John J. Gottfried - 14 Nov 2023 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 Nov 2023
Net transactions value: -$188,000
Form type: 4
Filing time: 16 Nov 2023, 16:17:07 UTC
Previous filing: 22 Feb 2023
Next filing: 22 Jan 2024
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	+12,500	+164%	$0.000000	20,100	14 Nov 2023	Direct
transaction	AKR	Common Shares of Beneficial Interest - $.001 Par Value	Sale	$188,000	-12,500	-62%	$15.04	7,600	14 Nov 2023	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	-12,500	-5.2%	$0.000000	227,287	14 Nov 2023	Common Shares of Beneficial Interest	12,500	$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 3 separate sales transactions at a weighted average sales price of $15.0423. The actual price at which these shares were sold range from $15.04 to $15.06 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 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 Acadia Realty Trust. There is no expiration date for the conversion of LTIP Units or OP Units.

Content

These shares were sold in 3 separate sales transactions at a weighted average sales price of $15.0423. The actual price at which these shares were sold range from $15.04 to $15.06 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 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 Acadia Realty Trust. There is no expiration date for the conversion of LTIP Units or OP Units.