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

Role: Executive VP and CFO
Signature: /s/ John Gottfried
Issuer symbol: AKR
Transactions as of: 14 Mar 2022
Net transactions value: -$327,750
Form type: 4
Filing time: 14 Mar 2022, 16:22:09 UTC
Previous filing: 23 Feb 2022
Next filing: 22 Feb 2023
SEC: View on sec.gov

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	+15,000	+197%	$0.000000	22,600	14 Mar 2022	Direct
transaction	AKR	Common Shares of Beneficial Interest - $.001 Par Value	Sale	$327,750	-15,000	-66%	$21.85	7,600	14 Mar 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	-15,000	-7.9%	$0.000000	175,300	14 Mar 2022	Common Shares of Beneficial Interest	15,000	$0.000000	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.