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| FORM 4 | U.S. SECURITIES AND EXCHANGE COMMISSION | OMB APPROVAL |
- ----------------------------- Washington, D.C. 20549 |----------------------------
[_] Check this box | OMB Number: 3235-0287 |
if no longer subject STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES | Expires: January 31, 2005 |
to Section 16. Form 4 | Estimated average burden |
or Form 5 obligations Filed pursuant to Section 16(a) of the Securities Exchange | hours per response....0.5 |
may continue. See Act of 1934, Section 17(a) of the Public Utility Holding -----------------------------
Instruction 1(b). Company Act of 1935 or Section 30(h) of the
Investment Company Act of 1940
(Print or Type Responses)
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| 1. Name and Address of | 2. Issuer Name and Ticker or Trading Symbol| 6. Relationship of Reporting Person(s) |
| Reporting Person* | | to Issuer (Check all applicable) |
| | Acadia Realty Trust (AKR) | |
| Longua, Lawrence J. ---------------------------------------------- |X| Director |_| 10% Owner |
| | 3. IRS | 4. Statement for | |_| Officer (give title |_| Other (specify |
- -------------------------------------- Identification | Month/Day/Year| below) below) |
| (Last) (First) (Middle) | Number of | | |
| | Reporting Person, | 11/08/02 | |
| c/o Acadia Realty Trust | Person, if an ---------------------------------------------------------------------
| 20 Soundview Marketplace | entity | 5. If Amendment, | 7. Individual or Joint/Group Filing |
- -------------------------------------- (voluntary) | Date of Orig- | (Check Applicable Line) |
| (Street) | | inal (Month/ | |
| | | Day/Year) | |X| Form filed by One Reporting Person |
| Port Washington, NY 11050 | ###-##-#### | | |_| Form filed by More than One Reporting |
| | | | Person |
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| (City) (State) (Zip) | Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
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| 1. | 2. | 2A. | 3. | 4. | 5. | 6. | 7. |
| Title of Security | Trans- | Deemed | Trans- | Securities Acquired (A) | Amount of | Owner- | Nature of|
| (Instr. 3) | action | Execu- | action | or Disposed of (D) | Securities | ship | Indirect |
| | Date | tion | Code | (Instr. 3, 4 and 5) | Beneficially | Form: | Bene- |
| | | Date, | Instr. 8) | | Owned Follow- | Direct | ficial |
| | (Month/ | if any --------------------------------------------------- ing Reported | (D) or | Owner- |
| | Day/ | (Month/ | | | |(A)| | Transaction(s)| Indirect | ship |
| | Year) | Day/ | | | |or | | (Instr. 3 | (I) | (Instr. |
| | | Year) | Code | V | Amount |(D)| Price | and 4) | (Instr.4) | 4) |
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| Common Shares of | 11/8/02 | | P | | 1,500 | D | $7.70 | 1,500 | D | |
| Beneficial Interest | | | | | | | | | | |
| $.001 par value | | | | | | | | | | |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
Page 1 of 2 Pages
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| FORM 4 (continued) Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned |
| (e.g., puts, calls, warrants, options, convertible securities) |
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|1. |2. |3. |3A. |4. |5. |6. |7. |8. |9. |10. |11. |
|Title of |Conver- |Trans- |Deemed |Trans- |Number of |Date Exer- |Title and Amount |Price |Number |Owner- |Nature |
|Derivative |sion |action |Execu- |action |Derivative |cisable and |of Underlying |of |of |ship |of |
|Security |or |Date |tion |Code |Securities |Expiration |Securities |Deriv- |Deriv- |Form |In- |
|(Instr. 3) |Exer- |(Month/ |Date, |(Instr.|Acquired (A)|Date |(Instr. 3 and 4) |ative |ative |of |direct |
| |cise |Day/ |if any | 8) |or Disposed |(Month/Day/ | |Secur- |Secur- |Deriv- |Bene- |
| |Price |Year) |(Month/ | |of(D) |Year) | |ity |ities |ative |ficial |
| |of | |Day/ | |(Instr. 3, | | |(Instr. |Bene- |Secur- |Owner- |
| |Deriv- | |Year) | | 4 and 5) | | | 5) |ficially |ity: |ship |
| |ative | | | | |-----------------------------------| |Owned |Direct |(Instr.|
| |Secur- | | | | | | | | | |Following|(D) or | 4) |
| |ity | | | | | | | |Amount | |Reported |In- | |
| | | | | | |Date |Expi- | |or | |Trans- |direct | |
| | | | ---------------------|Exer- |ra- | |Number | |action(s)|(I) | |
| | | | | | | | |cis- |tion | |of | |(Instr. |(Instr.| |
| | | | | Code|V| (A) | (D) |able |Date |Title |Shares | | 4) | 4) | |
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Explanation of Responses:
/s/ Lawrence J. Longua 11/15/02
** Intentional misstatements or omissions of facts ----------------------------------- -----------------------
constitute Federal Criminal Violations. See 18 U.S.C. **Signature of Reporting Person Date
1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be
manually signed. If space is insufficient, see
Instruction 6 for procedure.
Page 2 of 2 Pages
