0001062993-22-002526.txt : 20220203 0001062993-22-002526.hdr.sgml : 20220203 20220203195954 ACCESSION NUMBER: 0001062993-22-002526 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20220201 FILED AS OF DATE: 20220203 DATE AS OF CHANGE: 20220203 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: 000-24497 FILM NUMBER: 22590436 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 Income REIT, L.P. CENTRAL INDEX KEY: 0000926660 STANDARD INDUSTRIAL CLASSIFICATION: OPERATORS OF APARTMENT BUILDINGS [6513] IRS NUMBER: 841275621 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 4582 S ULSTER ST STREET 2: SUITE 1700 CITY: DENVER STATE: CO ZIP: 80237 BUSINESS PHONE: 3037578101 MAIL ADDRESS: STREET 1: 4582 S ULSTER ST STREET 2: SUITE 1700 CITY: DENVER STATE: CO ZIP: 80237 FORMER COMPANY: FORMER CONFORMED NAME: AIMCO PROPERTIES L.P. DATE OF NAME CHANGE: 20121009 FORMER COMPANY: FORMER CONFORMED NAME: AIMCO PROPERTIES LP DATE OF NAME CHANGE: 19980519 4 1 form4.xml STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES X0306 4 2022-02-01 0000926660 Apartment Income REIT, L.P. NA 0001229384 CONSIDINE TERRY 4582 S. ULSTER STREET SUITE 1700 DENVER CO 80237 0 1 0 0 CEO Class A Common Stock 3469 D LTIP II Units of Apartment Income REIT, L.P. 2022-02-01 4 A 0 170574 A Partnership Common Units 170574 583805 D Taking into account the transactions reported on this form, Mr. Considine has an overall equity stake in the company of 5,929,728 shares, partnership units, and options, the details of which are more fully described in footnotes 2, 3, and 4 below. The reporting person holds 3,469 shares directly and 16,000 in a trust for which the reporting person disclaims beneficial ownership. In addition, the reporting person holds 2,858,580 common partnership units and equivalents in Apartment Income REIT, L.P. ("OP Units"). The 2,858,580 OP Units include 270,452 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"), an entity for which the reporting person serves as the general partner and holds a 0.5% ownership interest, and 118,148 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. This number also includes 114,768 LTIP Units (which are the equivalent of OP Units) and 583,805 LTIP II Units. In addition to the shares held directly, the reporting person holds 2,301,122 unvested partnership units, the vesting of which is 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 shares held directly, the reporting person holds 750,557 stock options, all of which are vested and exercisable. Pursuant to the Seventh Amended and Restated Agreement of Limited Partnership of Apartment Income REIT, L.P. (the "Partnership Agreement"), a holder of LTIP Units or LTIP II Units has the right to convert all or a portion of such holder's vested LTIP or LTIP II 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 Apartment Income REIT, L.P. to redeem such holder's Partnership Common Units, which redemption may be for Class A Common Stock of Apartment Income REIT Corp. 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 Apartment Income REIT, 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 II Units was subject to satisfaction of total shareholder return criteria over the period compared to specified indices. The LTIP II Units vest 50% on February 1, 2022, and 50% on January 29, 2023. The LTIP II Units do not expire. Terry Considine 2022-02-02