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ACADIA REALTY TRUST — Director's Dealing 2014
Mar 4, 2014
31420_dirs_2014-03-04_76d245d1-ab14-40db-b74c-e79c3ca1f67d.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: 2014-02-28
Reporting Person: Conlon Christopher (Executive Vice President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2014-03-03 | Common Shares of Beneficial Interest - $.001 Par Value | S | 12000 | $26.38 | Disposed | 0 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2014-02-28 | Limited Partnership Units | $25.90 | A | 46595 | Acquired | Common Shares of Beneficial Interest (46595) | Direct |
Footnotes
F1: These shares were sold in 12 separate sales transactions at a weighted average sales price of $26.38. The actual price at which these shares were sold range from $26.36 to $26.42 per share. Mr. Conlon 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.
F2: On February 28, 2014 ("Grant Date"), Mr. Conlon was awarded these restricted limited partnership units in Acadia Realty Limited Partnership ("LTIP Units"). 37,498 of these LTIP Units shall vest subject to the following schedule: equal amounts shall vest on February 28, 2015 (the "First Vesting Date") and on each of the first, second, third and fourth anniversaries thereof, provided that Mr. Conlon continues to be employed by the Company through the vesting date in question (each a "Vesting Date"). 50% of the remaining 9,097 LTIP Units will vest subject to the same schedule and Mr. Conlon's continued employment and the other 50% subject to the same schedule, Mr. Conlon's continued employment and Acadia Realty Trust (the "Company") achieving certain annual and cumulative benchmarks established by the Company's Board of Trustees.
F3: This number represents the total number of LTIP Units (18,235 vested and 97,091 unvested) now held by Mr. Conlon.