X0306 4 2016-11-30 1 0000903127 POST PROPERTIES INC PPS 0001186880 DE WAAL RONALD 4401 NORTHSIDE PARKWAY SUITE 800 ATLANTA GA 30327-3057 1 0 0 0 Common Stock 2016-11-30 4 D 0 43233 D 0 D Common Stock 2016-11-30 4 D 0 112700 D 0 I By corporation Phantom Units 2016-11-30 4 D 0 20826 D Common Stock 20826 0 D As of November 30, 2016, Issuer was acquired by Mid-America Apartment Communities, Inc. ("MAA") pursuant to a merger agreement dated August 15, 2016 (Merger Agreement"), as described in the Issuer/MAA Joint Proxy Statement dated September 30, 2016 and filed by MAA with the SEC on that date (the "Merger"). Each outstanding share of Issuer Common Stock was converted into .71 shares of MAA Common Stock ("Exchange Ratio") with cash paid for fractional shares. All dispositions by Reporting Person in the Merger were approved in advance by Issuer's Board of Directors. Phantom stock units were held in the Post Properties, Inc. Amended and Restated Deferred Compensation Plan. Value of the units was settled in cash in accordance with the Merger Agreement. /s/ Sherry W. Cohen, Power of Attorney 2016-11-30