SEC Form 4 · accession 0001638599-16-000875

PREFERRED APARTMENT COMMUNITIES INC · APTS

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

Reporting owner

Officer — Chief Executive Officer · Director

Period of report

May 12, 2016

Accepted (ET)

May 13, 2016 · 4:07 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	May 12, 2016	P	100	$13.80	A	6,300	D
Common Stock, par value $0.01	May 12, 2016	P	1,000	$13.76	A	6,722	I	By spouse
Common Stock, par value $0.01	May 12, 2016	P	200	$13.80	A	6,922	I	By spouse
Common Stock, par value $0.01^F2	May 12, 2016	P	200	$13.78	A	781	I	By 2003 Children's Trust
Common Stock, par value $0.01^F1	holding	—	—		—	43,265	I	NELL Partners, Inc.
Common Stock, par value $0.01	holding	—	—		—	50	I	By son

No Table II lines on this filing.

F1John A. Williams, Leonard A. Silverstein and Daniel M. DuPree share joint voting and investment power over the shares held by NELL Partners, Inc. Mr. Williams disclaims any economic interest in such shares, 63% of which are owned indirectly by the Nancy Ann Richardson Williams Children's Trust, formed on January 30, 1995, a trust created by Mr. Williams' spouse for the benefit of their children; 27% of which are owned indirectly by Northside Partners Trust, formed on November 2, 2009, a trust created by Mr. Silverstein's spouse for the benefit of their children; and 10% of which are owned indirectly by Daniel M. DuPree.
F2These shares are held in a trust for the benefit of the reporting person's children. The reporting person's spouse is trustee of the trust. The reporting person disclaims beneficial ownership of these securities and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for the purposes of Section 16 or for any other purpose.