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ACADIA REALTY TRUST Director's Dealing 2014

Dec 10, 2014

31420_dirs_2014-12-10_8acdcc98-a9a2-4cae-adbc-c6f97d898cb4.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ACADIA REALTY TRUST (AKR)
CIK: 0000899629
Period of Report: 2014-12-08

Reporting Person: BRAUN JOEL L (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-12-08	Common Shares of Beneficial Interest - $.001 Par Value	M	7152	$16.35	Acquired	33287	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-12-08	Options to Purchase Common Shares	$16.35	M	7152	Disposed	2015-01-06	Common Shares (7152)	Direct

Footnotes

F1: On December 8, 2014, Mr. Braun exercised 7,152 Options to purchase Common Shares of Beneficial Interest. These Options were awarded to Mr. Braun on January 6, 2005.

F2: This number represents the total number of vested, unrestricted shares now held by Mr. Braun.

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