CRONIN MICHAEL JOSEPH 4
4 · PREFERRED APARTMENT COMMUNITIES INC · Filed Jun 21, 2021
Insider Transaction Report
Form 4
CRONIN MICHAEL JOSEPH
See Remarks
Transactions
- Tax Payment
Common Stock, par value $0.01
2021-06-17$10.52/sh−811$8,532→ 77,282 total
Holdings
- 28,607
Class A Units
→ Common Stock (28,607 underlying)
Footnotes (2)
- [F1]On June 17, 2020, the reporting person was issued 9,642 shares of time-based restricted common stock. The time-based restricted common stock vests approximately equally on June 17, 2021, June 17, 2022, June 17, 2023 and June 17, 2024. On June 17, 2021, 2,411 shares vested. The reporting person elected, pursuant to their restricted stock agreement, to satisfy their tax obligation by withholding 811 shares having a value approximately equal to the withholding obligation.
- [F2]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.