4//SEC Filing
DUPREE DANIEL M 4
Accession 0001638599-17-001154
CIK 0001481832other
Filed
Nov 19, 7:00 PM ET
Accepted
Nov 20, 2:39 PM ET
Size
9.3 KB
Accession
0001638599-17-001154
Insider Transaction Report
Form 4
DUPREE DANIEL M
Director
Transactions
- Sale
Common Stock, par value $0.01
2017-11-17$21.04/sh−14,600$307,184→ 99,564 total - Sale
Common Stock, par value $0.01
2017-11-16$21.34/sh−2,400$51,216→ 114,164 total
Holdings
- 44,765(indirect: By NELL Partners, Inc.)
Common Stock, par value $0.01
Footnotes (4)
- [F1]The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $21.00 to $21.06, inclusive. The reporting person undertakes to provide to Preferred Apartment Communities, Inc. ("PAC"), any security holder of Preferred Apartment Communities, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
- [F2]The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $21.30 to $21.36, inclusive. The reporting person undertakes to provide to Preferred Apartment Communities, Inc., any security holder of Preferred Apartment Communities, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
- [F3]The reporting person's sale of PAC common stock reported herein was matchable under Section 16(b) of the Securities Exchange Act of 1934, to the extent of 225 shares, with the reporting person's 15% share of the purchase by NELL Partners, Inc. of (i) 1,000 shares of PAC common stock at a price of $15.31 per share on May 31, 2017 and (ii) 500 shares of PAC common stock at a price of $21.01 on November 10, 2017. As a result of the settlement of this transaction, the reporting person has paid to PAC $912.00 representing the full amount of the profit realized in connection with the short-swing transaction, less transaction costs.
- [F4]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 38,050 of such shares, 64.7% 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 35.3% 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.
Documents
Issuer
PREFERRED APARTMENT COMMUNITIES INC
CIK 0001481832
Entity typeother
Related Parties
1- filerCIK 0001231790
Filing Metadata
- Form type
- 4
- Filed
- Nov 19, 7:00 PM ET
- Accepted
- Nov 20, 2:39 PM ET
- Size
- 9.3 KB