CRONIN MICHAEL JOSEPH 4
4 · PREFERRED APARTMENT COMMUNITIES INC · Filed Mar 9, 2020
Insider Transaction Report
Form 4
CRONIN MICHAEL JOSEPH
See Remarks
Transactions
- Conversion
Common Stock, par value $0.01
2020-02-27+19,566→ 38,094 total - Conversion
Class A Units
2020-02-27−19,566→ 46,013 totalExercise: $0.00From: 2020-02-27→ Common Stock (19,566 underlying)
Footnotes (1)
- [F1]The reporting person redeemed 19,566 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.