SEC Form 5 · accession 0001144204-15-015897

PREFERRED APARTMENT COMMUNITIES INC · APTS

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — See remarks · Director

Period of report

Dec 31, 2014

Accepted (ET)

Mar 13, 2015 · 1:40 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001481832

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock, par value $0.01^F1,F2	Jan 15, 2014	L	68	$8.14	A	40,196	I	By Nell Partners, Inc.
Common Stock, par value $0.01^F1,F2	Apr 16, 2014	L	69	$8.16	A	40,265	I	By Nell Partners, Inc.
Common Stock, par value $0.01	holding	—	—		—	35,473	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Class A Units^F3	—	holding	—	—	—	—	—	Common Stock	131,115	131,115	D

F1John A. Williams and Leonard A. Silverstein share joint voting and investment power of these shares held by NELL Partners, Inc. Leonard A. Silverstein disclaims any economic interest in such shares, 70% of which are owned indirectly by the Nancy Ann Richardson Williams Children's Trust, formed on January 30, 1995, a trust created by John A. Williams' spouse for the benefit of their children, and 30% of which are owned indirectly by the Northside Partners Trust, formed on November 2, 2009, a trust created by Mr. Silverstein's spouse for the benefit of their children, all as of December 31, 2014.
F2Purchase was pursuant to a dividend reinvestment in a brokerage account.
F3Represents Class A Units ("Class A Unit") of Preferred Apartment Communities Operating Partnership, L.P. (the "Operating Partnership"), 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.

President and Chief Operating Officer