SEC Form 4 · accession 0001140361-15-023759
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
Lorrence T Kellar
Director
Period of report
Jun 9, 2015
Accepted (ET)
Jun 10, 2015 · 3:08 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 | $31.134 | Jun 9, 2015 | A | 3,033 | A | Jun 9, 2015 | — | Common Shares of Beneficial Interest | 3,033 | 3,033 | D |
| Limited Partnership UnitsF2,F3 | $31.134 | Jun 9, 2015 | A | 2,570 | A | Jun 9, 2015 | — | Common Shares of Beneficial Interest | 2,570 | 5,603 | D |
Explanation of responses
- F1Trustees have the option to convert all or part of any cash payment due to them under the Trust Compensation Plan to Common Shares at a 10% discount to the preceding 20-day average share price from the date of the Annual Meeting of Shareholders. No dividends are paid on Restricted Shares until they vest. These shares reflect the portion of Mr. Kellar's cash compensation that he elected to receive in shares and represent the number of shares he was entitled to receive after giving effect to the 10% discount. These Shares shall vest one year from the date of issuance, pursuant to the Trust Compensation Plan.
- F2Trustees have the option to convert all or part of any cash payment due to them under the Trust Compensation Plan to Common Shares at a 10% discount to the preceding 20-day average share price from the date of the Annual Meeting of Shareholders. No dividends are paid on Restricted Shares until they vest. These shares reflect the portion of Mr. Kellar's cash compensation that he elected to receive in shares and represent the number of shares he was entitled to receive after giving effect to the 10% discount. 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, pursuant to the Trust Compensation Plan.
- F3This number represents the total number of LTIPs now held by Mr. Kellar.