Sprain Jeffrey R 4
4 · PREFERRED APARTMENT COMMUNITIES INC · Filed May 15, 2020
Insider Transaction Report
Form 4
Sprain Jeffrey R
See Remarks
Transactions
- Conversion
Common Stock, par value $0.01 per share
2020-05-14+10,406→ 15,249 total - Conversion
Class A Units
2020-05-14−10,406→ 0 total→ Common Stock (10,406 underlying)
Footnotes (1)
- [F1]The reporting person redeemed 10,406 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.