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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1481832	Preferred Apartment Communities Inc	APTS	()	4

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
940225	A John Williams	Preferred Apartment Communities, Inc. 3284 Northside Parkway Nw, Suite 150 Atlanta GA 30327	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	Disposition	2017-05-31	6,000	$15.28	650	No	4	S	Direct
Common Stock, Par Value $0.01	Acquisiton	2017-05-31	1,000	$15.31	44,265	No	4	P	Indirect	By NELL Partners, Inc.

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Direct
No	4	P	Indirect	By NELL Partners, Inc.

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock, Par Value $0.01	7,522	Indirect	By Spouse
Common Stock, Par Value $0.01	981	Indirect	By 2003 Children's Trust
Common Stock, Par Value $0.01	50	Indirect	By son

Footnotes

John A. Williams, Leonard A. Silverstein and Daniel M. DuPree share joint voting and investment power over the shares held by NELL Partners, Inc. Mr. Williams disclaims any economic interest in such shares, 55% 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; 30% of which are owned indirectly by Northside Partners Trust, formed on November 2, 2009, a trust created by Mr. Silverstein's spouse for the benefit of their children; and 15% of which are owned indirectly by Daniel M. DuPree.
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 the purposes of Section 16 or for any other purpose.