SEC Form 4 · accession 0001638599-17-000473
PREFERRED APARTMENT COMMUNITIES INC · APTS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
John A Williams
Officer — Chief Executive Officer · Director
Period of report
May 22, 2017
Accepted (ET)
May 23, 2017 · 2:50 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 22, 2017 | P | 350 | $15.25 | A | 6,550 | D | |
| Common Stock, par value $0.01 | May 22, 2017 | P | 600 | $15.25 | A | 6,322 | I | By Spouse |
| Common Stock, par value $0.01F2 | May 22, 2017 | P | 200 | $15.25 | A | 781 | I | By 2003 Children's Trust |
| Common Stock, par value $0.01F1 | holding | — | — | — | 43,265 | I | By NELL Partners, Inc. | |
| Common Stock, par value $0.01 | holding | — | — | — | 50 | I | By son |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- 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, 59% 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; 26% 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 15% 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.