0001062993-22-002737.txt : 20220204 0001062993-22-002737.hdr.sgml : 20220204 20220204193807 ACCESSION NUMBER: 0001062993-22-002737 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20220202 FILED AS OF DATE: 20220204 DATE AS OF CHANGE: 20220204 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: CONSIDINE TERRY CENTRAL INDEX KEY: 0001229384 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-13232 FILM NUMBER: 22595188 MAIL ADDRESS: STREET 1: 4582 SOUTH ULSTER STREET PARKWAY STREET 2: SUITE 1100 CITY: DENVER STATE: CO ZIP: 80237 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: APARTMENT INVESTMENT & MANAGEMENT CO CENTRAL INDEX KEY: 0000922864 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 841259577 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 4582 SOUTH ULSTER STREET STREET 2: SUITE 1100 CITY: DENVER STATE: CO ZIP: 80237 BUSINESS PHONE: 3037578101 MAIL ADDRESS: STREET 1: 4582 SOUTH ULSTER STREET STREET 2: SUITE 1100 CITY: DENVER STATE: CO ZIP: 80237 4 1 form4.xml STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES X0306 4 2022-02-02 0000922864 APARTMENT INVESTMENT & MANAGEMENT CO AIV 0001229384 CONSIDINE TERRY 4582 S. ULSTER STREET SUITE 1700 DENVER CO 80237 1 0 0 0 LTIP II Units of Aimco OP L.P. 2022-02-02 4 A 0 170574 A Partnership Common Units 170574 583805 D LTIP II Units of Aimco OP L.P. 2022-02-02 4 A 0 563334 A Partnership Common Units 563334 1147139 D LTIP II Units of Aimco OP L.P. 2022-02-02 4 A 0 175439 A Partnership Common Units 175439 1322578 D Taking into account the transactions reported on this form, Mr. Considine has an overall equity stake in the company of 9,258,985 shares, partnership units, and options, the details of which are more fully described in footnotes 10, 11, 12, and 13 below. Pursuant to the Amended and Restated Agreement of Limited Partnership of Aimco OP L.P. (the "Partnership Agreement"), a holder of LTIP Units has the right to convert all or a portion of such holder's vested LTIP Units into Partnership Common Units (as such term is defined in the Partnership Agreement). Pursuant to the Partnership Agreement, holders of Partnership Common Units have the right to require Aimco OP L.P. to redeem such holder's Partnership Common Units, which redemption may be for Class A Common Stock of Apartment Investment and Management Company or a cash amount equal to the value of such shares of Class A Common Stock pursuant to the formula set forth in the Partnership Agreement. The form of currency upon redemption is determined in the sole discretion of Aimco OP L.P. Equity Award approved by Compensation and Human Resources Committee in connection with a portion of 2019 long-term incentive compensation, price column not applicable. Receipt of the LTIP Units was subject to satisfaction of total shareholder return criteria over the period compared to specified indices. The LTIP Units vest 50% on February 2, 2022, and 50% on January 29, 2023. The LTIP Units do not expire. Equity Award approved by Compensation and Human Resources Committee in connection with 2021 short-term incentive compensation, price column not applicable. The LTIP units vested 100% on February 2, 2022. Equity Award approved by Compensation and Human Resources Committee in connection with 2022 base compensation, price column not applicable. The LTIP Units vest 100% on February 2, 2023. The reporting person holds 184,745 shares of Class A Common Stock directly. The reporting person holds 1,690,099 shares of Class A Common Stock indirectly, of which 34,724 shares are held by the reporting person's spouse and 1,655,375 shares are held by a retirement plan for which the reporting person is the trustee and the reporting person's spouse is the sole participant in the plan. The reporting person disclaims beneficial ownership of the 1,690,099 shares held indirectly except to the extent of his pecuniary interest therein. In addition, the reporting person holds 2,439,557 common partnership units and equivalents in Aimco OP L.P. ("OP Units"). The 2,439,557 OP Units include 510,452 OP Units held directly by the reporting person, 179,735 OP Units held by an entity in which the reporting person has sole voting and investment power, 1,591,672 OP Units held by Titahotwo Limited Partnership RLLLP ("Titahotwo"), a registered limited liability limited partnership for which the reporting person serves as the general partner and holds a 0.5% ownership interest, and 157,698 OP Units held by the reporting person's spouse, for which the reporting person disclaims beneficial ownership except to the extent of his pecuniary interest therein. Including the transactions reported on this form, the reporting person holds 114,768 LTIP Units and 1,322,578 LTIP II Units. In addition, as part of his overall equity stake, the reporting person holds 2,756,681 unvested OP Units, the vesting of which are subject to certain performance criteria. Upon conclusion of the performance period and depending on the results thereof, the reporting person may vest in all, some, or none of the performance-based OP Units. In addition, as part of his overall equity stake, the reporting person holds 750,557 stock options, which are vested and exercisable. Terry Considine 2022-02-04