SEC Form 4 · accession 0001140361-15-009034
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
Feb 24, 2015
Accepted (ET)
Feb 26, 2015 · 11:28 am 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 |
|---|---|---|---|---|---|---|---|---|
| Common Shares of Beneficial Interest - $.001 Par ValueF1,F2 | Feb 24, 2015 | C | 5,500 | — | A | 5,500 | 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 UnitsF1,F3 | — | Feb 24, 2015 | C | 5,500 | D | — | — | Operating Units | 5,500 | 96,826 | D |
| Operating Partnership UnitsF1,F4 | — | Feb 24, 2015 | C | 5,500 | A | — | — | Operating Partnership Units | 5,500 | 5,500 | D |
| Operating Partnership UnitsF1,F5 | — | Feb 24, 2015 | C | 5,500 | D | — | — | Common Shares | 5,500 | 0 | D |
Explanation of responses
- F1These limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership ("ARLP") represent a portion of the LTIPs that were granted to Mr. Conlon in 2011 and 2012 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.
- F2This number represents the total number of Common Shares (all vested) held by Mr. Conlon at this time.
- F3This number represents the total number of LTIP Units (19,520 vested and 77,306 unvested) held by Mr. Conlon following the conversion of 5,500 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 5,500 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 5,500 OP Units into an equal number of Common Shares, as reported in this Form 4.