ACADIA REALTY TRUST — Director's Dealing 2016

Mar 7, 2016

SEC Form 4/A — Form 4/A

Issuer: ACADIA REALTY TRUST (AKR)
CIK: 0000899629
Period of Report: 2015-08-28

Reporting Person: ZOBA C DAVID (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-08-28	Limited Partnership Units	$31.59	A	1715	Acquired		Common Shares of Beneficial Interest (1715)	Direct
2015-08-28	Limited Partnership Units	$31.59	A	1900	Acquired		Common Shares of Beneficial Interest (1900)	Direct

Footnotes

F1: This grant was awarded in connection with the payment of annual Trustee fees. 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. Zoba's cash compensation that he elected to receive in LTIP Units and represent the number of LTIP Units he was entitled to receive after giving effect to the 10% discount.

F2: This grant was awarded in connection with the payment of annual Trustee fees. These LTIP Units reflect the portion of Mr. Zoba's stock compensation that he elected to receive in LTIP Units and they shall vest according to the following schedule: one-third shall vest on August 28, 2016, one-third shall vest on August 28, 2017 and the remaining third shall vest on August 28, 2018, pursuant to the Trust Compensation Plan.