KELLAR LORRENCE T 4
4 · ACADIA REALTY TRUST · Filed Sep 14, 2021
Insider Transaction Report
Form 4
KELLAR LORRENCE T
Director
Transactions
- Conversion
Common Shares of Beneficial Interest - $.001 Par Value
2021-09-13+8,000→ 47,861 total - Sale
Common Shares of Beneficial Interest - $.001 Par Value
2021-09-13$20.72/sh−2,500$51,800→ 45,361 total - Conversion
Limited Partnership Units
2021-09-13−8,000→ 42,355 totalExercise: $0.00→ Common Shares of Beneficial Interest (8,000 underlying)
Footnotes (2)
- [F1]37,273 common shares of beneficial interest ("Common Shares") of Acadia Realty Trust (the "Company") are held through the Lorrence T. Kellar Revocable Trust dated July 20, 2005 as Amended (the "Trust"). Mr. Kellar is the sole trustee of the Trust, with sole voting and/or investment power with respect to such Common Shares, and the sole beneficiary of the Trust. Therefore, Mr. Kellar may be deemed to be the beneficial owner of such Common Shares.
- [F2]These LTIP Units in Acadia Realty Limited Partnership ("ARLP") represent a portion of the LTIPs that were previously granted to Mr. Kellar, which vested in accordance with the terms of each grant. LTIP Units are a class of Units of ARLP that, following the occurrence of certain events and upon vesting, are convertible by the holder into an equivalent number of common units of limited partnership interest of ARLP ("OP Units") which, in turn, are exchangeable on a 1:1 basis for Common Shares or the cash value of such Common Shares. There is no expiration date for the conversion of LTIP Units or OP Units.