SEC Form 4 · accession 0001140361-15-010974
ACADIA REALTY TRUST · AKR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph Napolitano
Officer — Sr. Vice President
Period of report
Mar 5, 2015
Accepted (ET)
Mar 9, 2015 · 4:46 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.
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,F2 | $35.14 | Mar 5, 2015 | A | 13,318 | A | — | — | Common Shares of Beneficial Interest | 13,318 | 99,449 | D |
Explanation of responses
- F1On March 5, 2015 ("Grant Date"), Mr. Napolitano was awarded these restricted limited partnership units in Acadia Realty Limited Partnership ("LTIP Units"). 8,879 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. Napolitano continues to be employed by the Company through the vesting date in question (each a "Vesting Date"). 50% of the remaining 4,439 LTIP Units will vest subject to the same schedule and Mr. Napolitano'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. Napolitano's continued employment and Acadia Realty Trust (the "Company") achieving certain cumulative benchmarks established by the Company's Board of Trustees.
- F2This number represents the total number of LTIP Units (47,920 vested and 51,529 unvested) now held by Mr. Napolitano.