SEC Form 4 · accession 0001140361-16-064580
ACADIA REALTY TRUST · AKR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lynn C Thurber
Director
Period of report
Mar 17, 2016
Accepted (ET)
May 11, 2016 · 4:07 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 | Mar 17, 2016 | A | 396 | $33.65 | A | 396 | D | |
| Common Shares of Beneficial Interest - $.001 Par ValueF2 | Mar 17, 2016 | A | 358 | $30.28 | A | 754 | D | |
| Common Shares of Beneficial Interest - $.001 Par ValueF3 | May 9, 2016 | A | 2,351 | $34.02 | A | 3,105 | D | |
| Common Shars of Beneficial Interest - $.001 Par ValueF4,F5 | May 9, 2016 | A | 2,123 | $30.62 | A | 5,228 | 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 reflect the portion of Ms. Thurber's cash compensation that he elected to receive in shares 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.
- 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 Ms. Thurber'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 June 9, 2016. No dividends are paid on Restricted Shares until they vest.
- F3This grant was awarded in connection with the payment of annual Trustee fees. These 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.
- F4This 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 Ms. Thurber'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.
- F5This number represents the total number of Shares now held by Ms. Thurber (all unvested Shares).