Jeffrey R. Sprain - Jun 17, 2021 Form 4/A - Amendment Insider Report for PREFERRED APARTMENT COMMUNITIES INC (APTS)

Role
Executive Vice President, General Counsel and Secretary
Signature
/s/ Jeffrey R. Sprain
Stock symbol
APTS
Transactions as of
Jun 17, 2021
Transactions value $
-$9,100
Form type
4/A - Amendment
Date filed
6/21/2021, 04:06 PM
Date Of Original Report
Jun 21, 2021
Next filing
Aug 31, 2021

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 -$9.1K -865 -2.65% $10.52 31.7K Jun 17, 2021 Direct F1, 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 10,331 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, 2,583 shares vested. The reporting person elected, pursuant to their restricted stock agreement, to satisfy their tax obligation by withholding 873 shares having a value approximately equal to the withholding obligation.
F2 This amended Form 4 is being filed to correct the number of shares withheld for the reporting person's tax obligation from 873 to 865 and the resulting change in securities beneficially owned following the withholding from 31,723 to 31,731.

Remarks:

Executive Vice President, General Counsel and Secretary