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Filing Details

Accession Number:: 0001181431-12-044105
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2012-08-07 18:08:38
Reporting Period:: 2012-08-03

Filing Date:: 2012-08-07
Accepted Time:: 2012-08-07 18:08:38
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1347523	Landmark Apartment Trust Of America Inc.	NONE	Real Estate Investment Trusts (6798)	203975609

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1555655	Joseph Lubeck	4901 Dickens Road, Suite 101 Richmond VA 23230	Exec. Chairman Of The Board	Yes	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2012-08-03	202,946	$8.15	202,946	No	4	P	Indirect	By Elco Landmark Residential Holdings LLC

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	By Elco Landmark Residential Holdings LLC

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Long-Term Incentive Plan Units	Acquisiton	2012-08-03	22,040	$0.00	22,040	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
22,040			No	4	A	Direct

Footnotes

The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interests therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
The long-term incentive plan units ("LTIP" Units) are fully vested upon grant. LTIP Units are a special class of partnership interest in the Registrant's operating partnership. Initially, the LTIP Units will not have full parity with the common units issued by the Registrant's operating partnership with respect to liquidating distributions. Under the terms of the LTIP Units, the Registrant's operating partnership will revalue its assets upon the occurrence of certain specified events, and any increase in the Registrant's operating partnership's valuation from the time of grant until such event will be allocated first to the holders of LTIP Units to equalize the capital accounts of such holders with the capital accounts of holders of common units. (Continued in Footnote 3)
Upon equalization of the capital accounts of the holders of LTIP Units with the other holders of common units, the LTIP Units will achieve full parity with the common units for all purposes, including with respect to liquidating distributions. If such parity is reached, vested LTIP Units may be converted into an equal number of common units at any time, and thereafter enjoy all the rights of common units, including the right to exchange such units for shares of the Registrant's common stock.
The LTIP Units do not have an expiration date.