Aide Michael 4
4 · PREFERRED APARTMENT COMMUNITIES INC · Filed Jun 21, 2021
Insider Transaction Report
Form 4
Aide Michael
President - Retail
Transactions
- Tax Payment
Common Stock, par value $0.01 per share
2021-06-17$10.52/sh−1,295$13,623→ 25,697 total
Holdings
- 3,406
Class A Units
→ Common Stock (3,406 underlying)
Footnotes (2)
- [F1]On June 17, 2020, the reporting person was issued 13,774 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, 3,444 shares vested. The reporting person elected, pursuant to their restricted stock agreement, to satisfy their tax obligation by withholding 1,295 shares having a value 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.