ACADIA REALTY TRUST — Director's Dealing 2015

Feb 20, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ACADIA REALTY TRUST (AKR)
CIK: 0000899629
Period of Report: 2015-02-19

Reporting Person: KELLAR LORRENCE T (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-02-19	Common Shares of Beneficial Interest - $.001 Par Value	S	10000	$35.24	Disposed	39861	Direct

Footnotes

F1: These shares were sold in 64 separate sales transactions at a weighted average sales price of $35.24. The actual price at which these shares were sold range from $35.16 to $35.30 per share. Mr. Kellar 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: This number represents 37,519 vested, unrestricted Shares and 2,342 unvested, restricted Shares.