ACADIA REALTY TRUST — Director's Dealing 2016

Feb 25, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ACADIA REALTY TRUST (AKR)
CIK: 0000899629
Period of Report: 2016-02-24

Reporting Person: CROCKER DOUGLAS II (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-02-24	Common Shares of Beneficial interest - $.001 Par Value	M	3000	$22.40	Acquired	37415	Direct
2016-02-24	Common Shares of Beneficial Interest - $.001 Par Vallue	S	3000	$33.1232	Disposed	34415	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-02-24	Options to Purchase Common Shares	$22.40	M	3000	Disposed	2016-05-15	Common Shares (3000)	Direct

Footnotes

F1: On February 24, 2016, Mr. Crocker exercised 3,000 Options to purchase Common Shares of Beneficial Interest.

F2: These shares were sold in 17 separate sales transactions at a weighted average sales price of $33.1232. The actual price at which these shares were sold range from $33.04 to $33.20 per share. Mr. Crocker 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.

F3: This number represents the total number of Shares (28,120 vested and 6,295 unvested) now held by Mr. Crocker.

F4: This number represents the total number of Options now held by Mr. Crocker.