SEC Form 4 · accession 0001209191-15-049876
American Residential Properties, Inc. · ARPI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephen G. Schmitz
Officer — Chairman and CEO · Director
Period of report
Jun 1, 2015
Accepted (ET)
Jun 3, 2015 · 8:35 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001548981
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, $0.01 par value per shareF1,F2 | Jun 1, 2015 | S | 21,296 | $18.80 | D | 128,704 | I | See footnote |
| Common Stock, $0.01 par value per shareF1,F2 | Jun 2, 2015 | S | 400 | $18.75 | D | 128,304 | I | See footnote |
| Common Stock, $0.01 par value per shareF1,F2 | Jun 3, 2015 | S | 128,304 | $18.71 | D | 0 | I | See footnote |
| Common Stock, $0.01 par value per share | holding | — | — | — | 500 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Shares were sold as part of ARP Phoenix Fund I, LP's plan of distribution to its limited and general partners.
- F2ARP Phoenix Fund I, LP, a Delaware limited partnership ("Phoenix Fund"), owned 150,000 shares of the issuer's Common Stock. ARP Phoenix Fund I GP, LLC (the "GP") is the general partner of Phoenix Fund and exercises voting and dispositive power over these shares. Each of the Reporting Person and another executive officer of the Issuer own a 50% membership interest in the GP. Accordingly, the Reporting Person shares voting and dispositive power over these shares. Except to the extent of the Reporting Person's pecuniary interest in Phoenix Fund, the Reporting Person disclaims beneficial ownership of these shares.