SEC Form 4 · accession 0001140361-15-010947

ACADIA REALTY TRUST · AKR

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — Senior Vice President

Period of report

Mar 5, 2015

Accepted (ET)

Mar 9, 2015 · 4:21 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0000899629

Table I — non-derivative securities

No Table I lines on this filing.

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Limited Partnership Units^F1,F2	$35.14	Mar 5, 2015	A	19,533	A	—	—	Common Shares of Beneficial Interest	19,533	138,148	D

F1On March 5, 2015 ("Grant Date"), Mr. Grisham was awarded these restricted limited partnership units in Acadia Realty Limited Partnership ("LTIP Units"). 13,022 of these LTIP Units shall vest subject to the following schedule: equal amounts shall vest on January 6, 2016 (the "First Vesting Date") and on each of the first, second, third and fourth anniversaries thereof, provided that Mr. Grisham continues to be employed by the Company through the vesting date in question (each a "Vesting Date"). 50% of the remaining 6,511 LTIP Units will vest subject to the same schedule and Mr. Grisham's continued employment and the other 50% subject to the following schedule: 60% shall vest on January 6, 2018, 20% shall vest on January 6, 2019 and 20% shall vest on January 6, 2020, subject to Mr. Grisham's continued employment and Acadia Realty Trust (the "Company") achieving certain cumulative benchmarks established by the Company's Board of Trustees.
F2138,148 - This number represents the total number of LTIP Units (74,398 vested and 63,750 unvested) now held by Mr. Grisham.