Daniel A. Hoffler - 28 Jun 2023 Form 4 Insider Report for Armada Hoffler Properties, Inc. (AHH)

Role
Director
Signature
/s/ Louis S. Haddad, as Attorney-in-Fact for Daniel A. Hoffler
Issuer symbol
AHH
Transactions as of
28 Jun 2023
Transactions value $
$0
Form type
4
Filing time
30 Jun 2023, 21:22:57
Previous filing
16 Jun 2022
Next filing
03 Jul 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding AHH Common Stock 171K 28 Jun 2023 Direct
holding AHH 6.75% Series A Preferred Stock 4K 28 Jun 2023 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction AHH LTIP Units Award $0 +11.8K $0.00 11.8K 28 Jun 2023 Common Stock 11.8K Direct F1, F2, F3
holding AHH Common Units 4.98M 28 Jun 2023 Common Stock 4.98M Direct F2, F4
holding AHH Common Units 279 28 Jun 2023 Common Stock 279 By Limited Partnership F2, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents LTIP Units ("LTIP Units") in Armada Hoffler, L.P. (the "Operating Partnership"), the operating partnership of Armada Hoffler Properties, Inc. (the "Company"), and of which the Company is the general partner. Under the limited partnership agreement of the Operating Partnership (the "OP Agreement") and subject to conditions set forth in the OP Agreement, following the date on which the LTIP Units vest, LTIP Units are convertible into Class A common units of limited partnership interest ("Common Units") in the Operating Partnership at the holder's option. Under the award agreement pursuant to which the LTIP Units were granted to the reporting person, except in connection with a Change of Control (as defined in the OP Agreement), the LTIP Units may not be converted to Common Units until two years following the date of grant. LTIP Units have no expiration date.
F2 Each Common Unit is redeemable for cash equal to the then-current market value of one share of the Company's common stock or, at the election of the Company, one share of the Company's common stock. Common Units have no expiration date.
F3 Represents a grant of unvested LTIP Units, all of which will vest on the date of the Company's 2024 Annual Meeting of Stockholders.
F4 Represents Common Units in the Operating Partnership.
F5 Represents Mr. Hoffler's pecuniary interest in Common Units held by a limited partnership.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney