Jeffrey R. Sprain - Mar 15, 2022 Form 4 Insider Report for PREFERRED APARTMENT COMMUNITIES INC (APTS)

Signature
/s/ Jeffrey R Sprain
Stock symbol
APTS
Transactions as of
Mar 15, 2022
Transactions value $
-$16,565
Form type
4
Date filed
3/17/2022, 04:17 PM
Previous filing
Jan 14, 2022
Next filing
Jun 23, 2022

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 -$16.6K -661 -1.9% $25.06 34K Mar 15, 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 7,016 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, 1,754 shares vested. The reporting person elected, pursuant to their restricted stock agreement, to satisfy their tax obligation by withholding 661 shares having a value approximately equal to the withholding obligation.