4//SEC Filing
CRONIN MICHAEL JOSEPH 4
Accession 0001415889-22-003701
CIK 0001481832other
Filed
Apr 3, 8:00 PM ET
Accepted
Apr 4, 4:03 PM ET
Size
7.4 KB
Accession
0001415889-22-003701
Insider Transaction Report
Form 4
CRONIN MICHAEL JOSEPH
See Remarks
Transactions
- Award
Class A Units
2022-03-31+9,772→ 9,772 totalExercise: $0.00→ Common Stock (9.772 underlying)
Holdings
- 111,308
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 9,772 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 0001506195
Filing Metadata
- Form type
- 4
- Filed
- Apr 3, 8:00 PM ET
- Accepted
- Apr 4, 4:03 PM ET
- Size
- 7.4 KB