SEC Form 4 · accession 0000899629-17-000019
ACADIA REALTY TRUST · AKR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John J. Gottfried
Officer — Senior Vice President/CFO
Period of report
Feb 28, 2017
Accepted (ET)
Mar 2, 2017 · 6:19 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000899629
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Limited Partnership UnitsF1,F2 | Feb 28, 2017 | A | 4,373 | $0.00 | A | 33,690 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On February 28, 2017, Mr. Gottfried was awarded these restricted limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership (the "Company"). 4,373 LTIP Units shall vest as follows: 50% shall vest on January 6, 2018 and on each of the first, second, third and fourth anniversaries thereof, provided that Mr. Gottfried continues to be employed on the vesting date in question. The other 50% as follows: 60% shall vest on January 6, 2020, subject to Mr. Gottfried's continued employment and the Company achieving certain cumulative benchmarks established by the Company's Board of Trustees. Provided that the initial 60% vests as described above and further provided that Mr. Gottfried is continuously employed by the Company, 20% shall vest on January 6, 2021 and 20% shall vest on January 6, 2022.
- F2This number represents the total number of LTIP Units (9,675 vested and 24,015 unvested) now held by Mr. Gottfried.