SEC Form 4 · accession 0001140361-15-023757
ACADIA REALTY TRUST · AKR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Douglas Crocker II
Director
Period of report
Jun 9, 2015
Accepted (ET)
Jun 10, 2015 · 2:53 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 |
|---|---|---|---|---|---|---|---|---|
| Common Shares of Beneficial Interest - $.001 Par ValueF1 | Jun 9, 2015 | A | 1,383 | $31.134 | A | 31,845 | D | |
| Common Shares of Beneficial Interest - $.001 Par ValueF2,F3 | Jun 9, 2015 | A | 2,570 | $31.134 | A | 34,415 | 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 UnitsF4,F5 | $31.134 | Jun 9, 2015 | A | 1,383 | A | Jun 9, 2015 | — | Common Shares of Beneficial Interest | 1,383 | 2,901 | D |
Explanation of responses
- F1This grant was awarded in connection with the payment of annual Trustee fees. These Shares shall vest on June 9, 2016.
- F2This grant was awarded in connection with the payment of annual Trustee fees. These Shares shall vest according to the following schedule: one-third shall vest on June 9, 2016, one-third shall vest on June 9, 2017 and the remaining third shall vest on June 9, 2018.
- F3This number represents 6,295 unvested, restricted Shares and 28,120 vested Shares.
- F4Trustees 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. Crocker'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.
- F5This number represents the total number of LTIPs now held by Mr. Crocker (1,518 vested and 1383 unvested, restricted).