0001552781-15-000692.txt : 20150707 0001552781-15-000692.hdr.sgml : 20150707 20150707164515 ACCESSION NUMBER: 0001552781-15-000692 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20150706 FILED AS OF DATE: 20150707 DATE AS OF CHANGE: 20150707 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: ACRE REALTY INVESTORS INC CENTRAL INDEX KEY: 0001011109 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 562122873 STATE OF INCORPORATION: GA FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 399 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 212 878-3504 MAIL ADDRESS: STREET 1: 399 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10022 FORMER COMPANY: FORMER CONFORMED NAME: ROBERTS REALTY INVESTORS INC DATE OF NAME CHANGE: 19960322 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: ROBERTS CHARLES S CENTRAL INDEX KEY: 0000084353 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-13183 FILM NUMBER: 15976968 MAIL ADDRESS: STREET 1: 450 NORTHRIDGE PARKWAY STREET 2: SUITE 300 CITY: ATLANTA STATE: GA ZIP: 30350 4 1 e00280_roberts-form4.xml OWNERSHIP DOCUMENT X0306 4 2015-07-06 0 0001011109 ACRE REALTY INVESTORS INC AIII 0000084353 ROBERTS CHARLES S 375 NORTHRIDGE ROAD SUITE 330 ATLANTA GA 30350 1 1 1 0 Executive Vice President Common Stock, par value $.01 per share 2015-07-06 4 S 0 155 1.60 D 4282634 D As part of Mr. Roberts' long range estate and tax plan, he is selling a limited number of shares of Company common stock under a one year Rule 10(b)5-1 Plan. Additionally, Rule 144 restricts the number of shares that Mr. Roberts can sell in any three month period to the greater of 1% of the total number of Company shares outstanding or the average weekly reported volume of trading in Company shares for the four preceding trading weeks. Based on the restrictions under Rule 144 on the number of shares Mr. Roberts can sell each quarter, it would take more than 6 years to sell his holdings in the Company if he sold the maximum number of shares allowed each quarter. Given the length of time necessary to diversify some of Mr. Roberts' holdings, he has decided to sell a limited portion of his shares each quarter for the next year in order to accomplish his estate and tax planning objectives. Mr. Roberts' spouse owns 258,705 shares of Company common stock. Mr. Roberts disclaims beneficial ownership of those shares which are included in Column 5 above. /s/ Charles S. Roberts 2015-07-07