4//SEC Filing
Sherman Jeffrey David 4
Accession 0001415889-22-003698
CIK 0001481832other
Filed
Apr 3, 8:00 PM ET
Accepted
Apr 4, 4:01 PM ET
Size
7.4 KB
Accession
0001415889-22-003698
Insider Transaction Report
Form 4
Sherman Jeffrey David
President - Multifamily
Transactions
- Award
Class A Units
2022-03-31+6,108→ 9,513 totalExercise: $0.00→ Common Stock (3,405 underlying)
Holdings
- 37,910
Common Stock, par value $0.01 per share
Footnotes (2)
- [F1]Represents Class A Units ("Class A Units") of Preferred Apartment Communities Operating Partnership, L.P., of which Preferred Apartment Communities, Inc. (the "Company") is the general partner. Each Class A Unit may be exchanged for one share of the Company's common stock, or cash, as selected by the Company. Class A Units have no expiration date.
- [F2]On January 2, 2018, the reporting person was awarded a maximum of 6,108 Class B Units of the Operating Partnership ("2018 Class B Units") issued in lieu of any reimbursement for annual cash compensation for 2018, 2019 and 2020, subject to certain performance and time-based conditions. As of March 31, 2022, all performance and time based conditions were met for the 2018 Class B Units. When earned and vested, each Class B Unit is converted into a Class A Unit. As of April 1, 2022, the Compensation Committee of the Board of Directors of the Company determined that the extent to which the performance conditions had been achieved during the performance period resulted in 100% of the 2018 Class B Units becoming earned 2018 Class B Units.
Documents
Issuer
PREFERRED APARTMENT COMMUNITIES INC
CIK 0001481832
Entity typeother
Related Parties
1- filerCIK 0001811549
Filing Metadata
- Form type
- 4
- Filed
- Apr 3, 8:00 PM ET
- Accepted
- Apr 4, 4:01 PM ET
- Size
- 7.4 KB