SEC Form 4 · accession 0001140361-16-053134
ACADIA REALTY TRUST · AKR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christopher Conlon
Officer — Executive Vice President
Period of report
Feb 11, 2016
Accepted (ET)
Feb 16, 2016 · 3:32 pm EST
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,F2 | Feb 11, 2016 | C | 27,000 | — | A | 27,000 | 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 UnitsF1,F3 | — | Feb 11, 2016 | C | 27,000 | D | — | — | Operating Partnership Units | 27,000 | 74,468 | D |
| Operating Partnership UnitsF1 | — | Feb 11, 2016 | C | 27,000 | A | — | — | Operating Partnership Units | 27,000 | 27,000 | D |
| Operating Partnership UnitsF1,F4 | — | Feb 11, 2016 | C | 27,000 | D | — | — | Common Shares | 27,000 | 0 | D |
Explanation of responses
- F1These limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership ("ARLP") represent a portion of the LTIPs that were granted to Mr. Conlon in 2011, 2012 and 2013 which vested in accordance with the terms of each grant. The LTIPs are exchangeable on a 1:1 basis for common operating partnership units of ARLP ("OP Units") which, in turn, are exchangeable on a 1:1 basis for common shares of beneficial interest of Acadia Realty Trust. There is no expiration date for the conversion of LTIP Units or OP Units.
- F2This number represents the total number of Common Shares (all vested) held by Mr. Conlon at this time.
- F3This number represents the total number of LTIP Units (22,232 vested and 52,236 unvested) held by Mr. Conlon following the conversion of 27,000 LTIP Units into an equal number of OP Units, as reported in this Form 4.
- F4This number represents the total number of OP Units held by Mr. Conlon following the conversion of 27,000 OP Units into an equal number of Common Shares, as reported in this Form 4.