SEC Form 4 · accession 0001140361-16-071546
ACADIA REALTY TRUST · AKR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John J. Gottfried
Officer — Senior Vice President/CFO
Period of report
Jun 30, 2016
Accepted (ET)
Jul 5, 2016 · 3:14 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,F2 | $34.11 | Jun 30, 2016 | A | 29,317 | A | Jun 30, 2016 | — | Operating Units | 29,317 | 29,317 | D |
Explanation of responses
- F1On June 30, 2016, Mr. Gottfried was awarded limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership, which will vest according to the following schedule: one third shall vest on January 6, 2017, one third shall vest on the first anniversary thereof and the remaining third on the second anniversary thereof. The LTIPs are exchangeable on a 1:1 basis for common operating partnership units of Acadia Realty Operating Partnership ("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 LTIPs currently held by Mr. Gottfried.