John Gottfried - Mar 14, 2022 Form 4 Insider Report for ACADIA REALTY TRUST (AKR)

Role: Executive VP and CFO
Signature: /s/ John Gottfried
Stock symbol: AKR
Transactions as of: Mar 14, 2022
Transactions value $: -$327,750
Form type: 4
Date filed: 3/14/2022, 04:22 PM
Previous filing: Feb 23, 2022
Next filing: Feb 22, 2023

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	+15K	+197.37%	$0.00	22.6K	Mar 14, 2022	Direct
transaction	AKR	Common Shares of Beneficial Interest - $.001 Par Value	Sale	-$328K	-15K	-66.37%	$21.85	7.6K	Mar 14, 2022	Direct	F1

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	-15K	-7.88%	$0.00	175K	Mar 14, 2022	Common Shares of Beneficial Interest	15K	$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 4 separate sales transactions at a weighted average sales price of $21.85. The actual price at which these shares were sold range from $21.85 to $21.85 per share. Mr. Gottfried 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. Gottfried, 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 shares were sold in 4 separate sales transactions at a weighted average sales price of $21.85. The actual price at which these shares were sold range from $21.85 to $21.85 per share. Mr. Gottfried 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.

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