{"transactions":[{"id":2223119,"issuer":{"id":125903,"kind":"organization","name":"PREFERRED APARTMENT COMMUNITIES INC","symbol":"APTS"},"owners":[{"id":125913,"kind":"person","name":"Isakson John A","position":1,"cik":"0001746631","reported_name":"Isakson John A","relationship":{"director":false,"officer":true,"ten_percent_owner":false,"other":false,"officer_title":"CHIEF FINANCIAL OFFICER"}}],"security":"Class A Units","published_at":"2022-06-23T15:19:03.000Z","date":"2022-06-23","kind":"disposition_to_issuer","acquired":false,"shares":20551,"ownership":{"direct":true},"footnotes":[{"field":"security","element":"securityTitle","label":"F3","text":"On June 23, 2022, pursuant to the Merger Agreement, Merger Sub II merged with and into the Partnership (the \"Partnership Merger\") and each Class A unit of the Partnership (a \"Class A Partnership Unit\"), or fraction thereof, that was issued and outstanding immediately prior to the effective time of the Partnership Merger held by the Reporting Person was automatically cancelled and converted into the right to receive an amount in cash equal to $25.00 per Class A Partnership Unit, without interest."},{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F3","text":"On June 23, 2022, pursuant to the Merger Agreement, Merger Sub II merged with and into the Partnership (the \"Partnership Merger\") and each Class A unit of the Partnership (a \"Class A Partnership Unit\"), or fraction thereof, that was issued and outstanding immediately prior to the effective time of the Partnership Merger held by the Reporting Person was automatically cancelled and converted into the right to receive an amount in cash equal to $25.00 per Class A Partnership Unit, without interest."},{"field":"price","element":"transactionPricePerShare","label":"F3","text":"On June 23, 2022, pursuant to the Merger Agreement, Merger Sub II merged with and into the Partnership (the \"Partnership Merger\") and each Class A unit of the Partnership (a \"Class A Partnership Unit\"), or fraction thereof, that was issued and outstanding immediately prior to the effective time of the Partnership Merger held by the Reporting Person was automatically cancelled and converted into the right to receive an amount in cash equal to $25.00 per Class A Partnership Unit, without interest."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F3","text":"On June 23, 2022, pursuant to the Merger Agreement, Merger Sub II merged with and into the Partnership (the \"Partnership Merger\") and each Class A unit of the Partnership (a \"Class A Partnership Unit\"), or fraction thereof, that was issued and outstanding immediately prior to the effective time of the Partnership Merger held by the Reporting Person was automatically cancelled and converted into the right to receive an amount in cash equal to $25.00 per Class A Partnership Unit, without interest."},{"field":"derivative.expiration_date","element":"expirationDate","label":"F3","text":"On June 23, 2022, pursuant to the Merger Agreement, Merger Sub II merged with and into the Partnership (the \"Partnership Merger\") and each Class A unit of the Partnership (a \"Class A Partnership Unit\"), or fraction thereof, that was issued and outstanding immediately prior to the effective time of the Partnership Merger held by the Reporting Person was automatically cancelled and converted into the right to receive an amount in cash equal to $25.00 per Class A Partnership Unit, without interest."}],"balance_after":0,"derivative":{"underlying":"Common Stock","underlying_shares":20551},"source":{"system":"sec-edgar","filing":"0001415889-22-006872","document":"form4-06232022_120654.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1746631/000141588922006872/form4-06232022_120654.xml","form_type":"4"}},{"id":2223118,"issuer":{"id":125903,"kind":"organization","name":"PREFERRED APARTMENT COMMUNITIES INC","symbol":"APTS"},"owners":[{"id":125913,"kind":"person","name":"Isakson John A","position":1,"cik":"0001746631","reported_name":"Isakson John A","relationship":{"director":false,"officer":true,"ten_percent_owner":false,"other":false,"officer_title":"CHIEF FINANCIAL OFFICER"}}],"security":"Common Stock, par value $0.01 per share","published_at":"2022-06-23T15:19:03.000Z","date":"2022-06-23","kind":"disposition_to_issuer","acquired":false,"shares":117108,"ownership":{"direct":true},"footnotes":[{"field":"shares","element":"transactionShares","label":"F1","text":"On June 23, 2022, pursuant to the Agreement and Plan of Merger, dated as of February 16, 2022 (as amended from time to time, the \"Merger Agreement\"), by and among Pike Parent LLC, Pike Merger Sub I LLC (\"Merger Sub I\"), Pike Merger Sub II LLC (\"Merger Sub II\"), Pike Merger Sub III LLC, Preferred Apartment Communities, Inc. (\"PAC\"), Preferred Apartment Communities Operating Partnership, L.P . (the \"Partnership\"), and PAC Operations, LLC, PAC merged with and into Merger Sub I (the \"Company Merger\") and each share of PAC common stock issued and outstanding immediately prior to the effective time of the Company Merger was automatically cancelled and converted into the right to receive an amount in cash equal to $25.00 per share, without interest."