Statement of Changes in Beneficial Ownership (4)
03 Janvier 2022 - 02:19PM
Edgar (US Regulatory)
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 OF SECURITIES
|
OMB
APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response... 0.5 |
|
Filed pursuant to Section 16(a) of the
Securities Exchange Act of 1934 or Section 30(h) of the Investment
Company Act of 1940
|
|
| 1. Name
and Address of Reporting Person * CONSIDINE TERRY |
2. Issuer Name and Ticker or Trading
Symbol Apartment Income REIT Corp. [ AIRC ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)__X__
Director _____
10% Owner
__X__ Officer (give title
below) _____ Other
(specify below)
CEO |
|
(Last)
(First)
(Middle)
4582 S. ULSTER STREET, SUITE 1700 |
3. Date of Earliest Transaction (MM/DD/YYYY)
12/29/2021
|
|
(Street)
DENVER, CO 80237
(City)
(State)
(Zip)
|
4. If Amendment, Date Original Filed
(MM/DD/YYYY)
|
6. Individual or Joint/Group Filing
(Check Applicable Line) _X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person |
Table I - Non-Derivative Securities Acquired, Disposed of, or
Beneficially Owned
|
1.Title of Security
(Instr. 3) |
2. Trans. Date |
2A. Deemed Execution Date, if any |
3. Trans. 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 |
|
Class A Common Stock (1) |
12/29/2021 |
|
S |
|
20000 |
D |
$54.3066 (2) |
49577 |
D |
|
|
Class A Common Stock |
12/30/2021 |
|
S |
|
20000 |
D |
$54.6411 (3) |
29577 |
D |
|
|
Class A Common Stock |
12/31/2021 |
|
S |
|
15001 |
D |
$54.9626 (4) |
14576 (5)(6)(7) |
D |
|
|
Class A Common Stock |
12/30/2021 |
|
S |
|
17500 |
D |
$54.5324 (8) |
17224 |
I |
See Footnote (9) |
|
Class A Common Stock |
12/31/2021 |
|
S |
|
17224 |
D |
$54.9685 (10) |
0 |
I |
See Footnote (9) |
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible
securities)
|
1. Title of Derivate Security
(Instr. 3) |
2. Conversion or Exercise Price of Derivative
Security |
3. Trans. Date |
3A. Deemed Execution Date, if any |
4. Trans. 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 |
7. Title and Amount of Securities Underlying
Derivative Security
(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 |
| Explanation of
Responses: |
| (1) |
Taking into account the
transactions reported on this form, Mr. Considine has an overall
equity stake in the company of 6,480,985 shares, partnership units,
and options, the details of which are more fully described in
footnotes 5, 6, 7, and 8 below. |
| (2) |
This price is a weighted
average price. The price at which the shares were actually sold
ranged from $53.86 to $54.81. The reporting person has provided to
the issuer and will provide to any security holder or the staff of
the Securities and Exchange Commission, upon request, information
regarding the number of shares sold at each price within the
range. |
| (3) |
This price is a weighted
average price. The price at which the shares were actually sold
ranged from $54.39 to $54.90. The reporting person has provided to
the issuer and will provide to any security holder or the staff of
the Securities and Exchange Commission, upon request, information
regarding the number of shares sold at each price within the
range. |
| (4) |
This price is a weighted
average price. The price at which the shares were actually sold
ranged from $54.73 to $55.19. The reporting person has provided to
the issuer and will provide to any security holder or the staff of
the Securities and Exchange Commission, upon request, information
regarding the number of shares sold at each price within the
range. |
| (5) |
The reporting person holds
14,576 shares directly and 16,000 in a trust for which the
reporting person disclaims beneficial ownership. In addition, the
reporting person holds 2,160,007 common partnership units and
equivalents in Apartment Income REIT, L.P. ("OP Units"). The
2,160,007 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% 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. In addition, the reporting person holds 114,768 LTIP Units
(which are the equivalent of OP Units) and 413,231 LTIP II
Units. |
| (6) |
In addition to the 14,576
shares held directly, the reporting person holds 3,011,846 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. |
| (7) |
In addition, as part of his
overall equity stake, the reporting person holds 750,557 stock
options, which are vested and exercisable. |
| (8) |
This price is a weighted
average price. The price at which the shares were actually sold
ranged from $54.41 to $54.64. The reporting person has provided to
the issuer and will provide to any security holder or the staff of
the Securities and Exchange Commission, upon request, information
regarding the number of shares sold at each price within the
range. |
| (9) |
Held by the reporting
person's spouse, for which the reporting person disclaims
beneficial ownership except to the extent of his pecuniary interest
therein. |
| (10) |
This price is a weighted
average price. The price at which the shares were actually sold
ranged from $54.71 to $55.17. The reporting person has provided to
the issuer and will provide to any security holder or the staff of
the Securities and Exchange Commission, upon request, information
regarding the number of shares sold at each price within the
range. |
Remarks:
The purposes of the dispositions reported this week were to repay
bank debt incurred primarily with respect to (i) taxes and tax
planning due to non-cash income recognized in 2020 and 2021 and
(ii) funding continuing charitable commitments. |
Reporting
Owners
|
|
Reporting Owner Name / Address |
Relationships
|
|
Director |
10% Owner |
Officer |
Other |
CONSIDINE TERRY
4582 S. ULSTER STREET
SUITE 1700
DENVER, CO 80237 |
X |
|
CEO |
|
Signatures
|
|
Terry Considine |
|
12/31/2021 |
| **Signature of Reporting
Person |
Date |
Apartment Income REIT (NYSE:AIRC)
Graphique Historique de l'Action
De Juin 2022 à Juil 2022
Apartment Income REIT (NYSE:AIRC)
Graphique Historique de l'Action
De Juil 2021 à Juil 2022
