4//SEC Filing
MURPHY JOEL T 4
Accession 0001638599-19-000048
CIK 0001481832other
Filed
Jan 3, 7:00 PM ET
Accepted
Jan 4, 3:03 PM ET
Size
6.4 KB
Accession
0001638599-19-000048
Insider Transaction Report
Form 4
MURPHY JOEL T
CEO-New Market Properties, LLC
Transactions
- Award
Class A Units
2019-01-02+8,117→ 93,477 total→ Common Stock (8,117 underlying)
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 4, 2016, the reporting person was awarded a maximum of 24,353 Class B Units of the Operating Partnership ("2016 Class B Units") issued in lieu of any reimbursement for annual cash compensation for 2016, 2017 and 2018, subject to certain performance and time-based conditions. As of January 3, 2017, all performance conditions were met for the 2016 Class B Units. When earned and vested, each Class B Unit is converted into a Class A Unit. On January 2, 2019, the final 8,117 2016 Class B Units vested and converted into Class A Units.
Documents
Issuer
PREFERRED APARTMENT COMMUNITIES INC
CIK 0001481832
Entity typeother
Related Parties
1- filerCIK 0001232172
Filing Metadata
- Form type
- 4
- Filed
- Jan 3, 7:00 PM ET
- Accepted
- Jan 4, 3:03 PM ET
- Size
- 6.4 KB