SEC Form 4 · accession 0001283630-16-000101
AMERICAN CAMPUS COMMUNITIES INC · ACC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Edward Lowenthal
Director
Period of report
May 5, 2016
Accepted (ET)
May 6, 2016 · 11:37 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001283630
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common stockF1 | May 5, 2016 | M | 3,223 | $0.00 | A | 27,713 | D | |
| Common stockF2 | holding | — | — | — | 1,000 | I | See Footnote |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1 | — | May 5, 2016 | A | 3,223 | A | — | — | Common Stock, par value $.01 per share | 3,223 | 3,223 | D |
| Restricted Stock UnitsF1 | — | May 5, 2016 | M | 3,223 | D | — | — | Common Stock, par value $.01 per share | 3,223 | 0 | D |
Explanation of responses
- F1Restricted stock units were fully vested on the date of grant (05/05/2016) and shares of common stock underlying the restricted stock units were settled in full by the delivery of shares of common stock. The shares of the reporting person's common stock are held by the issuer's deferred compensation plan for the benefit of the reporting person.
- F2Held by ELIL Family Holdings LLC ("ELIL"). By reason of the provisions of Rule 16a-1 of the Securities Exchange Act 1934, as amended, the reporting person may be deemed to be the beneficial owner of all of the American Campus Communities, Inc. common stock owned by ELIL, although he disclaims beneficial ownership of those shares, except to the extent of any indirect pecuniary interest therein.