SEC Form 4 · accession 0001229384-15-000054
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
Aug 13, 2015
Accepted (ET)
Aug 17, 2015 · 7:37 pm EDT
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 Stock | Aug 13, 2015 | M | 474,055 | $28.33 | A | 846,900 | D | |
| Class A Common Stock | Aug 13, 2015 | F | 339,055 | $39.61 | D | 507,845 | D | |
| Class A Common StockF1,F2,F3 | Aug 13, 2015 | S | 135,000 | $39.65 | D | 372,845 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F5,F4 | $28.33 | Aug 13, 2015 | M | 474,055 | D | — | Jan 29, 2018 | Class A Common Stock | 474,055 | 368,585 | D |
Explanation of responses
- F1This is a weighted average price. The prices for which the shares were actually sold ranged from $39.45 to $39.87. The reporting person has provided to the issuer and will provide to any security holder or the staff of the Securities and Exchange Commission, upon request, information regarding the number of shares sold at each price within the range.
- F2In addition to the 372,845 shares held directly by the reporting person, 69,051 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.
- F3In 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.
- F4The option vested 25% on each anniversary of the grant date of January 29, 2008.
- F5Option Award approved by Compensation and Human Resources Committee; price column not applicable.
Remarks
The sales reported on this Form 4 were made to provide for tax planning and to fund charitable commitments.