},{"field":"shares","element":"transactionShares","label":"F2","text":"Includes 78,471 shares of unvested time-based restricted common stock. Pursuant to the Merger Agreement, each share of unvested time-based restricted common stock granted pursuant to PAC's 2019 Stock Incentive Plan (the \"Long-Term Incentive Plan\") outstanding immediately prior to the effective time of the Company Merger automatically became fully vested and all restrictions and reacquisition rights thereon lapsed. All shares of PAC common stock represented thereby were considered outstanding for all purposes under the Merger Agreement and therefore automatically cancelled and converted into the right to receive an amount in cash equal to $25.00 per share, without interest."},{"field":"price","element":"transactionPricePerShare","label":"F1","text":"On June 23, 2022, pursuant to the Agreement and Plan of Merger, dated as of February 16, 2022 (as amended from time to time, the \"Merger Agreement\"), by and among Pike Parent LLC, Pike Merger Sub I LLC (\"Merger Sub I\"), Pike Merger Sub II LLC (\"Merger Sub II\"), Pike Merger Sub III LLC, Preferred Apartment Communities, Inc. (\"PAC\"), Preferred Apartment Communities Operating Partnership, L.P . (the \"Partnership\"), and PAC Operations, LLC, PAC merged with and into Merger Sub I (the \"Company Merger\") and each share of PAC common stock issued and outstanding immediately prior to the effective time of the Company Merger was automatically cancelled and converted into the right to receive an amount in cash equal to $25.00 per share, without interest."},{"field":"price","element":"transactionPricePerShare","label":"F2","text":"Includes 78,471 shares of unvested time-based restricted common stock. Pursuant to the Merger Agreement, each share of unvested time-based restricted common stock granted pursuant to PAC's 2019 Stock Incentive Plan (the \"Long-Term Incentive Plan\") outstanding immediately prior to the effective time of the Company Merger automatically became fully vested and all restrictions and reacquisition rights thereon lapsed. All shares of PAC common stock represented thereby were considered outstanding for all purposes under the Merger Agreement and therefore automatically cancelled and converted into the right to receive an amount in cash equal to $25.00 per share, without interest."}],"balance_after":0,"source":{"system":"sec-edgar","filing":"0001415889-22-006872","document":"form4-06232022_120654.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1746631/000141588922006872/form4-06232022_120654.xml","form_type":"4"}},{"id":2327771,"issuer":{"id":125903,"kind":"organization","name":"PREFERRED APARTMENT COMMUNITIES INC","symbol":"APTS"},"owners":[{"id":125913,"kind":"person","name":"Isakson John A","position":1,"cik":"0001746631","reported_name":"Isakson John A","relationship":{"director":false,"officer":true,"ten_percent_owner":false,"other":false,"officer_title":"CHIEF FINANCIAL OFFICER"}}],"security":"Common Stock, par value $0.01 per share","published_at":"2022-03-17T16:13:06.000Z","date":"2022-03-15","kind":"tax_withholding","acquired":false,"shares":219,"price":25.06,"value":5488.14,"ownership":{"direct":true},"footnotes":[{"field":"shares","element":"transactionShares","label":"F1","text":"On March 15, 2021, the reporting person was issued 37,418 shares of time-based restricted common stock. The time-based restricted common stock vests approximately equally on March 15, 2022, March 15, 2023, March 15, 2024 and March 15, 2025.  On March 15, 2022, 9,355 shares vested. The reporting person elected, pursuant to their restricted stock agreement, to satisfy their tax obligation by withholding 219 shares having a value approximately equal to the withholding obligation."}],"balance_after":117108,"source":{"system":"sec-edgar","filing":"0001415889-22-003119","document":"form4-03172022_010357.