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