MURPHY JOEL T 4
4 · PREFERRED APARTMENT COMMUNITIES INC · Filed Dec 23, 2020
Insider Transaction Report
Form 4
MURPHY JOEL T
CEO-New Market Properties, LLC
Transactions
- Conversion
Class A Units
2020-12-21−93,477→ 0 total→ Common Stock (93,477 underlying) - Conversion
Common Stock, par value $0.01
2020-12-21+93,477→ 414,290 total
Footnotes (1)
- [F1]The reporting person redeemed 93,477 Class A Units of Preferred Apartment Communities 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.