CRONIN MICHAEL JOSEPH 4
4 · PREFERRED APARTMENT COMMUNITIES INC · Filed May 18, 2020
Insider Transaction Report
Form 4
CRONIN MICHAEL JOSEPH
EVP, CAO AND TREASURER
Transactions
- Conversion
Common Stock, par value $0.01
[F1]2020-05-14+17,406→ 60,500 total - Conversion
Class A Units
[F1]2020-05-14−17,406→ 28,607 total→ Common Stock (17,406 underlying)
Footnotes (1)
- [F1]The reporting person redeemed 17,406 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. Remarks:
Signature
/s/Jeffrey R. Sprain, as attorney-in-fact|2020-05-18