Filing Details

Accession Number:
0001552781-15-000607
Form Type:
4
Zero Holdings:
No
Publication Time:
2015-05-21 16:28:04
Reporting Period:
2015-05-19
Filing Date:
2015-05-21
Accepted Time:
2015-05-21 16:28:04
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1011109 Acre Realty Investors Inc AIII Real Estate Investment Trusts (6798) 562122873
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
84353 S Charles Roberts 375 Northridge Road
Suite 330
Atlanta GA 30350
Executive Vice President Yes Yes Yes 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 $.01 Per Share Disposition 2015-05-19 200 $1.60 4,284,609 No 4 S Direct
Common Stock, Par Value $.01 Per Share Disposition 2015-05-19 200 $1.62 4,284,409 No 4 S Direct
Common Stock, Par Value $.01 Per Share Disposition 2015-05-19 200 $1.66 4,284,209 No 4 S Direct
Common Stock, Par Value $.01 Per Share Disposition 2015-05-19 200 $1.67 4,284,009 No 4 S Direct
Common Stock, Par Value $.01 Per Share Disposition 2015-05-19 200 $1.69 4,283,809 No 4 S Direct
Common Stock, Par Value $.01 Per Share Disposition 2015-05-19 220 $1.70 4,283,589 No 4 S Direct
Common Stock, Par Value $.01 Per Share Disposition 2015-05-19 500 $1.73 4,283,089 No 4 S Direct
Common Stock, Par Value $.01 Per Share Disposition 2015-05-19 200 $1.77 4,282,889 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
No 4 S Direct
No 4 S Direct
No 4 S Direct
No 4 S Direct
No 4 S Direct
No 4 S Direct
No 4 S Direct
Footnotes
  1. As part of Mr. Roberts' long range estate and tax plan, he is selling a limited number of shares of Company common stock under a one year Rule 10(b)5-1 Plan. Additionally, Rule 144 restricts the number of shares that Mr. Roberts can sell in any three month period to the greater of 1% of the total number of Company shares outstanding or the average weekly reported volume of trading in Company shares. Based on the restrictions under Rule 144 on the number of shares Mr. Roberts can sell each quarter, it would take more than 6 years to sell his holdings in the Company if he sold the maximum number of shares allowed each quarter. Given the length of time necessary to diversify some of Mr. Roberts' holdings, he has decided to sell a limited portion of his shares each quarter for the next year in order to accomplish his estate and tax planning objectives.
  2. Mr. Roberts' spouse owns 258,705 shares of Company common stock. Mr. Roberts disclaims beneficial ownership of those shares which are included in Column 5 above.