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Filing Details

Accession Number:: 0001229384-17-000048
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2017-11-02 18:15:01
Reporting Period:: 2017-10-31

Accepted Time:: 2017-11-02 18:15:01
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

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Class A Common Stock	Acquisiton	2017-10-31	202,429	$8.92	388,972	No	4	M	Direct
Class A Common Stock	Disposition	2017-10-31	41,057	$43.98	347,915	No	4	F	Direct
Class A Common Stock	Disposition	2017-10-31	111,577	$44.01	236,338	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	F	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Common Stock	Stock Option (right to buy)	Disposition	2017-10-31	202,429	$0.00	202,429	$8.92

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0		2019-02-03	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

The net result of the stock option exercise reported on this form is the acquisition of 49,795 shares. Taking into account the transaction reported on this form, Mr. Considine has an overall equity stake in the company of 4,017,625 shares, partnership units, and options, the details of which are more fully described in footnotes 4, 5, 6, and 7 below.
In addition to the reporting person's overall equity stake in the company, 133,689 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.
This price is a weighted average price. The prices actually received ranged from $43.73 to $44.20. 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 236,338 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 236,338 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 236,338 shares held directly, the reporting person holds 976,721 stock options, 119,265 of which are vested and exercisable and 857,456 of which are subject to certain vesting conditions. Of the unvested stock options, the vesting of 738,191 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.
In addition to the 236,338 shares held directly, the reporting person holds 90,982 unvested partnership units, the vesting of which 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 the performance-based partnership units.
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 3, 2013.
Option Award approved by Compensation and Human Resources Committee; price column not applicable.