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1746631/000141588922003119/form4-03172022_010357.xml","form_type":"4"}},{"id":2434999,"issuer":{"id":125903,"kind":"organization","name":"PREFERRED APARTMENT COMMUNITIES INC","symbol":"APTS"},"owners":[{"id":125913,"kind":"person","name":"Isakson John A","position":1,"cik":"0001746631","reported_name":"Isakson John A","relationship":{"director":false,"officer":true,"ten_percent_owner":false,"other":false,"officer_title":"CHIEF FINANCIAL OFFICER"}}],"security":"Common Stock, par value $0.01 per share","published_at":"2022-01-14T16:38:49.000Z","date":"2022-01-12","kind":"grant","acquired":true,"shares":31700,"price":0,"value":0.0,"ownership":{"direct":true},"footnotes":[{"field":"shares","element":"transactionShares","label":"F1","text":"These shares are restricted common stock that will vest approximately equally on January 12, 2023, January 12, 2024, January 13, 2025 and January 12, 2026."},{"field":"price","element":"transactionPricePerShare","label":"F1","text":"These shares are restricted common stock that will vest approximately equally on January 12, 2023, January 12, 2024, January 13, 2025 and January 12, 2026."}],"balance_after":117327,"source":{"system":"sec-edgar","filing":"0001415889-22-000570","document":"form4-01142022_010140.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1746631/000141588922000570/form4-01142022_010140.xml","form_type":"4"}},{"id":2786482,"issuer":{"id":125903,"kind":"organization","name":"PREFERRED APARTMENT COMMUNITIES INC","symbol":"APTS"},"owners":[{"id":125913,"kind":"person","name":"Isakson John A","position":1,"cik":"0001746631","reported_name":"Isakson John A","relationship":{"director":false,"officer":true,"ten_percent_owner":false,"other":false,"officer_title":"Chief Financial Officer"}}],"security":"Common Stock, par value $0.01 per share","published_at":"2021-03-16T16:43:08.000Z","date":"2021-03-15","kind":"grant","acquired":true,"shares":37418,"price":0,"value":0.0,"ownership":{"direct":true},"footnotes":[{"field":"shares","element":"transactionShares","label":"F1","text":"These shares are restricted common stock that will vest approximately equally on March 15, 2022, March 15, 2023, March 15, 2024, and March 15,2025."}],"balance_after":85627,"source":{"system":"sec-edgar","filing":"0001638599-21-000371","document":"doc4_7174.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1746631/000163859921000371/doc4_7174.xml","form_type":"4"}},{"id":3104422,"issuer":{"id":125903,"kind":"organization","name":"PREFERRED APARTMENT COMMUNITIES INC","symbol":"APTS"},"owners":[{"id":125913,"kind":"person","name":"Isakson John A","position":1,"cik":"0001746631","reported_name":"Isakson John A","relationship":{"director":false,"officer":true,"ten_percent_owner":false,"other":false,"officer_title":"Chief Financial Officer"}}],"security":"Common Stock, par value $0.01 per share","published_at":"2020-06-19T14:16:49.000Z","date":"2020-06-17","kind":"grant","acquired":true,"shares":48209,"price":0,"value":0.0,"ownership":{"direct":true},"footnotes":[{"field":"shares","element":"transactionShares","label":"F1","text":"These shares are restricted common stock that will vest approximately equally on June 17, 2021, June 17, 2022, June 17, 2023 and June 17, 2024."}],"balance_after":48209,"source":{"system":"sec-edgar","filing":"0001638599-20-000627","document":"doc4_6764.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1746631/000163859920000627/doc4_6764.xml","form_type":"4"}},{"id":3170241,"issuer":{"id":5278,"kind":"organization","name":"Legacy Housing Corp"},"owners":[{"id":125913,"kind":"person","name":"Isakson John A","position":1,"cik":"0001746631","reported_name":"Isakson John A","relationship":{"director":true,"officer":false,"ten_percent_owner":false,"other":false}}],"security":"Common Stock, par value $0.001 per share","published_at":"2020-04-24T13:21:13.000Z","date":"2020-03-27","kind":"grant","acquired":true,"shares":634,"price":0,"value":0.0,"ownership":{"direct":true},"footnotes":[{"field":"shares","element":"transactionShares","label":"F1","text":"The acquired shares vest on December 13, 2020, subject to the Reporting Person's continuous service as a director through and on such date."