SEC Form 4 · accession 0001229384-15-000042
APARTMENT INVESTMENT & MANAGEMENT CO · AIV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Terry Considine
Officer — Chairman & CEO · Director
Period of report
Feb 12, 2015
Accepted (ET)
Feb 17, 2015 · 7:57 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000922864
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1,F2,F3,F4 | Feb 12, 2015 | A | 43,083 | — | A | 374,157 | D | |
| Class A Common Stock | holding | — | — | — | 33,695 | I | Held by reporting person's spouse, for which the reporting person disclaims beneficial ownership |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F6,F5 | $39.05 | Feb 12, 2015 | A | 238,530 | A | — | Feb 12, 2025 | Class A Common Stock | 238,530 | 238,530 | D |
Explanation of responses
- F1The shares vest 25% on each anniversary of the grant date of February 12, 2015, beginning with the first anniversary.
- F2Stock Award approved by Compensation and Human Resources Committee for a portion of 2014 long term incentive compensation, price column not applicable.
- F3In addition to the 374,157 shares held directly by the reporting person, 77,451 shares are held by a tax exempt organization under 501(c)(3) of the Internal Revenue Code, for which the reporting person disclaims beneficial ownership.
- F4In addition, the reporting person holds 850,185 common partnership units in AIMCO Properties, L.P. ("OP Units"). The 850,185 OP Units include 510,452 OP Units held directly by the reporting person, 179,735 OP Units held by an entity in which the reporting person has sole voting and investment power, 2,300 OP Units held by Titahotwo Limited Partnership RLLLP ("Titahotwo"), a registered limited liability limited partnership for which the reporting person serves as the general partner and holds a 0.5% ownership interest, and 157,698 OP Units held by the reporting person's spouse, for which the reporting person disclaims beneficial ownership. Titahotwo also holds 1,589,372 Class I High Performance Units in AIMCO Properties, L.P.
- F5The option vests 25% on each anniversary of the grant date of February 12, 2015, beginning with the first anniversary.
- F6Option Award approved by Compensation and Human Resources Committee for a portion of 2014 long term incentive compensation, price column not applicable.