SEC Form 4 · accession 0001144204-15-018668
PREFERRED APARTMENT COMMUNITIES INC · APTS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Joseph Cronin
Officer — See Remarks
Period of report
Mar 24, 2015
Accepted (ET)
Mar 26, 2015 · 4:16 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 | Mar 24, 2015 | S | 687 | $11.00 | D | 18,300 | D | |
| Common Stock | Mar 25, 2015 | S | 15,000 | $10.58 | D | 3,300 | D | |
| Common Stock | Mar 25, 2015 | S | 100 | $10.65 | D | 3,200 | D | |
| Common Stock | Mar 25, 2015 | S | 700 | $10.86 | D | 2,500 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Class A UnitsF1 | — | holding | — | — | — | — | — | Common Stock | 54,554 | 54,554 | D |
Explanation of responses
- F1Represents 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. Class A Units do not expire.
Remarks
Executive Vice President, Chief Accounting Officer and Treasurer