ACADIA REALTY TRUST — Director's Dealing 2014

Jun 6, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ACADIA REALTY TRUST (AKR)
CIK: 0000899629
Period of Report: 2014-06-04

Reporting Person: CROCKER DOUGLAS II (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-06-04	Common Shares of Beneficial Interest - $.001 Par Value	A	2369	$27.4413	Acquired	30462	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-06-04	Limited Partnership Units	$27.4413	A	1518	Acquired		Common Shares of Beneficial Interest (1518)	Direct

Footnotes

F1: This grant was awarded in connection with the payment of annual Trustee fees. These Shares shall vest according to the following schedule: one-third shall vest on June 4, 2015, one-third shall vest on June 4, 2016 and the remaining third shall vest on June 4, 2017.

F2: This number represents 4,696 unvested, restricted Shares and 25,766 vested Shares.

F3: Trustees have the option to convert all or part of any cash payment due to them under the Trust Compensation Plan to restricted limited partnership units in Acadia Realty Limited Partnership (LTIP Units) with a vesting period of one year at a 10% discount to the preceding 20-day average share price from the date of issuance. These LTIP Units reflect the portion of Mr. Crocker's cash compensation that he elected to receive in LTIP Units and represent the number he was entitled to receive after giving effect to the 10% discount.