0001638599-19-000045.txt : 20190104
0001638599-19-000045.hdr.sgml : 20190104
20190104150312
ACCESSION NUMBER: 0001638599-19-000045
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20190102
FILED AS OF DATE: 20190104
DATE AS OF CHANGE: 20190104
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: 19509621
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
doc4_5842.xml
PRIMARY DOCUMENT
X0306
4
2019-01-02
0
0001481832
PREFERRED APARTMENT COMMUNITIES INC
APTS
0001506195
CRONIN MICHAEL JOSEPH
PREFERRED APARTMENT COMMUNITIES, INC.
3284 NORTHSIDE PARKWAY NW, SUITE 150
ATLANTA
GA
30327
0
1
0
0
See Remarks
Common Stock, par value $0.01
0
D
Class A Units
0
2019-01-02
4
A
0
9536
A
Common Stock
9536
79567
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 4, 2016, the reporting person was awarded a maximum of 14,986 Class B Units of the Operating Partnership ("2016 Class B Units") issued in lieu of any reimbursement for annual cash compensation for 2016, 2017 and 2018, subject to certain performance and time-based conditions. As of January 3, 2017, all performance conditions were met for the 2016 Class B Units. When earned and vested, each Class B Unit is converted into a Class A Unit. On January 2, 2019, the final 4,996 2016 Class B Units vested and converted into Class A Units.
On January 3, 2017, the reporting person was awarded a maximum of 13,621 Class B Units of the Operating Partnership ("2017 Class B Units") issued in lieu of any reimbursement for annual cash compensation for 2017, 2018 and 2019, subject to certain performance and time-based conditions. As of January 2, 2018, all performance conditions were met for the 2017 Class B Units. On January 2, 2019, 4,540 of the 2017 Class B Units fully vested and were converted into Class A Units on that date. Subject to time-based conditions, the remaining 4,540 unvested 2017 Class B Units will vest on January 2, 2020 and will convert to Class A Units on that date.
Executive Vice President, Chief Accounting Officer and Treasurer
/s/ Jeffrey R. Sprain, as attorney-in-fact
2019-01-04