ACADIA REALTY TRUST — Director's Dealing 2013

May 10, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ACADIA REALTY TRUST (AKR)
CIK: 0000899629
Period of Report: 2013-05-08

Reporting Person: LUSCOMBE WENDY W (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-05-08	Common Shares of Beneficial Interest - $.001 Par Value	M	3000	$15.96	Acquired	9050	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-05-08	Options to Purchase Common Shares	$15.96	M	3000	Disposed	2015-05-18	Common Shares (3000)	Direct

Footnotes

F1: On May 8, 2013, Ms. Luscombe exercised 3,000 Options to purchase Common Shares of Beneficial Interest.