0001349659-21-000029.txt : 20210201 0001349659-21-000029.hdr.sgml : 20210201 20210201194756 ACCESSION NUMBER: 0001349659-21-000029 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20210127 FILED AS OF DATE: 20210201 DATE AS OF CHANGE: 20210201 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: 21578408 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 edgar.xml PRIMARY DOCUMENT X0306 4 2021-01-27 0000922864 APARTMENT INVESTMENT & MANAGEMENT CO AIV 0001229384 CONSIDINE TERRY 4582 S. ULSTER STREET SUITE 1450 DENVER CO 80237 1 0 0 0 Director Class A Common Stock 184745 D Class A Common Stock 34724 I See Footnote LTIP Units of AIMCO OP L.P. 2021-01-27 4 A 0 47323 A Partnership Common Units 47323 82014 D LTIP II Units of AIMCO OP L.P. 2021-01-27 4 A 0 238442 A Partnership Common Units 238442 413231 D Taking into account the transactions reported on this form, Mr. Considine has an overall equity stake in the company of 5,660,072 shares, partnership units, and options, the details of which are more fully described in footnotes 2, 3, 4, and 5 below. The reporting person holds 184,745 shares directly. 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 (which are the equivalent of OP Units) and 413,231 LTIP II Units. In addition to the 184,745 shares held directly, the reporting person holds 1,722,490 unvested partnership 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 partnership units. In addition to the 184,745 shares held directly, the reporting person holds 750,557 stock options, 686,948 of which are vested and exercisable. Held by the reporting person's spouse, for which the reporting person disclaims beneficial ownership except to the extent of his pecuniary interest therein. 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 2018 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 January 31, 2021, and 50% on January 31, 2022. The LTIP Units do not expire. Terry Considine 2021-02-01