SEC Form 4 · accession 0001209191-15-041118
ASSOCIATED ESTATES REALTY CORP · AEC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey I Friedman
Officer — Chairman, President & CEO · Director
Period of report
May 7, 2015
Accepted (ET)
May 11, 2015 · 4:24 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000911635
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Shares, without par value | May 7, 2015 | M | 125,000 | $9.58 | A | 503,521 | D | |
| Common Shares, without par valueF1 | May 7, 2015 | S | 125,000 | $28.4848 | D | 378,521 | D | |
| Common Shares, without par value | holding | — | — | — | 21,623 | I | 401(k) | |
| Common Shares, without par value | holding | — | — | — | 101,000 | I | By wife | |
| Common Shares, without par value | holding | — | — | — | 5,885 | I | Family Charitable Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Options | $9.58 | May 7, 2015 | M | 125,000 | D | Feb 4, 2006 | Aug 4, 2015 | Common Shares | 125,000 | 0 | D |
Explanation of responses
- F1Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $28.48 - $28.50. The reporting person hereby undertakes, upon request of the Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.