SEC Form 4 · accession 0001140361-15-009041
ACADIA REALTY TRUST · AKR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard Hartmann
Officer — Senior Vice President
Period of report
Feb 25, 2015
Accepted (ET)
Feb 26, 2015 · 11:57 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 | Feb 25, 2015 | C | 1,000 | — | A | 5,135 | D | |
| Common Shares of Beneficial Interest - $.001 Par ValueF2 | Feb 25, 2015 | S | 2,000 | $34.928 | D | 3,135 | 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 25, 2015 | C | 1,000 | D | — | — | Operating Partnership Units | 1,000 | 20,069 | D |
| Operating Partnership UnitsF1,F4 | — | Feb 25, 2015 | C | 1,000 | A | — | — | Operating Partnership Units | 1,000 | 1,000 | D |
| Operating Partnership UnitsF1,F5 | — | Feb 25, 2015 | C | 1,000 | D | — | — | Common Shares | 1,000 | 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. Hartmann in January, 2008, and March, 2009 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. Hartmann at this time.
- F3This number represents the total number of LTIP Units (9,878 vested and 10,191 unvested) held by Mr. Hartmann following the conversion of 1,000 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. Hartmann following the conversion of 1,000 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. Hartmann following the conversion of 1,000 Units into an equal number of Common Shares, as reported in this Form 4.