Form 4 for AKR ACADIA REALTY TRUST
Accepted 2021-09-14 00:00:00 ET · period of report 2021-09-13 · accession 0001209191-21-055910 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2021-09-14 | 2021-09-13 | AKR | KELLAR LORRENCE T | Dir | C - Cnv Deriv | $0.00 | +8,000 | 47.9K | +20% | $0 |
| D | 2021-09-14 | 2021-09-13 | AKR | KELLAR LORRENCE T | Dir | S - Sale | $20.72 | -2,500 | 45.4K | -5% | -$51.8K |
| D | 2021-09-14 | 2021-09-13 | AKR | KELLAR LORRENCE T | Dir | C - Cnv Deriv | $0.00 | -8,000 | 42.4K | -16% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Shares of Beneficial Interest - $.001 Par Value | 2021-09-13 | C | A | 8,000 | $0.00 | 47,861 | D | — | — | |
| 2 | Common | Common Shares of Beneficial Interest - $.001 Par Value | 2021-09-13 | S | D | 2,500 | $20.72 | 45,361 | D | — | — | (F1) 37,273 common shares of beneficial interest ("Common Shares") of Acadia Realty Trust (the "Company") are held through the Lorrence T. Kellar Revocable Trust dated July 20, 2005 as Amended (the "Trust"). Mr. Kellar is the sole trustee of the Trust, with sole voting and/or investment power with respect to such Common Shares, and the sole beneficiary of the Trust. Therefore, Mr. Kellar may be deemed to be the beneficial owner of such Common Shares. |
| 3 | Derivative | Limited Partnership Units | 2021-09-13 | C | D | 8,000 | $0.00 | 42,355 | D | $0.00 · — to — | 8,000 Common Shares of Beneficial Interest | (F2) These LTIP Units in Acadia Realty Limited Partnership ("ARLP") represent a portion of the LTIPs that were previously granted to Mr. Kellar, which vested in accordance with the terms of each grant. LTIP Units are a class of Units of ARLP that, following the occurrence of certain events and upon vesting, are convertible by the holder into an equivalent number of common units of limited partnership interest of ARLP ("OP Units") which, in turn, are exchangeable on a 1:1 basis for Common Shares or the cash value of such Common Shares. There is no expiration date for the conversion of LTIP Units or OP Units. |