PREFERRED APARTMENT COMMUNITIES INC 4
4 · PREFERRED APARTMENT COMMUNITIES INC · Filed Jan 23, 2017
Insider Transaction Report
Form 4
DUPREE DANIEL M
Director
Transactions
- Conversion
Common Stock, par value $0.01
2017-01-20+117,297→ 161,294 total - Conversion
Class A Units
2017-01-20−117,297→ 0 totalFrom: 2017-01-20→ Common Stock (117,297 underlying)
Holdings
- 43,265(indirect: By NELL Partners, Inc.)
Common Stock, par value $0.01
Footnotes (2)
- [F1]John A. Williams, Leonard A. Silverstein and Daniel M. DuPree share joint voting and investment power over the shares held by NELL Partners, Inc. Mr. DuPree disclaims any economic interest in 36,775 of such shares, 69.4% of which are owned indirectly by the Nancy Ann Richardson Williams Children's Trust, formed on January 30, 1995, a trust created by Mr. Williams' spouse for the benefit of their children, and 30.5% of which are owned indirectly by Northside Partners Trust, formed on November 2, 2009, a trust created by Mr. Silverstein's spouse for the benefit of their children.
- [F2]The reporting person redeemed 117,297 Class A Units of the Operating Partnership, of which the issuer 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 issuer. The issuer elected to redeem the reporting person's Class A Units with common stock. Class A Units have no expiration date.