SEC Form 4/A · accession 0001140361-15-024058
ACADIA REALTY TRUST · AKR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Lorrence T Kellar
Director
Period of report
Jun 9, 2015
Accepted (ET)
Jun 12, 2015 · 12:31 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
- F1This grant was awarded in connection with the payment of annual Trustee fees. Trustees 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 a portion of Mr. Kellar'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.
- F2This grant was awarded in connection with the payment of annual Trustee fees. These LTIP Units reflect a portion of Mr. Kellar's cash compensation that he elected to receive in LTIP Units and they 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 (all unvested).