Form 4 for AKR ACADIA REALTY TRUST

Accepted 2023-06-01 00:00:00 ET · period of report 2023-05-31 · accession 0001209191-23-033323 · 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	2023-06-01	2023-05-31	AKR	NAPOLITANO JOSEPH	SVP	S - Sale	$12.92	+54.0K	118	New	+$698.2K
D	2023-06-01	2023-05-31	AKR	NAPOLITANO JOSEPH	SVP	C - Cnv Deriv	$0.00	+54.0K	54.2K	+45,797%	$0
D	2023-06-01	2023-05-31	AKR	NAPOLITANO JOSEPH	SVP	C - Cnv Deriv	$0.00	-54.0K	179.5K	-23%	$0

Purchase Sale Sale after option exercise All abbreviations

#	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	2023-05-31	S	A	54,040	$12.92	118	D	—	—	(F1) These shares were sold in 10 separate sales transactions at a weighted average sales price of $12.92. The actual price at which these shares were sold range from $12.87 to $12.96 per share. Mr. Napolitano 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.
2	Common	Common Shares of Beneficial Interest - $.001 Par Value	2023-05-31	C	A	54,040	$0.00	54,158	D	—	—
3	Derivative	Limited Partnership Units	2023-05-31	C	D	54,040	$0.00	179,502	D	$0.00 · — to —	54,040 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. Napolitano, which vested in accordance with the terms of each grant. The LTIPs are exchangeable on a 1:1 basis for common operating partnership units of ARLP ("OP Units") which, in turn, are exchangeable on a 1:1 basis for common shares of beneficial interest of the Company. There is no expiration date for the conversion of LTIP Units or OP Units.