Terry Considine - Feb 2, 2022 Form 4 Insider Report for APARTMENT INVESTMENT & MANAGEMENT CO (AIV)

Role
Director
Signature
Terry Considine
Stock symbol
AIV
Transactions as of
Feb 2, 2022
Transactions value $
$0
Form type
4
Date filed
2/4/2022, 06:38 PM
Previous filing
Feb 3, 2022
Next filing
Feb 1, 2023

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction AIV LTIP II Units of Aimco OP L.P. Award +171K +41.28% 584K Feb 2, 2022 Partnership Common Units 171K Direct F1, F2, F3, F4, F5
transaction AIV LTIP II Units of Aimco OP L.P. Award +563K +96.49% 1.15M Feb 2, 2022 Partnership Common Units 563K Direct F2, F5, F6, F7
transaction AIV LTIP II Units of Aimco OP L.P. Award +175K +15.29% 1.32M Feb 2, 2022 Partnership Common Units 175K Direct F2, F5, F8, F9, F10, F11, F12, F13
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Taking into account the transactions reported on this form, Mr. Considine has an overall equity stake in the company of 9,258,985 shares, partnership units, and options, the details of which are more fully described in footnotes 10, 11, 12, and 13 below.
F2 Pursuant to the Amended and Restated Agreement of Limited Partnership of Aimco OP L.P. (the "Partnership Agreement"), a holder of LTIP Units has the right to convert all or a portion of such holder's vested LTIP Units into Partnership Common Units (as such term is defined in the Partnership Agreement). Pursuant to the Partnership Agreement, holders of Partnership Common Units have the right to require Aimco OP L.P. to redeem such holder's Partnership Common Units, which redemption may be for Class A Common Stock of Apartment Investment and Management Company or a cash amount equal to the value of such shares of Class A Common Stock pursuant to the formula set forth in the Partnership Agreement. The form of currency upon redemption is determined in the sole discretion of Aimco OP L.P.
F3 Equity Award approved by Compensation and Human Resources Committee in connection with a portion of 2019 long-term incentive compensation, price column not applicable. Receipt of the LTIP Units was subject to satisfaction of total shareholder return criteria over the period compared to specified indices.
F4 The LTIP Units vest 50% on February 2, 2022, and 50% on January 29, 2023.
F5 The LTIP Units do not expire.
F6 Equity Award approved by Compensation and Human Resources Committee in connection with 2021 short-term incentive compensation, price column not applicable.
F7 The LTIP units vested 100% on February 2, 2022.
F8 Equity Award approved by Compensation and Human Resources Committee in connection with 2022 base compensation, price column not applicable.
F9 The LTIP Units vest 100% on February 2, 2023.
F10 The reporting person holds 184,745 shares of Class A Common Stock directly. The reporting person holds 1,690,099 shares of Class A Common Stock indirectly, of which 34,724 shares are held by the reporting person's spouse and 1,655,375 shares are held by a retirement plan for which the reporting person is the trustee and the reporting person's spouse is the sole participant in the plan. The reporting person disclaims beneficial ownership of the 1,690,099 shares held indirectly except to the extent of his pecuniary interest therein.
F11 In addition, the reporting person holds 2,439,557 common partnership units and equivalents in Aimco OP L.P. ("OP Units"). The 2,439,557 OP Units include 510,452 OP Units held directly by the reporting person, 179,735 OP Units held by an entity in which the reporting person has sole voting and investment power, 1,591,672 OP Units held by Titahotwo Limited Partnership RLLLP ("Titahotwo"), a registered limited liability limited partnership for which the reporting person serves as the general partner and holds a 0.5% ownership interest, and 157,698 OP Units held by the reporting person's spouse, for which the reporting person disclaims beneficial ownership except to the extent of his pecuniary interest therein. Including the transactions reported on this form, the reporting person holds 114,768 LTIP Units and 1,322,578 LTIP II Units.
F12 In addition, as part of his overall equity stake, the reporting person holds 2,756,681 unvested OP Units, the vesting of which are subject to certain performance criteria. Upon conclusion of the performance period and depending on the results thereof, the reporting person may vest in all, some, or none of the performance-based OP Units.
F13 In addition, as part of his overall equity stake, the reporting person holds 750,557 stock options, which are vested and exercisable.