SEC Form 4 · accession 0001638599-17-001171
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
Nov 28, 2017
Accepted (ET)
Nov 29, 2017 · 12:49 pm EST
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 $0.01F1 | Nov 28, 2017 | C | 16,460 | — | A | 18,960 | 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 | — | Nov 28, 2017 | C | 16,460 | D | Nov 28, 2017 | — | Common Stock | 16,460 | 60,495 | D |
Explanation of responses
- F1The reporting person redeemed 16,460 Class A Units of Preferred Apartment Communities Operating Partnership, LP, of which the Issuer is the general partner. Each Class A Unit may be exchanged for one share of the Issuers's common stock, or cash, as selected by the Issuer. The Issuer elected to redeem the reporting person's Class A Units with common stock. Class A Units have no expiration date.
Remarks
Executive Vice President, Chief Accounting Officer and Treasurer