Michael Aide - 15 Mar 2022 Form 4 Insider Report for PREFERRED APARTMENT COMMUNITIES INC

Role: PRESIDENT - RETAIL
Signature: /s/ Jeffrey R Sprain, Attorney-in-Fact
Issuer symbol: N/A
Transactions as of: 15 Mar 2022
Net transactions value: -$30,222
Form type: 4
Filing time: 17 Mar 2022, 16:16:31 UTC
Previous filing: 14 Jan 2022
Next filing: 28 Apr 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	APTS	Common Stock, par value $0.01 per share	Tax liability	$30,222	-1,206	-3.6%	$25.06	32,416	15 Mar 2022	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On March 15, 2021, the reporting person was issued 11,693 shares of time-based restricted common stock. The time-based restricted common stock vests approximately equally on March 15, 2022, March 15, 2023, March 15, 2024 and March 15, 2025. On March 15, 2022, 2,923 shares vested. The reporting person elected, pursuant to their restricted stock agreement, to satisfy their tax obligation by withholding 1,206 shares having a value approximately equal to the withholding obligation.

Content

On March 15, 2021, the reporting person was issued 11,693 shares of time-based restricted common stock. The time-based restricted common stock vests approximately equally on March 15, 2022, March 15, 2023, March 15, 2024 and March 15, 2025. On March 15, 2022, 2,923 shares vested. The reporting person elected, pursuant to their restricted stock agreement, to satisfy their tax obligation by withholding 1,206 shares having a value approximately equal to the withholding obligation.