SEC Form 4 · accession 0001144204-15-030190
PREFERRED APARTMENT COMMUNITIES INC · APTS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Daniel M Dupree
Officer — Chief Investment Officer · Director
Period of report
Jan 2, 2015
Accepted (ET)
May 13, 2015 · 4:39 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 StockF1 | Jan 2, 2015 | P | 4,027 | $9.72 | A | 4,027 | I | By NELL Partners, Inc. |
| Common Stock, par value $0.01 | holding | — | — | — | 40,197 | 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 UnitsF2 | — | holding | — | — | — | — | — | Common Stock | 30,571 | 30,571 | D |
Explanation of responses
- F1On January 2, 2015, Mr. DuPree indirectly acquired a 10% ownership interest in NELL Partners, Inc., which owns 40,265 shares of the Company, for an aggregate purchase price of $39,147.50. The per share price was determined by dividing the aggregate purchase price for the 10% owneship interest in NELL Partners, Inc. by the number of shares of the Company indirectly acquired.
- F2Represents 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.