}],"balance_after":1368,"source":{"system":"sec-edgar","filing":"0001104659-20-050844","document":"a4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1746631/000110465920050844/a4.xml","form_type":"4"}},{"id":3318713,"issuer":{"id":125903,"kind":"organization","name":"PREFERRED APARTMENT COMMUNITIES INC","symbol":"APTS"},"owners":[{"id":125913,"kind":"person","name":"Isakson John A","position":1,"cik":"0001746631","reported_name":"Isakson John A","relationship":{"director":false,"officer":true,"ten_percent_owner":false,"other":false,"officer_title":"Chief Financial Officer"}}],"security":"Class A Units","published_at":"2020-01-06T15:20:11.000Z","date":"2019-01-02","kind":"grant","acquired":true,"shares":2270,"ownership":{"direct":true},"footnotes":[{"field":"security","element":"securityTitle","label":"F1","text":"Represents Class A Units (\"Class A Units\") of Preferred Apartment Communities Operating Partnership, L.P., of which Preferred Apartment Communities, Inc. (the \"Company\") is the general partner.  Each Class A Unit may be exchanged for one share of the Company's common stock, or cash, as selected by the Company.  Class A Units have no expiration date."},{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F1","text":"Represents Class A Units (\"Class A Units\") of Preferred Apartment Communities Operating Partnership, L.P., of which Preferred Apartment Communities, Inc. (the \"Company\") is the general partner.  Each Class A Unit may be exchanged for one share of the Company's common stock, or cash, as selected by the Company.  Class A Units have no expiration date."},{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F2","text":"On January 3, 2017, the reporting person was awarded a maximum of 6,811 Class B Units of the Operating Partnership (\"2017 Class B Units\") issued in lieu of any reimbursement for annual cash compensation for 2017, 2018 and 2019, subject to certain performance and time based conditions.  As of January 2 2018, all performance conditions were met for the 2017 Class B Units.  When earned and vested, each Class B Unit is converted into a Class A Unit.  On January 2, 2020, the remaining 2,270 2017 Class B Units vested and converted to Class A Units."},{"field":"date","element":"transactionDate","label":"F1","text":"Represents Class A Units (\"Class A Units\") of Preferred Apartment Communities Operating Partnership, L.P., of which Preferred Apartment Communities, Inc. (the \"Company\") is the general partner.  Each Class A Unit may be exchanged for one share of the Company's common stock, or cash, as selected by the Company.  Class A Units have no expiration date."},{"field":"date","element":"transactionDate","label":"F2","text":"On January 3, 2017, the reporting person was awarded a maximum of 6,811 Class B Units of the Operating Partnership (\"2017 Class B Units\") issued in lieu of any reimbursement for annual cash compensation for 2017, 2018 and 2019, subject to certain performance and time based conditions.  As of January 2 2018, all performance conditions were met for the 2017 Class B Units.  When earned and vested, each Class B Unit is converted into a Class A Unit.  On January 2, 2020, the remaining 2,270 2017 Class B Units vested and converted to Class A Units."},{"field":"shares","element":"transactionShares","label":"F2","text":"On January 3, 2017, the reporting person was awarded a maximum of 6,811 Class B Units of the Operating Partnership (\"2017 Class B Units\") issued in lieu of any reimbursement for annual cash compensation for 2017, 2018 and 2019, subject to certain performance and time based conditions.  As of January 2 2018, all performance conditions were met for the 2017 Class B Units.  When earned and vested, each Class B Unit is converted into a Class A Unit.  On January 2, 2020, the remaining 2,270 2017 Class B Units vested and converted to Class A Units."},{"field":"price","element":"transactionPricePerShare","label":"F1","text":"Represents Class A Units (\"Class A Units\") of Preferred Apartment Communities Operating Partnership, L.P., of which Preferred Apartment Communities, Inc. (the \"Company\") is the general partner.  Each Class A Unit may be exchanged for one share of the Company's common stock, or cash, as selected by the Company.  Class A Units have no expiration date."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F1","text":"Represents Class A Units (\"Class A Units\") of Preferred Apartment Communities Operating Partnership, L.P., of which Preferred Apartment Communities, Inc. (the \"Company\") is the general partner.  Each Class A Unit may be exchanged for one share of the Company's common stock, or cash, as selected by the Company.  Class A Units have no expiration date."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F2","text":"On January 3, 2017, the reporting person was awarded a maximum of 6,811 Class B Units of the Operating Partnership (\"2017 Class B Units\") issued in lieu of any reimbursement for annual cash compensation for 2017, 2018 and 2019, subject to certain performance and time based conditions.  