ACADIA REALTY TRUST — Director's Dealing 2016

Feb 22, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ACADIA REALTY TRUST (AKR)
CIK: 0000899629
Period of Report: 2016-02-22

Reporting Person: BERNSTEIN KENNETH F (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-02-22	Common Shares of Beneficial Interest - $.001 Par Value	S	36000	$33.47	Disposed	340361	Direct

Footnotes

F1: These sold shares represent those issued to Mr. Bernstein on November 16, 2015 as a result of the exercise of 36,034 options granted to him on January 6, 2006.

F2: These shares were sold in 13 separate sales transactions at a weighted average sales price of $33.47. The actual price at which these shares were sold range from $33.40 to $33.56 per share. Mr. Bernstein 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.