4//SEC Filing
ACRE REALTY INVESTORS INC 4
Accession 0001552781-15-000438
CIK 0001011109operating
Filed
Apr 7, 8:00 PM ET
Accepted
Apr 8, 12:25 PM ET
Size
5.7 KB
Accession
0001552781-15-000438
Insider Transaction Report
Form 4
ROBERTS CHARLES S
DirectorChairman, CEO, President10% Owner
Transactions
- Disposition to Issuer
Common Stock, par value $.01 per share
2015-04-06$1.60/sh−140$224→ 4,284,809 total
Footnotes (2)
- [F1]As part of Mr. Roberts' long range estate and tax plan, he is selling a limited number of shares under a one year Rule 10(b)5-1 Plan. Additionally, Rule 144 restricts the number of shares that Mr. Roberts can sell in any three month period to 1% of the total number of Company shares outstanding. Based on the restrictions under Rule 144 on the number of shares Mr. Roberts can sell each quarter, it would take more than 6 years to sell his holdings in the Company, if he sold the maximum number of shares allowed each quarter. Given the length of time necessary to diversify some of Mr. Roberts' holdings, he has decided to sell a limited portion of his shares each quarter for the next year in order to accomplish his estate and tax planning objectives.
- [F2]Mr. Roberts' spouse owns 258,705 shares of common stock. Mr. Roberts disclaims beneficial ownership of those shares which are included in Column 5 above.
Documents
Issuer
ACRE REALTY INVESTORS INC
CIK 0001011109
Entity typeoperating
IncorporatedGA
Related Parties
1- filerCIK 0001011109
Filing Metadata
- Form type
- 4
- Filed
- Apr 7, 8:00 PM ET
- Accepted
- Apr 8, 12:25 PM ET
- Size
- 5.7 KB