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Filing Details

Accession Number:: 0001638599-17-001154
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2017-11-20 14:39:17
Reporting Period:: 2017-11-16

Accepted Time:: 2017-11-20 14:39:17
SEC Url:: Form 4 Filing

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
1231790	M Daniel Dupree	Preferred Apartment Communities, Inc. 3284 Northside Parkway Nw, Suite 150 Atlanta GA 30327	Chief Investment Officer	Yes	Yes	No	No

Reported Non-Derivative Transactions

Show Other Fields >>

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	2017-11-17	14,600	$21.04	99,564	No	4	S	Direct
Common Stock, Par Value $0.01	Disposition	2017-11-16	2,400	$21.34	114,164	No	4	S	Direct

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

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock, Par Value $0.01	44,765	Indirect	By NELL Partners, Inc.

Footnotes

The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $21.00 to $21.06, inclusive. The reporting person undertakes to provide to Preferred Apartment Communities, Inc. ("PAC"), any security holder of Preferred Apartment Communities, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $21.30 to $21.36, inclusive. The reporting person undertakes to provide to Preferred Apartment Communities, Inc., any security holder of Preferred Apartment Communities, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
The reporting person's sale of PAC common stock reported herein was matchable under Section 16(b) of the Securities Exchange Act of 1934, to the extent of 225 shares, with the reporting person's 15% share of the purchase by NELL Partners, Inc. of (i) 1,000 shares of PAC common stock at a price of $15.31 per share on May 31, 2017 and (ii) 500 shares of PAC common stock at a price of $21.01 on November 10, 2017. As a result of the settlement of this transaction, the reporting person has paid to PAC $912.00 representing the full amount of the profit realized in connection with the short-swing transaction, less transaction costs.
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. DuPree disclaims any economic interest in 38,050 of such shares, 64.7% 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, and 35.3% 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.