ACADIA REALTY TRUST — Director's Dealing 2013

Mar 18, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ACADIA REALTY TRUST (AKR)
CIK: 0000899629
Period of Report: 2013-03-14

Reporting Person: MASTERS ROBERT (Sr. VP and General Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-03-14	Common Shares of Beneficial Interest - $.001 Par Value	M	3655	$16.35	Acquired	14652	Direct
2013-03-14	Common Shares of Beneficial Interest - $.001 Par Value	M	2734	$20.65	Acquired	17386	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-03-14	Options to Purchase Common Shares	$16.35	M	3655	Disposed	2015-01-03	Common Shares (3655)	Direct
2013-03-14	Options to Purchase Common Shares	$20.65	M	2734	Disposed	2016-01-06	Common Shares (2734)	Direct

Footnotes

F1: On March 13, 2013, Mr. Masters exercised Options to purchase Common Shares of Beneficial Interest.

F2: This number represents the total number of vested, Common Shares now held by Mr. Masters.

F3: This number represents the total number of Options now held by Mr. Masters.