SEC Form 4 · accession 0001209191-15-048413
American Residential Properties, Inc. · ARPI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Todd Mansfield
Director
Period of report
May 28, 2015
Accepted (ET)
Jun 1, 2015 · 5:23 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001548981
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LTIP UnitsF1,F3,F2 | — | May 28, 2015 | A | 2,632 | A | — | — | Common Stock | 2,632 | 10,756 | D |
Explanation of responses
- F1Represents units of limited partnership interest ("LTIP Units") in American Residential Properties OP, L.P. (the "OP"), the operating partnership of the Issuer.
- F2As described in the OP's partnership agreement, vested LTIP Units, after achieving parity with Common Units of the OP, may be exchanged at any time for cash or, at the election of the Issuer, for shares of Common Stock on a one-for-one basis. LTIP Units have no expiration date.
- F3Payment of LTIP units having a value of $50,000 for serving on the Board of Directors until the 2016 annual meeting of stockholders. These LTIP units will vest on May 28, 2016. Per-unit value deemed to be the average of the closing prices for the Company's common stock on the New York Stock Exchange for the ten trading days preceding the date of grant.