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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1481832	Preferred Apartment Communities Inc	APTS	Real Estate Investment Trusts (6798)	271712193

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
940225	A John Williams	Preferred Apartment Communities, Inc. 3625 Cumberland Boulevard Suite 1150 Atlanta GA US 30339	Chief Executive Officer	Yes	Yes	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock, Par Value $0.01	Acquisiton	2014-05-16	500	$8.30	6,000	No	4	P	Direct
Common Stock, Par Value $0.01	Acquisiton	2014-05-16	1,300	$8.30	35,258	No	4	P	Indirect	By Spouse

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Direct
No	4	P	Indirect	By Spouse

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock, Par Value $0.01	40,128	Indirect	By Nell Partners, Inc.
Common Stock, Par Value $0.01	381	Indirect	By 2003 Children's Trust

Footnotes

John A. Williams and Leonard A. Silverstein share joint voting and investment power of these shares held by NELL Partners, Inc. John A. Williams disclaims any economic interest in such shares, 70% of which are owned indirectly by the Nancy Ann Richardson Williams Children's Trust, formed on January 30, 1995, a trust created by Mr. Williams' spouse for the benefit of their children, and 30% of which are owned indirectly by the Northside Partners Trust, formed on November 2, 2009, a trust created by Leonard A. Silverstein's spouse for the benefit of their children.
These shares are held in a trust for the benefit of the reporting person's children. The reporting person's spouse is trustee of the trust. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
These transactions were previously reported using transaction code "A". This amended report is made to reflect a correct transaction code of "P" as both of these transaction were open market acquisitions.