SEC Form 4 · accession 0001209191-19-010598

ACADIA REALTY TRUST · AKR

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — Sr. VP and General Counsel

Period of report

Feb 14, 2019

Accepted (ET)

Feb 15, 2019 · 4:25 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 Value	Feb 15, 2019	C	2,096	$0.00	A	2,096	D
Common Shares of Beneficial Interest - $.001 Par Value	Feb 15, 2019	S	2,096	$29.50	D	0	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Limited Partnership Units^F1	$0.00	Feb 14, 2019	A	17,747	A	—	—	Common Shares of Beneficial Interest	17,747	78,139	D
Limited Partnership Units^F2	$0.00	Feb 15, 2019	C	2,096	D	—	—	Common Shares	2,096	76,043	D

F1On February 14, 2019, Mr. Blacksberg was awarded these restricted limited partnership units ("LTIP Units") in Acadia Realty Limited Partnership (the "Company"). 17,747 LTIP Units shall vest as follows: equal amounts shall vest on January 6, 2020 and on each of the first, second, third and fourth anniversaries thereof, provided that Mr. Blacksberg continues to be employed on the vesting date in question. This figure excludes LTIP Units granted under the Company's outperformance plan, the vesting of which is subject to conditions, other than the passage of time and continued employment, which are not tied solely to the marked price of an equity security of the Company. The vesting conditions for the Company's outperformance plan relate to the Company's shareholder return relative to the total shareholder return of a basket of peer group companies.
F2These LTIP Units in Acadia Realty Limited Partnership ("ARLP") represent a portion of the LTIPs that were previously granted to Mr. Blacksberg, 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 the Company. There is no expiration date for the conversion of LTIP Units or OP Units.