Lynn C. Thurber - May 6, 2021 Form 4 Insider Report for ACADIA REALTY TRUST (AKR)

Role
Director
Signature
/s/ Lynn Thurber
Stock symbol
AKR
Transactions as of
May 6, 2021
Transactions value $
$211,110
Form type
4
Date filed
5/7/2021, 04:13 PM
Next filing
Jun 29, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AKR Common Shares of Beneficial Interest - $.001 Par Value Award $111K +5.42K +13.22% $20.52 46.4K May 6, 2021 Direct F1
transaction AKR Common Shares of Beneficial Interest - $.001 Par Value Award $100K +4.87K +10.51% $20.52 51.2K May 6, 2021 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This grant was awarded in connection with the payment of annual Trustee fees. Trustees have the option to convert all or part of any cash payment due to them under the Trust Compensation Plan to Common Shares with a vesting period of one year at a 10% discount to the preceding 20-day average share price from the date of issuance. These shares reflect the portion of Ms. Thurber's cash compensation that she elected to receive in shares and represent the number of shares she was entitled to receive after giving effect to the 10% discount. These shares shall vest on May 9, 2022.
F2 This grant was awarded in connection with the payment of annual Trustee fees. These shares shall vest according to the following schedule: one-third shall vest on May 9, 2022, one-third shall vest on May 9, 2023 and the remaining third shall vest on May 9, 2024, pursuant to the Trust Compensation Plan.
F3 19,736 Common Shares are held through the Lynn C Thurber Revocable Trust (the "Trust"). Ms. Thurber 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, Ms. Thurber may be deemed to be the beneficial owner of such Common Shares.