SEC Form 4 · accession 0001140361-16-064562
ACADIA REALTY TRUST · AKR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lee S Wielansky
Director
Period of report
May 9, 2016
Accepted (ET)
May 11, 2016 · 3:24 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 | May 9, 2016 | A | 2,351 | $34.02 | A | 51,140 | D | |
| Common Shares of Beneficial Interest - $.001 Par ValueF2,F3 | May 9, 2016 | A | 653 | $30.62 | A | 51,793 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1This 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 May 9, 2017, one-third shall vest on May 9, 2018 and the remaining third shall vest on May 9, 2019, pursuant to the Trust Compensation Plan.
- F2This 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 Common Shares 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 shares reflect the portion of Mr. Wielansky'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 on May 9, 2017. No dividends are paid on Restricted Shares until they vest.
- F3This number represents the total number of Shares now held by Mr. Wielansky (40,441 vested Shares and 11,352 unvested Shares).