Michael Joseph Cronin - Dec 21, 2021 Form 4 Insider Report for PREFERRED APARTMENT COMMUNITIES INC (APTS)

Role
EVP, CAO AND TREASURER
Signature
/s/ Jeffrey R Sprain, Attorney-in-Fact
Stock symbol
APTS
Transactions as of
Dec 21, 2021
Transactions value $
$0
Form type
4
Date filed
12/27/2021, 03:46 PM
Previous filing
Jun 21, 2021
Next filing
Jan 14, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction APTS Common Stock, par value $0.01 Conversion of derivative security +28.6K +37.02% 106K Dec 21, 2021 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 APTS Class A Units Conversion of derivative security -28.6K -100% 0 Dec 21, 2021 Common Stock 28.6K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person redeemed 28,607 Class A Units of the Operating Partnership, of which the issuer is the general partner. Each Class A Unit may be exchanged for one share of the Company's common stock, or cash, as selected by the issuer. The issuer elected to redeem the reporting person's Class A Units with common stock. Class A Units have no expiration date.