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Ownership Document
|
| Schema Version: X0508 |
| Document Type: 4 |
| Period of Report: 3/4/24 |
| Not Subject to Section 16: 0 |
| Issuer: |
| Issuer CIK: 899629 |
| Issuer Name: ACADIA REALTY TRUST |
| Issuer Trading Symbol: AKR |
| Reporting Owner: |
| Reporting Owner ID: |
| | Owner CIK: 1218913 |
| | Owner Name: NAPOLITANO JOSEPH |
| Reporting Owner Address: |
| | Owner Street 1: C/O ACADIA REALTY TRUST |
| | Owner Street 2: 411 THEODORE FREMD AVE |
| | Owner City: RYE |
| | Owner State: NY |
| | Owner ZIP Code: 10580 |
| | Owner State Description: |
| Reporting Owner Relationship: |
| | Is Director? No |
| | Is Officer? Yes |
| | Is Ten Percent Owner? No |
| | Is Other? No |
| | Officer Title: Sr. VP |
| Aff 10b5 One: 0 |
| Non-Derivative Table: |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: Common Shares of Beneficial Interest - $.001 Par Value |
| | Transaction Date: |
| | | Value: 3/4/24 |
| | Deemed Execution Date: |
| | | Value: 3/4/24 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: C |
| | | Equity Swap Involved? No |
| | Transaction Timeliness: |
| | | Value: |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 49,525 |
| | | Transaction Price Per Share: |
| Value: 0.00 |
| | | Transaction Acquired-Disposed Code: |
| Value: A |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 49,643 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: Common Shares of Beneficial Interest - $.001 Par Value |
| | Transaction Date: |
| | | Value: 3/4/24 |
| | Deemed Execution Date: |
| | | Value: 3/4/24 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: S |
| | | Equity Swap Involved? No |
| | Transaction Timeliness: |
| | | Value: |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 49,525 |
| | | Transaction Price Per Share: |
| Value: 16.7715 |
| Footnote ID: F1 |
| | | Transaction Acquired-Disposed Code: |
| Value: D |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 118 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Derivative Table: |
| Derivative Transaction: |
| | Security Title: |
| | | Value: Limited Partnership Units |
| | Conversion or Exercise Price: |
| | | Value: 0.00 |
| | Transaction Date: |
| | | Value: 3/4/24 |
| | Deemed Execution Date: |
| | | Value: 3/4/24 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: C |
| | | Equity Swap Involved? No |
| | Transaction Timeliness: |
| | | Value: |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 49,525 |
| | | Transaction Price Per Share: |
| Value: 0.00 |
| | | Transaction Acquired-Disposed Code: |
| Value: D |
| | Exercise Date: |
| | | Footnote ID: F2 |
| | Expiration Date: |
| | | Footnote ID: F2 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Shares of Beneficial Interest |
| | | Underlying Security Shares: |
| Value: 49,525 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 179,108 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Footnotes: |
| Footnote - F1: These shares were sold in 2 separate sales transactions at a weighted average sales price of $16.7715. The actual price at which these shares were sold range from $16.76 to $16.79 per share. Mr. Napolitano 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. |
| Footnote - F2: These LTIP Units in Acadia Realty Limited Partnership ("ARLP") represent a portion of the LTIPs that were previously granted to Mr. Napolitano, which vested in accordance with the terms of each grant. The LTIPs are exchangeable on a 1:1 basis for common operating partnership units of ARLP ("OP Units") which, in turn, are exchangeable on a 1:1 basis for common shares of beneficial interest of the Company. There is no expiration date for the conversion of LTIP Units or OP Units. |
| Remarks: |
| Owner Signature: |
| Signature Name: /s/ Joseph Napolitano |
| Signature Date: 3/5/24 |
