Sec Form 4 Filing - LUSCOMBE WENDY W @ ACADIA REALTY TRUST - 2020-01-16

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
LUSCOMBE WENDY W
2. Issuer Name and Ticker or Trading Symbol
ACADIA REALTY TRUST [ AKR]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
C/O ACADIA REALTY TRUST, 411 THEODORE FREMD AVE
3. Date of Earliest Transaction (MM/DD/YY)
01/16/2020
(Street)
RYE, NY10580
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Shares of Beneficial Interest - $.001 Par Value 01/16/2020 01/16/2020 S 6,926 ( 1 ) D $ 25.6061 ( 2 ) 33,931 ( 3 ) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
LUSCOMBE WENDY W
C/O ACADIA REALTY TRUST
411 THEODORE FREMD AVE
RYE, NY10580
X
Signatures
/s/ Wendy Luscombe 01/21/2020
Signature of Reporting Person Date
Explanation of Responses:
( 1 )All of these shares are "phantom shares" that were previously reported as being granted in connection with the payment of annual Trustee fees in prior years and represent the share equivalent for Trustee fees credited to Ms. Luscombe's deferred account pursuant to the Company's Deferred Compensation Plan (the "DCP"). The DCP requires that all phantom shares be settled in common shares and not in cash.
( 2 )These shares were sold in 15 separate sales transactions at a weighted average sales price of $25.6061 pursuant to a 10b5-1 plan Ms. Luscombe previously put into place. The actual price at which these shares were sold range from $25.54 to $25.68 per share. Ms. Luscombe will provide, upon request by the Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full, detailed information regarding the number of shares sold at each separate price
( 3 )Includes 1,032 of phantom shares related to dividends earned by Ms. Luscombe under the DCP that were not previously reported. Under the DCP, such dividends are required to be credited as additional phantom shares.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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