Jason Blacksberg - Nov 3, 2021 Form 4 Insider Report for ACADIA REALTY TRUST (AKR)

Signature
/s/ Jason Blacksberg
Stock symbol
AKR
Transactions as of
Nov 3, 2021
Transactions value $
-$171,660
Form type
4
Date filed
11/5/2021, 04:40 PM
Previous filing
Jun 1, 2021
Next filing
Feb 23, 2022

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 +6K $0.00 6K Nov 3, 2021 Direct
transaction AKR Common Shares of Beneficial Interest - $.001 Par Value Sale -$137K -6K -100% $22.81 0 Nov 3, 2021 Direct F1
transaction AKR Common Shares of Beneficial Interest - $.001 Par Value Conversion of derivative security $0 +1.5K $0.00 1.5K Nov 5, 2021 Direct
transaction AKR Common Shares of Beneficial Interest - $.001 Par Value Sale -$34.8K -1.5K -100% $23.20 0 Nov 5, 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 -6K -4.61% $0.00 124K Nov 3, 2021 Common Shares of Beneficial Interest 6K $0.00 Direct F2
transaction AKR Limited Partnership Units Conversion of derivative security $0 -1.5K -1.21% $0.00 123K Nov 5, 2021 Common Shares of Beneficial Interest 1.5K $0.00 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares were sold in 51 separate sales transactions at a weighted average sales price of $22.81. The actual price at which these shares were sold range from $22.77 to $22.85 per share. Mr. Blacksberg will provide, upon request by the Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full, detailed information regarding the number of shares sold at each separate price.
F2 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.