4//SEC Filing
CRONIN MICHAEL JOSEPH 4
Accession 0001638599-20-000037
CIK 0001481832other
Filed
Jan 5, 7:00 PM ET
Accepted
Jan 6, 3:21 PM ET
Size
7.1 KB
Accession
0001638599-20-000037
Insider Transaction Report
Form 4
CRONIN MICHAEL JOSEPH
See Remarks
Transactions
- Award
Class A Units
2020-01-02+4,540→ 65,579 totalExercise: $0.00→ Common Stock (4,540 underlying)
Holdings
- 18,528
Common Stock, par value $0.01
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 3, 2017, the reporting person was awarded a maximum of 13,621 Class B Units of the Operating Partnership ("2017 Class B Units") issued in lieu of any reimbursement for annual cash compensation for 2017, 2018 and 2019, subject to certain performance and time-based conditions. As of January 2, 2018, all performance conditions were met for the 2017 Class B Units. On January 2, 2020, the remaining 4,540 of the 2017 Class B Units fully vested and were converted into Class A Units on that date.
Documents
Issuer
PREFERRED APARTMENT COMMUNITIES INC
CIK 0001481832
Entity typeother
Related Parties
1- filerCIK 0001506195
Filing Metadata
- Form type
- 4
- Filed
- Jan 5, 7:00 PM ET
- Accepted
- Jan 6, 3:21 PM ET
- Size
- 7.1 KB