0001144204-16-074297.txt : 20160106
0001144204-16-074297.hdr.sgml : 20160106
20160106115111
ACCESSION NUMBER: 0001144204-16-074297
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20160104
FILED AS OF DATE: 20160106
DATE AS OF CHANGE: 20160106
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: PREFERRED APARTMENT COMMUNITIES INC
CENTRAL INDEX KEY: 0001481832
STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798]
IRS NUMBER: 271712193
STATE OF INCORPORATION: MD
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 3284 NORTHSIDE PARKWAY NW
STREET 2: SUITE 150
CITY: ATLANTA
STATE: GA
ZIP: 30327
BUSINESS PHONE: 770 818 4100
MAIL ADDRESS:
STREET 1: 3284 NORTHSIDE PARKWAY NW
STREET 2: SUITE 150
CITY: ATLANTA
STATE: GA
ZIP: 30327
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: CRONIN MICHAEL JOSEPH
CENTRAL INDEX KEY: 0001506195
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-34995
FILM NUMBER: 161325871
MAIL ADDRESS:
STREET 1: 3625 CUMBERLAND BOULDEVARD
STREET 2: SUITE 400
CITY: ATLANTA
STATE: GA
ZIP: 30339
4
1
form476458_20160106115040-.xml
X0306
4
2016-01-04
0
0001481832
PREFERRED APARTMENT COMMUNITIES INC
APTS
0001506195
CRONIN MICHAEL JOSEPH
PREFERRED APARTMENT COMMUNITIES, INC.
3284 NORTHSIDE PARKWAY NW, SUITE 150
ATLANTA
GA
US 30327
0
1
0
0
See Remarks
Common Stock, par value $0.01
2500
D
Class A Units
2016-01-04
4
A
0
17406
0
A
Common Stock
17406
71960
D
Represents Class A Units ("Class A Unit") of Preferred Apartment Communities Operating Partnership, L.P. (the "Operating Partnership"), of which Preferred Apartment Communities, Inc. (the "Company") is the general partner. On January 2, 2015, the reporting person was awarded a maximum of 17,406 Class B Units of the Operating Partnership ("Class B Units") issued in lieu of any reimbursement for annual cash compensation for 2015, subject to certain performance conditions. When earned and vested, each Class B Unit is converted into a Class A Unit. 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 do not expire.
As of January 4, 2016, the Compensation Committee of the Board of Directors of the Company determined that the extent to which the performance measures had been achieved during the performance period resulted in 100%, or 17,406, of the Class B Units becoming earned Class B Units. The earned Class B Units fully vested on January 4, 2016 and were converted into Class A Units on that date.
Executive Vice President, Chief Accounting Officer and Treasurer
/s/ Jeffrey R. Sprain, as attorney-in-fact
2016-01-06