FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      
1. Name and Address of Reporting Person * CONSIDINE TERRY 2. Issuer Name and Ticker or Trading Symbol APARTMENT INVESTMENT & MANAGEMENT CO [ AIV ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)__X__ Director                    _____ 10% Owner
_____ Officer (give title below)    _____ Other (specify below)
Director
(Last)         (First)         (Middle)
4582 S. ULSTER STREET, SUITE 1700
3. Date of Earliest Transaction (MM/DD/YYYY)
9/28/2021
(Street)
DENVER, CO 80237
(City)       (State)       (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)
 
6. Individual or Joint/Group Filing (Check Applicable Line) _X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock (1)                184745 (2)(3)(4) D   
Class A Common Stock                 34724  I  See footnote (5)
Class A Common Stock  9/28/2021    P    150000  A $6.8472 (6) 1500000  I  See footnote (7)
Class A Common Stock  9/29/2021    P    16803  A $6.984 (8) 1516803  I  See footnote (7)
Class A Common Stock  9/30/2021    P    138572  A $6.996 (9) 1655375  I  See footnote (7)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Explanation of Responses:
(1)  Taking into account the transactions reported on this form, Mr. Considine has an overall equity stake in the company of 8,426,558 shares, partnership units, and options, the details of which are more fully described in footnotes 2, 3, 4, 5, and 7 below.
(2)  The reporting person holds 184,745 shares directly. In addition, the reporting person holds 2,439,557 common partnership units and equivalents in AIMCO OP L.P. ("OP Units"). The 2,439,557 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, 1,591,672 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. The reporting person also holds 114,768 LTIP Units and 413,231 LTIP II Units.
(3)  In addition, as part of his overall equity stake, the reporting person holds 2,833,601 unvested OP 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 OP Units.
(4)  In addition, as part of his overall equity stake, the reporting person holds 750,557 stock options, which are vested and exercisable.
(5)  Held by the reporting person's spouse, for which the reporting person disclaims beneficial ownership except to the extent of his pecuniary interest therein.
(6)  This price is a weighted average price. The price at which the shares were actually purchased ranged from $6.76 to $6.92. 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 purchased at each price within the range.
(7)  Held by a retirement plan for which the reporting person is the trustee and the reporting person's spouse is the sole participant in the plan. The reporting person disclaims beneficial ownership except to the extent of his pecuniary interest therein.
(8)  This price is a weighted average price. The price at which the shares were actually purchased ranged from $6.98 to $7.00. 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 purchased at each price within the range.
(9)  This price is a weighted average price. The price at which the shares were actually purchased ranged from $6.945 to $7.00. 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 purchased at each price within the range.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
CONSIDINE TERRY
4582 S. ULSTER STREET
SUITE 1700
DENVER, CO 80237
X
Director

Signatures
Terry Considine 9/30/2021
**Signature of Reporting Person Date
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