SEC Form 4 · accession 0000899629-17-000063
ACADIA REALTY TRUST · AKR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
C David Zoba
Director
Period of report
May 10, 2017
Accepted (ET)
May 12, 2017 · 3:34 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 |
|---|---|---|---|---|---|---|---|---|
| Limited Partnership UnitsF1 | May 10, 2017 | A | 2,392 | $0.00 | A | 10,481 | D | |
| Limited Partnership UnitsF2,F3 | May 10, 2017 | A | 2,650 | $0.00 | A | 13,131 | 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 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. Zoba's cash compensation that he elected to receive in LTIP Units and represent the number he was entitled to receive after giving effect to the 10% discount. These LTIP Units shall vest on May 9, 2018.
- F2This grant was awarded in connection with the payment of annual Trustee fees. These LTIP Units 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, 2020, pursuant to the Trust Compensation Plan.
- F3This number represents the total number of LTIP Units (5,255 vested and 7,876 unvested) now held by Mr. Zoba.