Jason Blacksberg - Jun 1, 2021 Form 4 Insider Report for ACADIA REALTY TRUST (AKR)

Role: Sr. VP and General Counsel
Signature: /s/ Jason Blacksberg
Stock symbol: AKR
Transactions as of: Jun 1, 2021
Transactions value $: -$66,390
Form type: 4
Date filed: 6/1/2021, 04:28 PM
Next filing: Nov 5, 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	Conversion of derivative security	$0	+3K		$0.00	3K	Jun 1, 2021	Direct
transaction	AKR	Common Shares of Beneficial Interest - $.001 Par Value	Sale	-$66.4K	-3K	-100%	$22.13	0	Jun 1, 2021	Direct

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	AKR	Limited Partnership Units	Conversion of derivative security	$0	-3K	-2.25%	$0.00	130K	Jun 1, 2021	Common Shares of Beneficial Interest	3K	$0.00	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These LTIP Units in Acadia Realty Limited Partnership ("ARLP") represent a portion of the LTIPs that were previously granted to Mr. Blacksberg, 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.

Content

These LTIP Units in Acadia Realty Limited Partnership ("ARLP") represent a portion of the LTIPs that were previously granted to Mr. Blacksberg, 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.