LUSCOMBE WENDY W 4
4 · ACADIA REALTY TRUST · Filed Jan 20, 2021
Insider Transaction Report
Form 4
LUSCOMBE WENDY W
Director
Transactions
- Sale
Common Shares of Beneficial Interest - $.001 Par Value
2021-01-15$15.46/sh−3,500$54,125→ 40,017 total
Footnotes (3)
- [F1]All of these shares are "phantom shares" that were previously reported as being granted in connection with the payment of annual Trustee fees in prior years and represent the share equivalent for Trustee fees credited to Ms. Luscombe's deferred account pursuant to the Company's Deferred Compensation Plan (the "DCP"). The DCP requires that all phantom shares be settled in common shares and not in cash.
- [F2]These shares were sold in 21 separate sales transactions at a weighted average sales price of $15.4643 pursuant to a 10b5-1 plan Ms. Luscombe previously put into place. The actual price at which these shares were sold range from $15.27 to $15.56 per share. Ms. Luscombe 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]Includes 578 of phantom shares related to dividends earned by Ms. Luscombe under the DCP that were not previously reported. Under the DCP, such dividends are required to be credited as additional phantom shares.