ACADIA REALTY TRUST — Director's Dealing 2013

May 14, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ACADIA REALTY TRUST (AKR)
CIK: 0000899629
Period of Report: 2013-05-14

Reporting Person: WIELANSKY LEE S (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-05-14	Common Shares of Beneficial Interest - $.001 Par Value	M	1000	$12.55	Acquired	42305	Direct
2013-05-14	Common Shares of Beneficial Interest - $.001 Par Value	M	2000	$14.13	Acquired	44305	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-05-14	Options to Purchase Common Shares	$12.55	M	1000	Disposed	2014-05-06	Common Shares (1000)	Direct
2013-05-14	Options to Purchase Common Shares	$14.13	M	2000	Disposed	2014-08-04	Common Shares (2000)	Direct

Footnotes

F1: On May 14th, Mr. Wielansky exercised Options to purchase these Common Shares of Beneficial Interest.

F2: On May 14th, Mr. Wielansky exercised these Options, which were granted to him on May 6, 2004, to purchase Common Shares of Beneficial Interest.

F3: On May 14th, Mr. Wielansky exercised these Options, which were granted to him on August 4, 2004, to purchase Common Shares of Beneficial Interest.