Armada Hoffler Properties, Inc. — Director's Dealing 2020

Feb 7, 2020

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: Armada Hoffler Properties, Inc. (AHH)
CIK: 0001569187
Period of Report: 2019-12-31

Reporting Person: KIRK A RUSSELL (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-12-19	Common Stock	G	13434	—	Disposed	41092	Direct
2019-12-25	Common Stock	G	1075	—	Disposed	40017	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-12-25	Common Units	$	G	7525	Disposed		Common Stock (7525)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	28305	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Common Units	$		Common Stock (36347)	36347	Indirect
Common Units	$		Common Stock (91)	91	Indirect

Footnotes

F1: Includes shares acquired pursuant to a dividend reinvestment program.

F2: Mr. Kirk disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.

F3: Represents Class A common units of limited partnership interest ("Common Units") in Armada Hoffler, L.P., the operating partnership of Armada Hoffler Properties, Inc. (the "Company") and of which the Company is the general partner. Commencing one year from the date of issuance, each Common Unit is redeemable for cash equal to the then-current market value of one share of the Company's common stock or, at the election of the Company, one share of the Company's common stock. All Common Units in this report were issued more than one year prior to the date hereof and, therefore, may be tendered for redemption by the holder. Common Units have no expiration date.

F4: Represents Mr. Kirk's pecuniary interest in Common Units held by a limited partnership.