0001415889-22-003701.txt : 20220404
0001415889-22-003701.hdr.sgml : 20220404
20220404160359
ACCESSION NUMBER: 0001415889-22-003701
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20220331
FILED AS OF DATE: 20220404
DATE AS OF CHANGE: 20220404
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: 22802064
MAIL ADDRESS:
STREET 1: 3625 CUMBERLAND BOULDEVARD
STREET 2: SUITE 400
CITY: ATLANTA
STATE: GA
ZIP: 30339
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
4
1
form4-04042022_010437.xml
X0306
4
2022-03-31
0001481832
PREFERRED APARTMENT COMMUNITIES INC
APTS
0001506195
CRONIN MICHAEL JOSEPH
PREFERRED APARTMENT COMMUNITIES, INC.
3284 NORTHSIDE PARKWAY NW, SUITE 150
ATLANTA
GA
30327
false
true
false
false
EVP, CAO AND TREASURER
Common Stock, par value $0.01 per share
111308
D
Class A Units
0
2022-03-31
4
A
0
9772
A
Common Stock
9.772
9772
D
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.
On January 2, 2018, the reporting person was awarded a maximum of 9,772 Class B Units of the Operating Partnership ("2018 Class B Units") issued in lieu of any reimbursement for annual cash compensation for 2018, 2019 and 2020, subject to certain performance and time-based conditions. As of March 31, 2022, all performance and time based conditions were met for the 2018 Class B Units. When earned and vested, each Class B Unit is converted into a Class A Unit. As of April 1, 2022, the Compensation Committee of the Board of Directors of the Company determined that the extent to which the performance conditions had been achieved during the performance period resulted in 100% of the 2018 Class B Units becoming earned 2018 Class B Units.
/s/ Jeffrey R. Sprain, Attorney-in-Fact
2022-04-04