Michael Joseph Cronin - Jun 17, 2021 Form 4 Insider Report for PREFERRED APARTMENT COMMUNITIES INC (APTS)

Role
EVP , Chief Accounting Officer and Treasurer
Signature
/s/Jeffrey R. Sprain, as attorney-in-fact
Stock symbol
APTS
Transactions as of
Jun 17, 2021
Transactions value $
-$8,532
Form type
4
Date filed
6/21/2021, 07:35 AM
Next filing
Dec 27, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction APTS Common Stock, par value $0.01 Tax liability -$8.53K -811 -1.04% $10.52 77.3K Jun 17, 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
holding APTS Class A Units 28.6K Jun 17, 2021 Common Stock 28.6K Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On June 17, 2020, the reporting person was issued 9,642 shares of time-based restricted common stock. The time-based restricted common stock vests approximately equally on June 17, 2021, June 17, 2022, June 17, 2023 and June 17, 2024. On June 17, 2021, 2,411 shares vested. The reporting person elected, pursuant to their restricted stock agreement, to satisfy their tax obligation by withholding 811 shares having a value approximately equal to the withholding obligation.
F2 Represents Class A Units ("Class A Units") of Preferred Apartment Communities Operating Partnership, L.P., of which Preferred Apartment Communities, Inc. (the "Company") 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 Company. Class A Units have no expiration date.

Remarks:

EVP , Chief Accounting Officer and Treasurer