ACADIA REALTY TRUST — Director's Dealing 2014

Jun 10, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ACADIA REALTY TRUST (AKR)
CIK: 0000899629
Period of Report: 2014-06-09

Reporting Person: Grisham Jonathan William (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-06-09	Common Shares of Beneficial Interest - $.001 Par Value	M	2384	$16.35	Acquired	21560	Direct
2014-06-09	Common Shares of Beneficial Interest - $.001 Par Value	S	2384	$27.959	Disposed	19176	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-06-09	Options to Purchase Common Shares	$16.35	M	2384	Disposed	2015-01-02	Common Shares (2384)	Direct

Footnotes

F1: On June 9, 2014, Mr. Grisham exercised 2,384 Options to purchase Common Shares of Beneficial Interest.

F2: These shares were sold in 13 separate sales transactions at a weighted average sales price of $27.959. The actual price at which these shares were sold range from $27.91 to $28.02 per share. Mr. Grisham will provide, upon request by the Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full, detailed information regarding the number of shares sold at each separate price.

F3: This number represents the total number Shares (all vested, unrestricted) now held by Mr. Grisham.

F4: This number represents the total number of Options now held by Mr. Grisham.