NAPOLITANO JOSEPH 4
4 · ACADIA REALTY TRUST · Filed Jun 1, 2023
Insider Transaction Report
Form 4
Napolitano Joseph
Sr. VP
Transactions
- Sale
Common Shares of Beneficial Interest - $.001 Par Value
2023-05-31$12.92/sh+54,040$698,197→ 118 total - Conversion
Common Shares of Beneficial Interest - $.001 Par Value
2023-05-31+54,040→ 54,158 total - Conversion
Limited Partnership Units
2023-05-31−54,040→ 179,502 totalExercise: $0.00→ Common Shares of Beneficial Interest (54,040 underlying)
Footnotes (2)
- [F1]These shares were sold in 10 separate sales transactions at a weighted average sales price of $12.92. The actual price at which these shares were sold range from $12.87 to $12.96 per share. Mr. Napolitano 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.
- [F2]These LTIP Units in Acadia Realty Limited Partnership ("ARLP") represent a portion of the LTIPs that were previously granted to Mr. Napolitano, which vested in accordance with the terms of each grant. The LTIPs are exchangeable on a 1:1 basis for common operating partnership units of ARLP ("OP Units") which, in turn, are exchangeable on a 1:1 basis for common shares of beneficial interest of the Company. There is no expiration date for the conversion of LTIP Units or OP Units.