X0303 4 2009-01-06 0 0000899629 ACADIA REALTY TRUST AKR 0001218913 NAPOLITANO JOSEPH C/O ACADIA REALTY TRUST 1311 MAMARONECK AVENUE, SUITE 260 WHITE PLAINS NY 10605 0 1 0 0 Sr. Vice President Common Shares of Beneficial Interest - $.001 Par Value 2009-01-06 4 F 0 5102 14.43 D 19626 D Mr. Napolitano canceled these shares in order to satisfy his tax obligation arising from the vesting of 11,108 Shares previously granted as Restricted Shares. This number represents 12,113 unvested, Restricted Shares and 7,513 vested Shares. /s/ Joseph Napolitano 2009-01-07