John Rayis - Mar 1, 2022 Form 4 Insider Report for Apartment Income REIT Corp. (AIRC)

Role
Director
Signature
John D. Rayis
Stock symbol
AIRC
Transactions as of
Mar 1, 2022
Transactions value $
$25,261
Form type
4
Date filed
3/3/2022, 05:29 PM
Previous filing
Feb 22, 2022
Next filing
May 9, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AIRC Class A Common Stock Purchase $25.3K +500 +7.23% $50.52 7.41K Mar 1, 2022 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 In addition to the 7,412 shares held directly, the reporting person holds 3,000 LTIP Units. Pursuant to the Seventh Amended and Restated Agreement of Limited Partnership of Apartment Income REIT, 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 Apartment Income REIT, L.P. to redeem such holder's Partnership Common Units, which redemption may be for Class A Common Stock of Apartment Income REIT Corp. 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 Apartment Income REIT, L.P.