expiration date for the conversion of LTIP Units.
- [F2]This grant was awarded in connection with the payment of annual Trustee fees. These LTIP Units shall vest according to the following schedule: one-third shall vest on May 9, 2020, one-third shall vest on May 9, 2021 and the remaining third shall vest on May 9, 2022, pursuant to the Trust Compensation Plan. There is no expiration date for the conversion of LTIP Units.