As of January 2 2018, all performance conditions were met for the 2017 Class B Units.  When earned and vested, each Class B Unit is converted into a Class A Unit.  On January 2, 2020, the remaining 2,270 2017 Class B Units vested and converted to Class A Units."},{"field":"derivative.expiration_date","element":"expirationDate","label":"F1","text":"Represents Class A Units (\"Class A Units\") of Preferred Apartment Communities Operating Partnership, L.P., of which Preferred Apartment Communities, Inc. (the \"Company\") is the general partner.  Each Class A Unit may be exchanged for one share of the Company's common stock, or cash, as selected by the Company.  Class A Units have no expiration date."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F1","text":"Represents Class A Units (\"Class A Units\") of Preferred Apartment Communities Operating Partnership, L.P., of which Preferred Apartment Communities, Inc. (the \"Company\") is the general partner.  Each Class A Unit may be exchanged for one share of the Company's common stock, or cash, as selected by the Company.  Class A Units have no expiration date."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F2","text":"On January 3, 2017, the reporting person was awarded a maximum of 6,811 Class B Units of the Operating Partnership (\"2017 Class B Units\") issued in lieu of any reimbursement for annual cash compensation for 2017, 2018 and 2019, subject to certain performance and time based conditions.  As of January 2 2018, all performance conditions were met for the 2017 Class B Units.  When earned and vested, each Class B Unit is converted into a Class A Unit.  On January 2, 2020, the remaining 2,270 2017 Class B Units vested and converted to Class A Units."}],"balance_after":20551,"derivative":{"exercise_price":0,"underlying":"Common Stock","underlying_shares":2270},"source":{"system":"sec-edgar","filing":"0001638599-20-000036","document":"doc4_6464.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1746631/000163859920000036/doc4_6464.xml","form_type":"4"}},{"id":3666118,"issuer":{"id":5278,"kind":"organization","name":"Legacy Housing Corp"},"owners":[{"id":125913,"kind":"person","name":"Isakson John A","position":1,"cik":"0001746631","reported_name":"Isakson John A","relationship":{"director":true,"officer":false,"ten_percent_owner":false,"other":false}}],"security":"Common Stock, par value $0.001 per share","published_at":"2019-02-11T17:08:34.000Z","date":"2019-02-07","kind":"grant","acquired":true,"shares":734,"price":0,"value":0.0,"ownership":{"direct":true},"footnotes":[{"field":"shares","element":"transactionShares","label":"F1","text":"The acquired shares vest on December 13, 2019, subject to the Reporting Person's continuous service as a director through and on such date."}],"balance_after":734,"source":{"system":"sec-edgar","filing":"0001104659-19-007147","document":"a4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1746631/000110465919007147/a4.xml","form_type":"4"}},{"id":3704358,"issuer":{"id":125903,"kind":"organization","name":"PREFERRED APARTMENT COMMUNITIES INC","symbol":"APTS"},"owners":[{"id":125913,"kind":"person","name":"Isakson John A","position":1,"cik":"0001746631","reported_name":"Isakson John A","relationship":{"director":false,"officer":true,"ten_percent_owner":false,"other":false,"officer_title":"Chief Financial Officer"}}],"security":"Class A Units","published_at":"2019-01-04T16:27:11.000Z","date":"2019-01-02","kind":"grant","acquired":true,"shares":3768,"ownership":{"direct":true},"footnotes":[{"field":"security","element":"securityTitle","label":"F1","text":"Represents Class A Units (\"Class A Units\") of Preferred Apartment Communities Operating Partnership, L.P., of which Preferred Apartment Communities, Inc. (the \"Company\") is the general partner.  Each Class A Unit may be exchanged for one share of the Company's common stock, or cash, as selected by the Company.  Class A Units have no expiration date."},{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F1","text":"Represents Class A Units (\"Class A Units\") of Preferred Apartment Communities Operating Partnership, L.P., of which Preferred Apartment Communities, Inc. (the \"Company\") is the general partner.  Each Class A Unit may be exchanged for one share of the Company's common stock, or cash, as selected by the Company.  Class A Units have no expiration date."