CBL & ASSOCIATES PROPERTIES INC — Director's Dealing 2012

Nov 6, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CBL & ASSOCIATES PROPERTIES INC (CBL)
CIK: 0000910612
Period of Report: 2012-11-05

Reporting Person: LEBOVITZ MICHAEL I (Exec VP-Devel & Administration)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-11-05	Preferred Series C Depositary Shares	D	3375	$25.1937	Disposed	0	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	339925.9886	Direct
Common Stock	1830.099	Indirect
Common Stock	8847.233	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Common Units	$	2043-11-03	Common Stock (273932)	273932	Direct

Footnotes

F1: The reported securities were redeemed by the issuer on November 5, 2012 at a redemption price of $25 per Depositary Share, plus accrued and unpaid dividends in hte amount of $0.19375 per Depositary Share, for a total payment of $25.19375 per Depositary Share.

F2: Additionally, the Reporting Person owns a limited partnership interest in CBL & Associates Limited Partnership, a Delaware limited partnership, that may be exchanged at any time for an aggregate of 273,932 shares of the Issuer's Common Stock (on a one-for-one basis) or cash, at the Issuer's election.

F3: The Common Units are exerciseable on a 1 to 1 ratio with no exercise price.

F4: Immediately exercisable.