SEC Form 4 · accession 0000899629-17-000033
ACADIA REALTY TRUST · AKR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christopher Conlon
Officer — Executive Vice President
Period of report
Mar 10, 2017
Accepted (ET)
Mar 13, 2017 · 4:36 pm EDT
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 |
|---|---|---|---|---|---|---|---|---|
| Common Shares of Beneficial Interest - $.001 Par ValueF1 | Mar 10, 2017 | C | 15,000 | $0.00 | A | 15,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Limited Partnership UnitsF3,F2 | — | Mar 10, 2017 | C | 15,000 | D | — | — | Operating Partnership Units | 15,000 | 113,338 | D |
| Operating Partnership UnitsF4,F2 | — | Mar 10, 2017 | C | 15,000 | A | — | — | Operating Partnership Units | 15,000 | 15,000 | D |
| Operating Partnership UnitsF5,F2 | — | Mar 10, 2017 | C | 15,000 | D | — | — | Common Shares | 15,000 | 0 | D |
Explanation of responses
- F1This number represents the total number of Common Shares (all vested) held by Mr. Conlon at this time.
- F2These limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership ("ARLP") represent a portion of the LTIPs that were previously granted to Mr. Conlon which vested in accordance with the terms of each grant. The LTIPs are exchangeable on a 1:1 basis for common operating partnership units of ARLP ("OP Units") which, in turn, are exchangeable on a 1:1 basis for common shares of beneficial interest of Acadia Realty Trust. There is no expiration date for the conversion of LTIP Units or OP Units.
- F3This number represents the total number of LTIP Units (13,084 vested and 100,254 unvested) held by Mr. Conlon following the conversion of 15,000 LTIP Units into an equal number of OP Units, as reported in this Form 4.
- F4This number represents the total number of OP Units held by Mr. Conlon following the conversion of 15,000 LTIP Units into an equal number of OP Units, as reported in this Form 4.
- F5This number represents the total number of OP Units held by Mr. Conlon following the conversion of 15,000 OP Units into an equal number of Common Shares, as reported in this Form 4.