Filing Details
- Accession Number:
- 0001229384-16-000126
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2016-08-03 19:43:39
- Reporting Period:
- 2016-08-02
- Filing Date:
- 2016-08-03
- Accepted Time:
- 2016-08-03 19:43:39
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 922864 | Apartment Investment & Management Co | AIV | Real Estate Investment Trusts (6798) | 841259577 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1229384 | Terry Considine | 4582 S. Ulster Street Suite 1100 Denver CO 80237 | Chairman & Ceo | 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Class A Common Stock | Acquisiton | 2016-08-02 | 346,180 | $42.43 | 498,178 | No | 4 | M | Direct | |
| Class A Common Stock | Disposition | 2016-08-02 | 318,897 | $46.06 | 179,281 | No | 4 | F | Direct | |
| Class A Common Stock | Disposition | 2016-08-02 | 27,283 | $45.29 | 151,998 | No | 4 | S | Direct | |
| Class A Common Stock | Acquisiton | 2016-08-02 | 563,016 | $28.33 | 715,014 | No | 4 | M | Direct | |
| Class A Common Stock | Disposition | 2016-08-02 | 353,116 | $45.17 | 361,898 | No | 4 | F | Direct | |
| Class A Common Stock | Disposition | 2016-08-02 | 148,717 | $45.29 | 213,181 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | F | Direct | |
| No | 4 | S | Direct | |
| No | 4 | M | Direct | |
| No | 4 | F | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Class A Common Stock | Stock Option (right to buy) | Disposition | 2016-08-02 | 346,180 | $0.00 | 346,180 | $42.43 |
| Class A Common Stock | Stock Option (right to buy) | Disposition | 2016-08-02 | 563,016 | $0.00 | 563,016 | $28.33 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | 2017-02-05 | No | 4 | M | Direct | |
| 0 | 2018-01-29 | No | 4 | M | Direct |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Class A Common Stock | 33,695 | Indirect | See footnote |
Footnotes
- Taking into account all of the transactions reported on this form, Mr. Considine has an overall equity stake in the company of 3,786,228 shares, partnership units and options, the details of which are more fully described in footnotes 5, 6 and 7 below.
- In addition to the reporting person's overall equity stake in the company, 106,051 shares are held by a tax exempt organization under 501(c)(3) of the Internal Revenue Code, for which the reporting person disclaims beneficial ownership.
- The reporting person settled 909,196 options which were expiring in 2017 and 2018, in return for 237,183 shares, selling 176,000 at a weighted average price of $45.29 to fund related income taxes and charitable gifts and retaining 61,183 for investment.
- This is a weighted average price. The prices for which the shares were actually sold ranged from $45.035 to $45.67. 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.
- In addition to the 213,181 shares held directly, the reporting person holds 274,027 shares of performance-based restricted stock. Upon conclusion of the various performance periods and depending on the results thereof, the reporting person may vest in all, some or none of the performance-based restricted stock.
- In addition to the 213,181 shares held directly, the reporting person holds 850,185 common partnership units in AIMCO Properties, L.P. ("OP Units"). The 850,185 OP Units include 510,452 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, 2,300 OP Units held by Titahotwo Limited Partnership RLLLP ("Titahotwo"), a registered limited liability limited partnership for which the reporting person serves as the general partner and holds a 0.5% ownership interest, and 157,698 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. Titahotwo also holds 1,589,372 Class I High Performance Units in AIMCO Properties, L.P.
- In addition to the 213,181 shares held directly, the reporting person holds 825,768 stock options, 262,062 of which are vested and exercisable and 563,706 of which are subject to certain vesting conditions. Of the unvested stock options, 384,809 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 performance-based stock options.
- Held by reporting person's spouse, for which the reporting person disclaims beneficial ownership except to the extent of his pecuniary interest therein.
- All of the options were fully vested and exercisable as of February 5, 2012.
- All of the options were fully vested and exercisable as of January 29, 2012.
- Option Award approved by Compensation and Human Resources Committee; price column not applicable.
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