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

Signature
/s/ Jeffrey R. Sprain, attorney-in-fact
Stock symbol
APTS
Transactions as of
Jun 17, 2021
Transactions value $
-$13,623
Form type
4
Date filed
6/21/2021, 07:36 AM
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 per share Tax liability -$13.6K -1.3K -4.8% $10.52 25.7K 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 3.41K Jun 17, 2021 Common Stock 3.41K 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 13,774 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, 3,444 shares vested. The reporting person elected, pursuant to their restricted stock agreement, to satisfy their tax obligation by withholding 1,295 shares having a value 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.