Sec Form 4 Filing - QUIRK ARTHUR J @ POST PROPERTIES INC - 2014-02-12

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 QUIRK ARTHUR J 2. Issuer Name and Ticker or Trading Symbol POST PROPERTIES INC [ PPS] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) SVP & CAO (Last) (First) (Middle) 4401 NORTHSIDE PARKWAY, SUITE 800 3. Date of Earliest Transaction (MM/DD/YY) 02/12/2014 (Street) ATLANTA, GA30327-3057 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 Stock 06/12/2014 M 3,120 A $ 48 16,696 ( 1 ) D Common Stock 06/12/2014 S 3,120 D $ 52.5 13,576 ( 1 ) D Common Stock 06/12/2014 M 1,450 A $ 37.04 15,026 ( 1 ) D Common Stock 06/12/2014 S 1,450 D $ 52.5 13,576 ( 1 ) 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 Stock Option (Right to buy) $ 48 06/12/2014 M 3,120 02/02/2010 02/02/2017 Common Stock 3,120 $ 0 0 D Stock Option (Right to buy) $ 37.04 06/12/2014 M 1,450 02/07/2014 02/07/2021 Common Stock 1,450 $ 0 0 D Units in 401(k) Plan ( 2 ) ( 3 ) 02/12/2014 I 1,652.1919 ( 2 )( 3 ) ( 2 )( 3 ) Common Stock 499.0918 $ 14.6055 0 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other QUIRK ARTHUR J 4401 NORTHSIDE PARKWAY SUITE 800 ATLANTA, GA30327-3057 SVP & CAO Signatures /s/ Sherry Cohen, Power of Attorney 06/16/2014 Signature of Reporting Person Date

Explanation of Responses:

( 1 )The balance includes 5,251 restricted shares that have not vested. ( 2 )The issuer's outside administrator for the employees 401(k) plan holds issuer stock in a pooled fund as a participant investment option. Participant contributions designated to be invested in issuer common stock are accounted for as units of interest in the issuer fund. Each unit was valued at $14.6055 as of 2/12/2014. The unit value will fluctuate with fluctuations in the value of the issuer common stock and the daily cash position. Dividends on the issuer common stock held in the issuer stock fund are included in the unit value. The number of shares of issuer stock attributable to the reporting person can be determined at any time by first multiplying the number of units in the reporting person's account by the then current unit price and dividing the total by the price of the issuer common stock. As of 2/12/2014, the reporting person held an equivalent of 499.09183 shares in the issuer 401(k) Plan. The 401(k) plan is a "Qualified Plan" as defined in Rule 16b-3(b)(4). ( 3 )The reporting person transferred the portion of his 401(k) account held in the issuer stock fund into a different participant investment option.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

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

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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