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