SEC Form 4 · accession 0000899629-17-000057
ACADIA REALTY TRUST · AKR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Douglas Crocker II
Director
Period of report
May 10, 2017
Accepted (ET)
May 12, 2017 · 3:28 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 | May 10, 2017 | A | 2,567 | $27.17 | A | 39,126 | D | |
| Common Shares of Beneficial Interest - $.001 Par ValueF2,F3 | May 10, 2017 | A | 2,650 | $30.19 | A | 41,776 | D | |
| Limited Partnership UnitsF4,F5 | May 10, 2017 | A | 285 | $0.00 | A | 4,407 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1This grant was awarded in connection with the payment of annual Trustee fees. Trustees have the option to convert all or part of any cash payment due to them under the Trust Compensation Plan to Common Shares with a vesting period of one year at a 10% discount to the preceding 20-day average share price from the date of issuance. These shares reflect the portion of Mr. Crocker's cash compensation that he elected to receive in shares and represent the number of shares he was entitled to receive after giving effect to the 10% discount. These shares represent the stock equivalent for Trustee fees credited to Mr. Crocker's deferred account pursuant to the Issuer's Deferred Compensation Plan. These deferred shares shall vest on May 9, 2018.
- F2This grant was awarded in connection with the payment of annual Trustee fees. These shares represent the stock equivalent for Trustee fees credited to Mr. Crocker's deferred account pursuant to the Issuer's Deferred Compensation Plan. The deferred shares shall vest according to the following schedule: one-third shall vest on May 9, 2018, one-third shall vest on May 9, 2019 and the remaining third shall vest on May 9, 2019.
- F3This number represents the total number of Common Shares (32,881 vested and 8,895 unvested) held by Mr. Crocker at this time, including 8,879 which have been deferred.
- F4This grant was awarded in connection with the payment of annual Trustee fees. Trustees have the option to convert all or part of any cash payment due to them under the Trust Compensation Plan to restricted limited partnership units in Acadia Realty Limited Partnership (LTIP Units) with a vesting period of one year at a 10% discount to the preceding 20-day average share price from the date of issuance. These LTIP Units reflect the portion of Mr. Crocker's cash compensation that he elected to receive in LTIP Units and represent the number of LTIP Units he was entitled to receive after giving effect to the 10% discount. These LTIP Units represent the stock equivalent for Trustee fees credited to Mr. Crocker's deferred account pursuant to the Issuer's Deferred Compensation Plan. These deferred LTIP Units shall vest on May 9, 2018.
- F5This number represents the total number of LTIP Units (3,730 vested and 677 unvested) held by Mr. Crocker at this time, including 1,506 which have been deferred.