Stein Michael A - Feb 4, 2022 Form 4 Insider Report for APARTMENT INVESTMENT & MANAGEMENT CO (AIV)

Role
Director
Signature
Michael A. Stein
Stock symbol
AIV
Transactions as of
Feb 4, 2022
Transactions value $
$0
Form type
4
Date filed
2/7/2022, 06:02 PM
Previous filing
May 7, 2021
Next filing
May 9, 2022

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 Units of Aimco OP L.P. Award +8K 8K Feb 4, 2022 Partnership Common Units 8K Direct F1, F2, F3
transaction AIV LTIP II Units of Aimco OP L.P. Award +41.4K 41.4K Feb 4, 2022 Partnership Common Units 41.4K Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 Award for director compensation; price column not applicable.
F3 The LTIP Units do not expire.