},{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F2","text":"On January 4, 2016, the reporting person was awarded a maximum of 4,496 Class B Units of the Operating Partnership (\"2016 Class B Units\") issued in lieu of any reimbursement for annual cash compensation for 2016, 2017 and 2018, subject to certain performance and time based conditions.  As of January 3, 2017, all performance conditions were met for the 2016 Class B Units.  When earned and vested, each Class B Unit is converted into a Class A Unit.  On January 2, 2019, the final 1,498 2016 Class B Units vested and converted to Class A Units."},{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F3","text":"On January 3, 2017, the reporting person was awarded a maximum of 6,811 Class B Units of the Operating Partnership (\"2017 Class B Units\") issued in lieu of any reimbursement for annual cash compensation for 2017, 2018 and 2019, subject to certain performance and time based conditions.  As of January 2 2018, all performance conditions were met for the 2017 Class B Units.  When earned and vested, each Class B Unit is converted into a Class A Unit.  On January 2, 2019, 2,270 2017 Class B Units vested and converted to Class A Units. Subject to time based conditions, the remaining 2,270 unvested 2017 Class B Units will vest on January 2, 2020, and will convert to Class A Units on that date."},{"field":"date","element":"transactionDate","label":"F1","text":"Represents Class A Units (\"Class A Units\") of Preferred Apartment Communities Operating Partnership, L.P., of which Preferred Apartment Communities, Inc. (the \"Company\") is the general partner.  Each Class A Unit may be exchanged for one share of the Company's common stock, or cash, as selected by the Company.  Class A Units have no expiration date."},{"field":"date","element":"transactionDate","label":"F2","text":"On January 4, 2016, the reporting person was awarded a maximum of 4,496 Class B Units of the Operating Partnership (\"2016 Class B Units\") issued in lieu of any reimbursement for annual cash compensation for 2016, 2017 and 2018, subject to certain performance and time based conditions.  As of January 3, 2017, all performance conditions were met for the 2016 Class B Units.  When earned and vested, each Class B Unit is converted into a Class A Unit.  On January 2, 2019, the final 1,498 2016 Class B Units vested and converted to Class A Units."},{"field":"date","element":"transactionDate","label":"F3","text":"On January 3, 2017, the reporting person was awarded a maximum of 6,811 Class B Units of the Operating Partnership (\"2017 Class B Units\") issued in lieu of any reimbursement for annual cash compensation for 2017, 2018 and 2019, subject to certain performance and time based conditions.  As of January 2 2018, all performance conditions were met for the 2017 Class B Units.  When earned and vested, each Class B Unit is converted into a Class A Unit.  On January 2, 2019, 2,270 2017 Class B Units vested and converted to Class A Units. Subject to time based conditions, the remaining 2,270 unvested 2017 Class B Units will vest on January 2, 2020, and will convert to Class A Units on that date."},{"field":"shares","element":"transactionShares","label":"F2","text":"On January 4, 2016, the reporting person was awarded a maximum of 4,496 Class B Units of the Operating Partnership (\"2016 Class B Units\") issued in lieu of any reimbursement for annual cash compensation for 2016, 2017 and 2018, subject to certain performance and time based conditions.  As of January 3, 2017, all performance conditions were met for the 2016 Class B Units.  When earned and vested, each Class B Unit is converted into a Class A Unit.  On January 2, 2019, the final 1,498 2016 Class B Units vested and converted to Class A Units."},{"field":"shares","element":"transactionShares","label":"F3","text":"On January 3, 2017, the reporting person was awarded a maximum of 6,811 Class B Units of the Operating Partnership (\"2017 Class B Units\") issued in lieu of any reimbursement for annual cash compensation for 2017, 2018 and 2019, subject to certain performance and time based conditions.  As of January 2 2018, all performance conditions were met for the 2017 Class B Units.  When earned and vested, each Class B Unit is converted into a Class A Unit.  On January 2, 2019, 2,270 2017 Class B Units vested and converted to Class A Units. Subject to time based conditions, the remaining 2,270 unvested 2017 Class B Units will vest on January 2, 2020, and will convert to Class A Units on that date."},{"field":"price","element":"transactionPricePerShare","label":"F1","text":"Represents Class A Units (\"Class A Units\") of Preferred Apartment Communities Operating Partnership, L.P., of which Preferred Apartment Communities, Inc. (the \"Company\") is the general partner.  