SEC Form 4 · accession 0001229384-17-000002
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
Dec 29, 2016
Accepted (ET)
Jan 6, 2017 · 7:18 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 | Dec 29, 2016 | G | 5,127 | $0.00 | D | 208,054 | D | |
| Class A Common StockF3 | Dec 29, 2016 | G | 21,511 | $0.00 | D | 186,543 | D | |
| Class A Common StockF3,F4 | Dec 29, 2016 | G | 5,127 | $0.00 | D | 33,695 | I | See Footnote |
| Class A Common Stock | Dec 30, 2016 | W | 1,000 | $0.00 | A | 187,543 | D | |
| Class A Common StockF3,F5,F6,F7,F8 | Dec 30, 2016 | G | 1,000 | $0.00 | D | 186,543 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Taking into account all of the transactions reported on this form, Mr. Considine has an overall equity stake in the company of 3,759,590 shares, partnership units and options, the details of which are more fully described in footnotes 6, 7 and 8 below.
- F2Shares gifted to reporting person's spouse, for which the reporting person disclaims beneficial ownership except to the extent of his pecuniary interest therein.
- F3Charitable gift to 501c3 organization.
- F4Held by the reporting person's spouse, for which the reporting person disclaims beneficial ownership except to the extent of his pecuniary interest therein.
- F5In addition to the reporting person's overall equity stake in the company, 133,689 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.
- F6In addition to the 186,543 shares held directly, the reporting person holds 274,027 shares of performance-based restricted stock. Upon conclusion of the various performance periods and depending on the results thereof, the reporting person may vest in all, some or none of the performance-based restricted stock.
- F7In addition to the 186,543 shares held directly, 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 except to the extent of his pecuniary interest therein. Titahotwo also holds 1,589,372 Class I High Performance Units in AIMCO Properties, L.P.
- F8In addition to the 186,543 shares held directly, the reporting person holds 825,768 stock options, 262,062 of which are vested and exercisable and 563,706 of which are subject to certain vesting conditions. Of the unvested stock options, the vesting of 384,809 are subject to certain performance criteria. Upon conclusion of the performance period and depending on the results thereof, the reporting person may vest in all, some or none of performance-based stock options.