Each Class A Unit may be exchanged for one share of the Company's common stock, or cash, as selected by the Company.  Class A Units have no expiration date."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F1","text":"Represents Class A Units (\"Class A Units\") of Preferred Apartment Communities Operating Partnership, L.P., of which Preferred Apartment Communities, Inc. (the \"Company\") is the general partner.  Each Class A Unit may be exchanged for one share of the Company's common stock, or cash, as selected by the Company.  Class A Units have no expiration date."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F2","text":"On January 4, 2016, the reporting person was awarded a maximum of 4,496 Class B Units of the Operating Partnership (\"2016 Class B Units\") issued in lieu of any reimbursement for annual cash compensation for 2016, 2017 and 2018, subject to certain performance and time based conditions.  As of January 3, 2017, all performance conditions were met for the 2016 Class B Units.  When earned and vested, each Class B Unit is converted into a Class A Unit.  On January 2, 2019, the final 1,498 2016 Class B Units vested and converted to Class A Units."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F3","text":"On January 3, 2017, the reporting person was awarded a maximum of 6,811 Class B Units of the Operating Partnership (\"2017 Class B Units\") issued in lieu of any reimbursement for annual cash compensation for 2017, 2018 and 2019, subject to certain performance and time based conditions.  As of January 2 2018, all performance conditions were met for the 2017 Class B Units.  When earned and vested, each Class B Unit is converted into a Class A Unit.  On January 2, 2019, 2,270 2017 Class B Units vested and converted to Class A Units. Subject to time based conditions, the remaining 2,270 unvested 2017 Class B Units will vest on January 2, 2020, and will convert to Class A Units on that date."},{"field":"derivative.expiration_date","element":"expirationDate","label":"F1","text":"Represents Class A Units (\"Class A Units\") of Preferred Apartment Communities Operating Partnership, L.P., of which Preferred Apartment Communities, Inc. (the \"Company\") is the general partner.  Each Class A Unit may be exchanged for one share of the Company's common stock, or cash, as selected by the Company.  Class A Units have no expiration date."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F1","text":"Represents Class A Units (\"Class A Units\") of Preferred Apartment Communities Operating Partnership, L.P., of which Preferred Apartment Communities, Inc. (the \"Company\") is the general partner.  Each Class A Unit may be exchanged for one share of the Company's common stock, or cash, as selected by the Company.  Class A Units have no expiration date."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F2","text":"On January 4, 2016, the reporting person was awarded a maximum of 4,496 Class B Units of the Operating Partnership (\"2016 Class B Units\") issued in lieu of any reimbursement for annual cash compensation for 2016, 2017 and 2018, subject to certain performance and time based conditions.  As of January 3, 2017, all performance conditions were met for the 2016 Class B Units.  When earned and vested, each Class B Unit is converted into a Class A Unit.  On January 2, 2019, the final 1,498 2016 Class B Units vested and converted to Class A Units."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F3","text":"On January 3, 2017, the reporting person was awarded a maximum of 6,811 Class B Units of the Operating Partnership (\"2017 Class B Units\") issued in lieu of any reimbursement for annual cash compensation for 2017, 2018 and 2019, subject to certain performance and time based conditions.  As of January 2 2018, all performance conditions were met for the 2017 Class B Units.  When earned and vested, each Class B Unit is converted into a Class A Unit.  On January 2, 2019, 2,270 2017 Class B Units vested and converted to Class A Units. Subject to time based conditions, the remaining 2,270 unvested 2017 Class B Units will vest on January 2, 2020, and will convert to Class A Units on that date."}],"balance_after":18280,"derivative":{"exercise_price":0,"underlying":"Common Stock","underlying_shares":3768},"source":{"system":"sec-edgar","filing":"0001638599-19-000055","document":"doc4_5859.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1746631/000163859919000055/doc4_5859.xml","form_type":"4"}}]}